TUI stocks have now bottomed out as the Anglo-German travel firm staggers under the weight of a pandemic. So why is the group still afloat?
travel companies
Yikes! Thomas Cook Flops: But I Told You So Weeks Ago!
Two months ago I wrote a report about Thomas Cook’s impending failure. Experts argued. Too bad, people who did not listen lost a lot.
Are Thomas Cook and TUI Putting the Squeeze on Greek Hoteliers?
British tour operator Thomas Cook has asked Greek hoteliers to renegotiate their package deals downward even more for summer 2019
Hotelbeds Confirms European Wholesale Sales Team
Hotelbeds has announced another update on further senior management appointments for the company. According to the news, Joaquin Garcia is now Regional Director of Wholesale Sales for Northern and Centre Europe, and Luis Miguel Vazquez is the Regional Director for the South and Eastern Europe. Both will report directly to Sam Turner, the Wholesale Sales and Sourcing Director with […]
Tui – All Set to Merge
News yesterday from Fritz Joussen, CEO of the travel company Tui, reveals the Hannover, Germany company and its British subsidiary TUI Travel PLC moving forward to a proposed merger to form the world’s biggest tourism entity. With some 74 000 Employees and a market capitalization of over €6,5 Billion Euros, TUI will dwarf the competition.
Travelport Adds e-Travel Technologies
Travelport and e-Travel Technologies have just penned an agreement to bolster the former’s travel risk management services with duty of care solutions for the corporate travel market. e-Travel’s portfolio include; travel alerts, travel advisories, and travel tracker databases. These will now be made available globally to Travelport-connected travel agents.
Expedia Acquires Auto Escape Group
Expedia has just announced completing its acquisition of Auto Escape Group, a leading European car rental entity online. The acquisition from private equity fund Montefiore Investment, tell of Auto Escape Group management migrating to the booking giant’s team as well.
Vacation Home Rentals Now Part of TripAdvisor
Vacation Home Rentals has been acquired by TripAdvisor. The Massachusetts vacation rental service’s more than 14,000 properties worldwide become part of the current expansion by the world’s most prolific online travel review site.
CWT Announces Record Traveler Satisfaction
Last week, Carlson Wagonlit Travel (CWT) announced record traveler satisfaction scores for 2013. According to Carlson, customer feedback from via CWT Listens, reflect unparalleled CWT performance.
Club Med: Asia Moves May Prove Prudent
News yesterday detailed an apparent buyout bid by French insurance company AXA, and the Chinese conglomerate Fosun International to control resort chain Club Med. According to reports the major shareholders offered something on the order of $719 million have been confirmed and supported by the Club Med management team.
Acromas Holidays Shuts Doors of Tailor Made Travel
Tailor Made Travel, a division of Acromas Holidays, has officially closed up shop and will take no more bookings.
TUI Profits Down – But Europe’s Biggest Tour Company’s Spirit is UP
Europe’s leading tour operation, TUI Travel, has just announced their first half of 2013 sales figures. According to TUI losses of some £346 million were actually less than some expected. The company pointed to strong markets in the UK and in Scandinavian countries as having relieved a unprofitable Winter.
Amazing Greece and Travelers There Too
The other day I decided to use a favorite PR and publishing tool of ours, Help A Reporter Out (HARO) to gets some faves in Greece for our readers. As it turns out, even despite Greece’s economic woes, the love tourists feel for that place is stronger than ever. How can I know without a PhoCusWright study? The fastest and most enthusiastic HARO responses ever, that’s how.
Thomas Cook Sells Off North America Operations for Peanuts
Thomas Cook Group PLC has announced selling their North American operations to Canada firm Red Label Vacations Inc. According to the news, the deal was worth only $5.2 million from the firm that operates travel website www.redtag.ca.
Best Travel Reflections: March 2013
You, me, our friends and family, all of us are part of the same life drama, that is if you think about it. One thing we all witness, but not simultaneously, is the marketing and commercial display of the people and places that make up our world. Today, Argo Travel presents the best such commercial representation we’ve seen released this month – the latest video via Tui Travel’s YouTube Channel.