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. …
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 …
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 …
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 …
Published on : Wednesday, October 7, 2020
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.
Published on : Tuesday, August 18, 2020
TUI recently announced that it has started a 100-day countdown to mark the launch of its latest venture, TUI River Cruises.
Published on : Saturday, June 20, 2020
Germany’s TUI Group has decided to sharply downsize its airline fleet due to decreased demand and declining condition.
Published on : Wednesday, November 21, 2018
TUI Group will expand its international concept hotel portfolio with the addition of 12 new TUI Sensimar hotels and three new TUI Family Life hotels in 2019. TUI will set foot in the Greek island of Santorini with the TUI …
Published on : Monday, September 17, 2018
Tui Group has purchased Italian online firm Musement, which specialises in selling activities, tours and excursions. Musement specialized in selling activities, tours and excursions has been acquired by the TUI Group. Five years ago the Milan –based start-up …
Published on : Friday, March 16, 2018
The Belgian Birgit Conix (52) will succeed TUI Group’s CFO Horst Baier. The Group’s Supervisory Board has decided to appoint Birgit Conix as member of the Executive Board with effect from 15 July 2018. She will take over as …
Published on : Friday, February 2, 2018
TUI Group has created the new Group function of Chief Digital Officer in a move to bring its structure into line with its digitalisation strategy and underpin its consistent implementation. The new post will be taken over by …
Published on : Thursday, October 5, 2017
After getting clearance by the regulators, Hotelbeds Group has taken the complete takeover of the travel services wholesaler GTA. The acquisition will take place in a ‘phased approach’ and the Global bed bank Hotelbeds will buy GTA in April, …
Published on : Friday, August 11, 2017
The tourism industry is gradually facing its repercussions. However, this is yet to panic-stricken the largest mass Tourism Company in the world. Though, Fritz Joussen of TUI Group accepts that the constant growth of Spanish tourism is creating “a …
Published on : Wednesday, July 12, 2017
TUI Group Europe’s largest tourism group, TUI Group said that it had sold its stake in container shipper Hapag-Lloyd (HLAG.DE), bringing to a close plans for the sale of non-core businesses for focusing on its tourism operations. TUI Group has …
Published on : Tuesday, May 16, 2017
As per the TUI Group, Spain and other European destinations are continuing to make up for a lack of demand for Turkey and North Africa. Tourists have been avoiding visiting places hit by terrorism for the last few years, and …
Published on : Saturday, May 13, 2017
TUI Group, a multinational travel and tourism company is all focused to fortify its presence in China. Fritz Joussen, TUI Group CEO and his China visit to extend the joint venture with the Chinese CTS Group by 15 years to …
Published on : Monday, April 3, 2017
In 2016, TUI customers booked 6.3 million greener and fairer holidays and €6.6 million was raised for sustainability research and projects, as reported by TUI Group 2016 progress report with its sustainability strategy ‘Better Holidays, Better World’. The report …
Published on : Wednesday, March 8, 2017
A research by TUI Group reveals, sustainable tourism faces major challenges even though eco-friendly travel is becoming popular among holidaymakers in Europe. Eco-friendly travel is already very popular among many European holidaymakers – however, sustainable tourism also entails major …
Published on : Wednesday, February 15, 2017
Fritz Joussen, Tui Group chief executive while talking to a conference call and delivering the financial results of the firm said that 4 percent more customers with 8 percent more revenue for summer and winter 2017. Summer bookings were up …
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