The TUI Group is further restructuring its traditional tour operator business and sharpening its profile. The tourism group has concluded an agreement to divest its two German specialist tour operators Berge & Meer and Boomerang Reisen to equity investor GENUI. Hamburg-based private investment firm GENUI will acquire the two companies for around 100 million euros. […]
Δείτε περισσότερα
TUI expects 2019 to be another solid year. At turnover growth of 1.7 per cent to 6.68 billion euros, the performance at the start of the year matched expectations. The underlying EBITA loss typical of the first two quarters including certain one-off effects totalled -300.6 million euros (previous year -169.7 million euros) in the reporting […]
Δείτε περισσότερα
China, South-East Asia and the Tours & Activities sector are strategic growth markets for the TUI Group. TUI and Ctrip, the leading Chinese online provider, have agreed on a strategic partnership. Ctrip’s 200 million monthly users will have direct access to the tours and activities offered by TUI’s subsidiary Musement. TUI recently acquired the Milan-based […]
Δείτε περισσότερα
After the record performance delivered in 2018, TUI Group’s start to the new financial year 2019 was in line with its own expectations: turnover growth, volume growth, but lower margins. At -83.6 million euros, the seasonal underlying EBITA loss increased year-on-year in Q1 2019 (previous year -36,7 million euros). The main reasons for the decline […]
Δείτε περισσότερα
TUI delivers a very good year 2018, as its operating result up by nearly 11 per cent. In addition, hotel and cruise subsidiaries drive growth and higher dividend proposed. According to TUI’s announcement, you can see the tour operators’ data for 2018. Transformation from traditional tour operator to tourism business again pays off Full year […]
Δείτε περισσότερα
Horst Baier (61), CFO TUI Group, will be leaving TUI Group as at 30 September 2018 after 22 years, including almost 11 years as Executive Board member. He will pass the baton to his successor Birgit Conix (52) on 1 October, at the beginning of the financial year 2019. She has been a member of […]
Δείτε περισσότερα
With the acquisition of the Italian technology start-up Musement, TUI Group has strengthened its position in the excursions, tours and activities business in the destinations. With worldwide revenues of 150 billion euros and annual growth of seven per cent, the experiences market is one of the most attractive tourism segments. TUI Group is already one […]
Δείτε περισσότερα
A good third quarter, very good nine-month results,” said Fritz Joussen, TUI Group CEO, at the presentation of the results for the completed quarter. TUI Group has delivered its second consecutive year of profitable 9M results. In the period from 1 October 2017 to 30 June 2018 and based on constant currency, underlying EBITA improved […]
Δείτε περισσότερα
TUI CEO Fritz Joussen is planning to strengthen and further expand momentum within the Group by redefining responsibilities on the Executive Board. TUI has become much more international and digital and has transformed from a classical tour operator to an integrated tourism group. Its national organisations have migrated from local brands to the global TUI […]
Δείτε περισσότερα
“We continue to deliver growth, all trends remain intact, and our very good trading performance for summer 2018 fully matches our expectations. At growth of 26 per in our operating result and seven per cent in turnover, TUI Group concludes the first half of financial year 2018 with a very strong set of results, and […]
Δείτε περισσότερα