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Articles tagged “tui group”

Egyptian Tourism Entrepreneur Buys Stake in TUI

Egyptian Tourism Entrepreneur Buys Stake in TUI

Patrick Whyte, Skift

One of Warren Buffett's best known bits of investment advice is: "Be fearful when others are greedy and greedy when others are fearful.” The fundamentals for TUI still look good, so Hamed El Chiaty might have just struck a bargain deal for himself.

4 weeks ago

TUI Bets Big on Taking Thomas Cook Market Share

TUI Bets Big on Taking Thomas Cook Market Share

Patrick Whyte, Skift

TUI CEO Fritz Joussen sounded much more upbeat than he did last December. While the Max grounding continues to cause problems for the company, holiday bookings for summer 2020 have grown. For now, it thinks it has the edge on its remaining competitors.

2 months ago

TUI and Royal Caribbean Expand Cruise Partnership With $1.3 Billion Deal

TUI and Royal Caribbean Expand Cruise Partnership With $1.3 Billion Deal

Patrick Whyte, Skift

This seems like a win-win for TUI Group. It gets an established partner to help grow its luxury and expedition cruise line — while also keeping a share of the business — and at the same time it gets the cash to help pursue its digital strategy.

2 months ago

Unpacking TUI’s New Hotel Strategy

Unpacking TUI’s New Hotel Strategy

Patrick Whyte, Skift

Not only is TUI making a big bet on its own branded hotels, it wants to try and get independent hotels onto its new digital platform. How many are really going to want to get involved, and might it be better to try to fix its underperforming tour operator division?

3 months ago

TUI Looks Set for a Challenging 2020 Even Without Competitor Thomas Cook

TUI Looks Set for a Challenging 2020 Even Without Competitor Thomas Cook

Patrick Whyte, Skift

TUI continues to have ambitious plans, and its quest to move away from the traditional tour operating market seems sensible given the problems endured by one of its biggest competitors. But good intentions often get derailed by outside circumstances. Can it stay the course in 2020?

4 months ago

The Highest Paid Travel CEOs in Europe in 2018

The Highest Paid Travel CEOs in Europe in 2018

Patrick Whyte, Skift

Amadeus’ Luis Maroto came out on top in 2018. His executive compensation is appropriate, given that the company is the most valuable European travel firm.

8 months ago

TUI Takes $225 Million Hit From Boeing 737 Max Grounding

TUI Takes $225 Million Hit From Boeing 737 Max Grounding

Christopher Jasper , Bloomberg

The Max grounding was always going to have consequences for airlines and travel companies that had a big exposure to the aircraft. TUI, and others, will be hoping the delays don't last too long.

1 year ago

Does a Tour Operator Really Need Its Own Airline?

Does a Tour Operator Really Need Its Own Airline?

Patrick Whyte, Skift

TUI clearly thinks having an airline is crucial, but what about its big rival Thomas Cook?

1 year ago

TUI Group Turns Toward Online Bookings as It Revamps Its Business

TUI Group Turns Toward Online Bookings as It Revamps Its Business

Patrick Whyte, Skift

It turns out TUI isn't immune to the challenges the rest of the European travel market is facing.

1 year ago

TUI’s Big Play in Tours and Activities

TUI’s Big Play in Tours and Activities

Patrick Whyte, Skift

When someone with the scale of TUI gets serious about something, you know it's a big deal. Now that it has got the right technology, it should be an easy win for a company with such a massive customer base.

1 year ago

How TUI Weathered Europe’s Summer Heat Wave

How TUI Weathered Europe’s Summer Heat Wave

Patrick Whyte, Skift

TUI seems to have mitigated the potential damage from a challenging operating environment. It will be interesting to see how it sustains its growth over the coming years.

1 year ago

Struggling Thomas Cook Warns on Profits — Again

Struggling Thomas Cook Warns on Profits — Again

Christopher Jasper and Anthony Palazzo, Bloomberg

The drip, drip feed of bad news continues for Thomas Cook. You've got to worry for the company given Brexit is just around the corner.

1 year ago