TUI Group

  • TUI Group collaborates with Mobi to implement machine learning

    Published on : Thursday, January 13, 2022

    TUI Group is implementing machine learning for its global shared-transfer operations platform in collaboration with Mobi Systems, a Boston based startup using advanced techniques to optimise scheduling. This continues TUI’s investment in digital platform capabilities and is part of a …

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  • TUI reports signs of recovery amid third quarter losses

    Published on : Wednesday, August 18, 2021

    TUI Group recently reported a loss of €670 million for the third quarter of the year. However, the company has now resumed business activities in all European markets, with positive cashflow for the period. Fritz Joussen, Chief Executive, TUI said …

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  • TUI launched brand new ship in Germany

    Published on : Tuesday, August 17, 2021

    Tui recently launched its latest venture, Tui River Cruises, after an 18-month delay due to the Covid-19 pandemic.  A christening ceremony was completed with pyrotechnics and ‘champagne smash’. The ship was been officially named as Tui Cruises’ first ship, Tui …

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  • TUI Group cancels trips to amber list countries until June 27

    Published on : Wednesday, May 26, 2021

    TUI Group has decided to cancel trips to a number of red and amber list destinations out of the UK until late next month. The holiday giant will no longer be offering departures to Mexico, Dominican Republic, Costa Rica, Turkey, …

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  • TUI Group plans to raise €350 million in fresh funding

    Published on : Tuesday, April 13, 2021

    TUI Group has recently revealed plans to raise at least €350 million in fresh funding as the company seeks to fight against the ongoing devastating impact from the COVID-19 pandemic. The new senior unsecured bonds will fall due in 2028. …

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  • TUI to close further 48 shops across the UK

    Published on : Friday, March 26, 2021

    TUI Group has confirmed that it will close a further 48 shops across the UK as the COVID-19 pandemic continues to hit the travel sector. the move follows the closure of 166 TUI shops announced in July 2020 which affected …

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  • Major tour operators cancelling trips until mid-February

    Published on : Thursday, January 7, 2021

    Virgin Holidays has become the latest travel firm to cancel holidays following the latest COVID-19 lockdown restrictions that were imposed in part of the U.K. The tour operator mentioned that refunds would be offered to travellers due for departure before …

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  • TUI reports loss of €3.1 billion in travel but looks at 2021 recovery

    Published on : Thursday, December 10, 2020

    TUI Group recently reported a total loss of €3.1 billion in travel for financial year 2020 as the COVID-19 pandemic takes the world storm. The figure was a huge decline as compared to the profit of €532 million as seen …

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  • Sebastian Ebel appointed Chief Financial Officer of TUI group

    Published on : Wednesday, October 7, 2020

    Sebastian Ebel has been appointed as the Chief Financial Officer of TUI group.

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  • Marella Cruises extends pause in operations until November

    Published on : Monday, August 24, 2020

    TUI Group’s Marella Cruises has decided to extend a pause in operations until November 15, at the earliest.

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