tui

Fritz Joussen – TUI: “We want to, we can, and we will return to economic strength”

Last year was marked by transition: after a period of standstill, airlines, hotels and tourism companies made a successful new start. What has changed for TUI as a result of the pandemic? CEO Friedrich Joussen explains what is new, what remains – and why there are good reasons for optimism. The interview How does TUI […]

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TUI AG: CEO Fritz Joussen participates in capital increase

Fritz Joussen, CEO of TUI AG, is participating in the capital increase resolved at the Group’s Extraordinary General Meeting on 5 January 2021. He exercised 500,000 subscription rights and thus acquired approximately 431,000 new shares. Joussen had previously sold shares (300,000) and subscription rights (100,000) on the market, among other things to finance the exercise […]

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TUI Group CEO Fritz Joussen: “Greece is in the core of TUI’s growth strategy”

Greece is the second most important destination for the TUI Group. The world’s leading tourism group has been present in Greece for more than 40 years. The country is in the core of TUI’s global growth strategy in all business fields, with regard to hotels and cruises as much as much as for TUI’s tour […]

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Fritz Joussen becomes sole CEO of TUI Group

Fritz Joussen has become the sole chief executive of Tui AG after Peter Long was elected as a new supervisory board member. The decision was confirmed at the company’s annual general meeting in Hanover earlier today. Until December 2014, Long was chief executive of Tui Travel Plc, Tui’s tourism subsidiary created through the merger between […]

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TUI: Joussen sticks to targets

TUI will maintain its investment plans and financial targets this year despite the impact of terrorist attacks in holiday destinations, CEO Fritz Joussen declared. The TUI boss described Tuesday’s terror attack in Istanbul as “critical” for Turkey as a holiday destination following the attacks in Egypt and Tunisia in recent months. “We have a situation […]

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TUI Group full year report: Successful restart in summer and almost fully booked first winter quarter 2022

TUI has taken another step out of the crisis with an almost balanced fourth financial quarter of 2021. Due to the successful resumption of the tourism business, TUI is close to reaching break-even in terms of underlying EBIT at -97 million euros in Q4 2021. TUI Hotels & Resorts, an important and high earning division […]

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TUI Group resolved a 1.1 billion euros capital increase to strengthen the balance sheet

TUI Group resolved a 1.1 billion euros capital increase to strengthen the balance sheet / Drawings under the KfW Facility reduced to zero / After transformation and restart, focus on refinancing and reducing the use of government loans / Positive booking update for Q4: 5.2 million bookings in Summer 2021, significant increase in the high […]

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TUI Group: Sale of stake in real-estate portfolio to Riu family completed

The TUI Group has successfully completed the sale of its minority stake in a property portfolio to the Riu family. The portfolio which was previously held jointly between TUI and RIU consists of 21 properties, comprising 19 existing buildings and two in development. The divestment only includes the ownership of these properties. The operation and […]

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TUI Group: Conditions created for rapid resumption of travel activities after challenging Corona Year 2020

TUI has liquid funds amounting to 2.5 billion euros2 Global reorientation measures accelerated and cost target raised: annual savings of 400 million euros announced Demand for travel is rising: 50 per cent of the programme for May 2021 already booked Summer 2021: average prices +14 percent – bookings 3 percent higher than for summer 2019 […]

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TUI Group: Supervisory Board new set-up of Group Management as of January 1

TUI is rearranging its Group Management with effect from 1 January 2021. The Supervisory Board headed by Dr. Dieter Zetsche agreed on the changes at its meeting on Tuesday. With Sebastian Ebel, an experienced TUI manager of many years’ standing is moving to the top of the Finance division. He is currently responsible for the […]

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