News that Greek hoteliers are over a barrel because TUI AG has not yet to pay millions of euros to certain hotels, comes as little surprise.
This week in Greece, citizens are emerging from a weeks long lockdown. Meanwhile, TUI and other big travel businesses push ahead hard.
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.
TUI Travel PLC’s CEO talks about what’s to come in 2013, as well as profitably for 2012. There’s a lot to be said for TUI, sunshine, and smiles – out of the gloomy forecast, some TUI brightness appears to shine.
A brief announcement from TUI Travel, TUI Travel is slated to issue their financial results for the period ending 31 December via conference call on Thursday, 7 February 2013.
TUI Travel PLC just announced today their reaching an agreement with TUI AG and subsidiary Magic Life to acquire six companies Magic Life leases and manages through.
Russian billionaire steel tycoon Alexei Mordashov has increased his stake in German tourism group TUI. Mordashov raised his stake to above 20 percent from just above 15%. The transaction was made via his S-Group holding company. In TUI’s latest corporate documents, it is clear the company intends massive expansion into the Russian Federation.