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Articles tagged “tui group”

Business Travel

TUI’s Bailouts Top Nearly $6 Billion With Third Rescue Deal for Travel Giant

It's got its hands on almost $6 billion so far this year, but that comes at a cost. After giving Lufthansa a substantial lifeline, the German government will likely stamp more authority on this latest rescue deal.

TUI’s Bailouts Top Nearly $6 Billion With Third Rescue Deal for Travel Giant

Business Travel

TUI Scraps Vacation Packages Until Mid-May and Cruises Until June

The UK's biggest travel firm has paused and canceled all hotel stays and vacation packages until May 14. It has put Marella Cruises sailings on hold until June. A new TUI River Cruise product won't start until November. Sensible.

TUI Scraps Vacation Packages Until Mid-May and Cruises Until June

Business Travel

Egyptian Tourism Entrepreneur Buys Stake in TUI

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.

Egyptian Tourism Entrepreneur Buys Stake in TUI

Business Travel

TUI Bets Big on Taking Thomas Cook Market Share

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.

TUI Bets Big on Taking Thomas Cook Market Share

Cruises

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

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.

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

Hotels

Unpacking TUI’s New Hotel Strategy

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?

Unpacking TUI’s New Hotel Strategy

Business Travel

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

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?

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

Tourism

The Highest Paid Travel CEOs in Europe in 2018

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.

The Highest Paid Travel CEOs in Europe in 2018

Business Travel

Does a Tour Operator Really Need Its Own Airline?

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

Does a Tour Operator Really Need Its Own Airline?

Business Travel

TUI Group Turns Toward Online Bookings as It Revamps Its Business

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

TUI Group Turns Toward Online Bookings as It Revamps Its Business