TUI Travel has reported a nine per cent increase in bookings at its UK operations as poor winter weather drives Brits to book holidays earlier. TUI also reported higher margins on those holidays which were booked, with momentum also carried into the summer season.
FanTravel, a new web-based sales platform designed to turn organisations into travel experts, has just launched a free a service with the aim of offering a fresh approach to group travel. Backed by TUI Travel’s Sport Division, the company leverages expertise in travel, sports, and technology to make organizing group travel to sporting events simple.
Travel giant TUI has argued its “unique” holidays have allowed it to differentiate itself in the UK market and boosted its market share. Releasing its first quarter results today, chief executive Peter Long said he expects underlying operating profit to grow by up to ten per cent.
entury Casinos announced today that the company extended its long-term concession agreement with TUI Cruises.
TUI AG has confirmed it will not bid for smaller TUI Travel following an assessment of present market conditions. TUI AG made the statement in accordance with the UK City Code of Takeovers & Mergers, with the company now banned from launching a takeover bid within six months.
It has been a long time coming, but directors at TUI Travel have finally confirmed they are in discussions with TUI AG about a possible merger of the two organisations. The larger German organisation already owns 56 per cent of TUI Travel, with a deal potentially seeing the organisation acquiring the outstanding stock.
Tui Travel has reported an eight per cent rise in annual profits, hailing an “outstanding performance” by its UK business. The company, which owns Thomson and First Choice, made a profit of £390 million in the year to September 30th.
The development of the Toscana Resort Castelfalfi has taken a major step forward with the opening of the first hotel. The boutique hotel La Tabaccaia, in the walls of the village’s former tobacco factory, opened on schedule on 6 October. The 3-star hotel with 32 rooms is the first of three hotels planned for the resort.
TUI AG chairman Michael Frenzel has been confirmed the headline speaker at World Travel Market Captains of Industry lunch on the first day of the 2012 event. Frenzel will take part in a question and answer session in front of an invite-only audience of more than 120 of the industry’s most senior professionals.
Els Vanherck, purchasing manager, Tui UK at the World Travel Awards Europe Gala Ceremony 2012 at Conrad Algarve
Embraer is pleased to welcome TUI Travel PLC, one of the world’s leading leisure travel companies, to its E-Jets’ family of customers. The Group will lease two EMBRAER 190 jets under an agreement with BOC Aviation, a Singapore-based aircraft leasing company.