TUI News Page 9
Kelly Holmes links up with TUI Education
Olympic double gold medallist Dame Kelly Holmes has been appointed as a non-executive Director of TUI Education; the Education Division of FTSE 100 listed travel giant TUI Travel PLC. Sporting legend Dame Kelly, who was made a Dame Commander of the Order of the British Empire in 2005, will commence her engagement this month.
Tui Travel acquires Magic Life
Tui Travel will acquire Magic Life and its six operating companies for €6 in cash after reaching an agreement with TUI AG.
China opens up outbound tourism market
Authorities in Beijing have granted licences to three foreign companies to organize tours for outbound Chinese tourists. TUI becomes the first European tour operator, along with CITS American Express Travel Services for the US and JTB New Century International Tours for Japan. The move is seen as key to opening up the country’s lucrative outbound market.
Tour operators offer bargain North Africa holidays
Tour operators are offering bargain packages to North Africa in a bid to lure holidaymakers back following the civil unrest earlier this year. Tui Travel has reduced the price of some holidays to Egypt, Tunisia and Morocco by nearly half to address the slump in visitor numbers. The travel giant has lost £29 million as a result of unrest.
TUI shrugs off Egypt unrest, narrows losses
TUI Travel has released financial results for the six months to March 31st revealing the tour operator minimised the impact of the unrest in the Middle East and narrowed losses overall. The FTSE 100 giant – which is majority owned by TUI AG of Germany – confirmed it lost £29 million over six months due to the Arab Spring, less than the expected £30 million.
First Choice to go all-inclusive only
First Choice holidays will make all its holidays “all inclusive” from next summer in a bid to save money. Its packages will include flights, in-resort transfers, hotel accommodation, three meals a day and unlimited local drinks as standard. The tour operator claims the move will make it the UK’s first mainstream holiday company to specialise in “all-inclusive” only.
TUI confirms Middle East disruption will hit demand
TUI has said unrest in the Middle East in recent months will cost it £25-£30 million. Demand for trips to Egypt and Tunisia have been particularly hard hit, but both now represent “exceptional value” to travellers, according to the tour operator.
TUI raises green credentials
TUI (Thomson and First Choice has announced 20 sustainable travel commitments for 2011. Launched at The Economist’s Sustainable Business Summit, the ambitious three year commitments reinforce the company’s position at the forefront of sustainable tourism – it is the only travel company to introduce such wide ranging and measurable objectives.
TUI AG refocuses on tourism with Hapag-Lloyd sale
TUI AG has sold a significant proportion of its stake in shipping container giant Hapag-Lloyd as the company seeks to refocus on tourism. At the same time subsidiary Tui Travel had added fuel surcharges to the cost of its holidays as it contends with rising prices prompted by unrest in the Middle East.
TUI ends year on a high despite tough climate
Improving demand has helped TUI end its financial year on a high, with losses narrowing despite tough trading and a large hit caused by the Icelandic ash cloud crisis. Customers of Europe’s largest travel group were also shifting to all-inclusive packages as they seek value in times of austerity.
Plane overshoots runway at Newcastle Airport
A passenger plane has overshot its landing at Newcastle Airport as arctic conditions continue to sweep across the United Kingdom. Nobody was injured following the incident, which occurred at 21:00 GMT on Thursday evening.
TUI Travel PLC restatement of prior year financial results
On 10 August 2010, as part of its results for the third quarter and nine months ended 30 June 2010 (unaudited), TUI Travel reported that following completion of the integration of IT systems in its UK mainstream business, it had written off a number of legacy receivable balances that had built up over an extended period of time