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
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.