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TUI at the 2021 AGM: vaccination campaigns, use of rapid tests and progress in dealing with the pandemic have a positive impact on booking behaviour

TUI has published trends in current bookings for summer 2021 as part of its Annual General Meeting. Progressing vaccination campaigns, increased availability of rapid and self-tests in the markets and the planned opening strategies of some European governments show a positive effect on the booking behaviour of TUI customers. In particular in the German and […]

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TUI: Crete and the Canary Islands the most popular Summer 2021 holiday destinations for Europeans

Greece and Spain are the most popular holiday destinations for Europeans this summer. This is shown by the TUI Holiday Atlas Summer 2021, which evaluates the most popular vacation destinations of European TUI customers. The Greek island of Crete takes first place. Gran Canaria, Rhodes, Tenerife and Antalya are also in the top five. Last […]

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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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State aid: Commission approves €1.25 billion German measure to recapitalise TUI

The European Commission has approved German plans to contribute up to €1.25 billion to the recapitalisation of TUI AG (TUI), the parent company of the TUI Group, as part of a wider support package. The measure was approved under the State aid Temporary Framework. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “As many other companies […]

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TUI reminds people that nothing compares to a real holiday in new campaign

Following TUI ’s ‘welcome back’ campaign launch in the summer after international travel recommenced – as the first travel brand back on TV – the newest campaign from the leading travel brand has two very important jobs to do. TUI focus on inspiring travel, leading with ‘Nothing compares to a real holiday’, reminding people of […]

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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 AG reaches agreement on additional financing package of €1.8 billion

TUI AG has agreed with Unifirm Ltd., a syndicate of underwriting banks, KfW and the Economic Support Fund (Wirtschaftsstabilisierungsfonds – WSF) on a further financing package of € 1.8 billion for TUI. The package includes a capital increase with subscription rights of approx. € 500m; a silent participation convertible into shares of TUI by the WSF of […]

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TUI UK launche Winter 2021/22 and Summer 2022 programme as appetite for travel grows

TUI UK has launched winter 2021 and 2022 holidays and is set to put summer 2022 holidays on sale from 5th November, including thousands of free kids’ places, low deposits from £75 per person and £0 deposit on direct debit bookings made online on offer. This comes as 86% of customers surveyed in September said […]

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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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TUI Group: Further prerequisite for second stabilisation package of 1.2 billion euros

The TUI Group has fulfilled another condition for the provision of a second stabilisation package by the German federal government. Following the approval by the holders of the Senior Notes to waive certain bond conditions at the beginning of September, the German Economic Stabilisation Fund (Wirtschaftsstabilisierungsfonds, WSF) has now subscribed to the Group’s warrant bond […]

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