Articles tagged “tui group”

News Blog

TUI Raising $1.9 Billion to Settle Corona State Aid Debt

TUI is closer to settling the substantial financial aid it received from German authorities during the pandemic.  TUI chief financial officer Mathias Kiep said the company made an important step back to profitability by launching its intended $1.9 billion capital raise in a LinkedIn post on Friday, 24 March. "On the back of our strong operational recovery and following…

Selene Brophy | 2 days ago

Online Travel

TUI Drives Loyalty Through New Connected Trip Tours

The promise of a "connected trip" has become like the buffering wheel on a lagging digital screen. But a soft launch of a new TUI Tours platform could be one to watch in the push for flexible, frictionless travel booking.

Selene Brophy | 3 weeks ago

TUI Drives Loyalty Through New Connected Trip Tours

Tour Operators

Intrepid Travel Removes Wildlife Experiences Not Aligned With Its Animal Welfare Policy

Implementing responsible tourism policies requires constant regulation, something Intrepid knows all too well. The company has just audited its 140-plus wildlife tours to maintain its ethical practice standards.

Selene Brophy | 1 month ago

Intrepid Travel Removes Wildlife Experiences Not Aligned With Its Animal Welfare Policy

Tour Operators

TUI Doubles Down on Flexible Tour Packages to Help Reverse Losses

Early bookings for the summer period ahead are picking up, with $4 billion in first-quarter revenues giving the TUI executive team confidence in its so-called dynamic product strategy to recover market share in some markets and grow it significantly in others.

Selene Brophy | 1 month ago

TUI Doubles Down on Flexible Tour Packages to Help Reverse Losses

Luxury

TUI Sees Luxury Travel Demand Boost Sales

Despite the recessions in many European countries, demand for luxury travel this winter is higher than it was in the corresponding 2019 period before the pandemic, TUI says. Strong revenue might help TUI attract a new shareholder, which it's looking for.

Klaus Lauer and Rachel More, Reuters | 2 months ago

TUI Sees Luxury Travel Demand Boost Sales

News Blog

A New CIO Is Latest C-Suite Change at TUI

Top-level leadership changes at Tour operator TUI continue as the German-headquartered firm confirmed the appointed a new Chief Information Officer, Pieter Jordaan.  Jordaan, a South African, has been with the company for eight years and has worked on the modernization of TUI's IT infrastructure and cloud strategy. The previous CIO Marc Jennings was in the role…

Selene Brophy | 3 months ago

Tour Operators

TUI Agrees to Repay German Government $775 Million of Bailout Money

While the substantial assistance TUI received from German authorities helped the tour operator remain afloat during the pandemic, getting all that aid definitely didn't come cheap for the world's largest tour operator.

Ludwig Burger, Reuters | 4 months ago

TUI Agrees to Repay German Government $775 Million of Bailout Money

Tourism

TUI Puts Focus on Selling Other Brands to Hedge Against Future Downturns

The tour operator sees a bright future in selling more holidays that travelers can build on their own versus pre-packaged trips — and that includes offering them more brands.

Matthew Parsons | 8 months ago

TUI Puts Focus on Selling Other Brands to Hedge Against Future Downturns

Tour Operators

TUI Aims to Return to Profits Off High Prices and Strong Demand

Only the CEO of the world's largest tour operator could see the upside in rising oil and gas prices, as Fritz Joussen warns there won't be any cheap deals to be had this year.

Zuzanna Szymanska, Reuters | 11 months ago

TUI Aims to Return to Profits Off High Prices and Strong Demand

News Blog

TUI Group’s $4 Billion Turnaround

Tour operator TUI has boosted its 2022 first-half revenue by $4 billion. Posting its 2022 first-half results on Wednesday, which cover the period from Oct. 1, 2021 to March 31, 2022, the company said group revenue was $4.75 billion — an increase of $4 billion compared to the same six months in the previous year.…

Matthew Parsons | 11 months ago