News from the upcoming WTM London, Dr. Michael Frenzel, Chairman of TUI AG, is slated to be the headline speaker for the Captain’s of Industry Lunch on day one of the 2012 event.
TUI
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.
The Line on Skiline and Other Ski Vacation Sites
With the Winter travel season almost upon us, news from Sliline, a leading UK ski holiday site, offers the first of this year’s ski news snippets. The company’s launch of a new user friendly site, and other value propositions aims to awaken hybernating snowboarders and skiers to upcoming travel deals.
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.
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.
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