TUI Group has announced cutting 8,000 jobs in an effort to reduce costs amid the coronavirus crisis, even as stocks plummet farther.
TUI Travel
TUI Temporarily Quits Operations Over COVID-19 Pandemic
TUI has temporarily suspended most of its travel operations due to the Covid-19 pandemic. Company spokespersons say the move is a “compliance” and “industry adjustment” move. The news comes as the whole industry is in a state of shock as to “next moves.” TUI is on a shortlist of companies investing gurus say may be […]
UK Family Outraged Over TUI Downgrade on Crete
UK travelers to Crete are outraged at TUI for room-description muck-ups and downgrades.
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
TUI Group Thinking Positive Amid Loss
In news from TUI Group, the company reports good financials for the start of 2017, with some loss from 2016. According to TUI, underlying EBITA rose by 17 per cent to a loss of €66.7 million in the period from October to December 2016, which was an improvement over the previous year.
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.
TUI Thompson Finalizes Aphrodite Hills Offering
In a deal signed yesterday, TUI has captured one of Cyprus’ premier properties, the Sensatori Resort Aphrodite Hills near Paphos.
TUI Travel PLC Announces Possible Merger
TUI Travel PLC, one of the largest tour operators in Europe, has just made an official statement regarding recent speculation over a proposed merger that would see it join forces with parent company TUI AG.
TUI Thomson Adds MyThomson Excursion App
Have you tried the new app from TUI? Thomson launched their MyThomson smartphone app for free download last Friday without too much fanfare, but discount vouchers and a wealth of info on destination excursions should have brought out more party poppers. Let’s take a look at the app.
TUI & ITS To Stay in Romania
Good news for Romania tourism, leading tour operators TUI and ITS have decided not to withdraw from the market there for the coming year. According to the news, the Romanian Ministry of Tourism and Regional Development’s (MDRT’s) recent talks with the German companies ended in success apparently.
Hotelbeds Drives Revenue – Gets Rebrand
TUI Travel’s Hotelbeds wholesaler platform says sales may increase by as much as 25 percent this year. Expansion plans for the Americas and Asia were also announced as one of TUI’s most successful arms flexes its muscles.
TUI Travel to Promote Montenegro in England
TUI Travel told the media today, at a press conference in Budva, that the company is planning on promoting Montenegro more in England.
TUI Acquires Underwater Magic Life Assets
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.
Egypt Launches Initiative to Boost Tourism
Egypt yesterday announced plans to roll out a travel recovery plan in the tourism-dependent country, following the political upheaval over the last couple of months which saw President Hosni Mubarak removed from power and tourists desert the nation in their droves.
TUI Travel Gains Confidence and Russian Investment
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.
TUI Travel Value Tumbles
TUI Travel accepts CFO resignation amid almost scandalous restating of financials. CEO Peter Long and CFO Paul Bowtell talk, after which Bowtell announces his resignation. A restated financial report reveals a fairly vast accounting error – stocks decline on the news.