Articles tagged “tui travel”

TUI Sells Hotelbeds for $1.3 Billion to Private Equity and Pension Fund Group

TUI Sells Hotelbeds for $1.3 Billion to Private Equity and Pension Fund Group

Dave McCombs and Crayton Harrison, Bloomberg

TUI is making greater efforts to move out of the crowded online space and focus on its travel products.

3 years ago

Cinven Reportedly Close to Acquiring TUI’s Hotelbeds

Cinven Reportedly Close to Acquiring TUI’s Hotelbeds

Aaron Kirchfeld, Ruth David and Manuel Baigorri , Bloomberg

About six months after TUI initially announced it would sell Hotelbeds, it looks like it's finally close to securing a sale to Cinven. TUI's decision to sell is just further proof of how difficult it is to run an online travel agency when your competition includes the likes of Expedia and Booking.com.

3 years ago

TUI Wants to Sell Its Hotelbeds Online Booking Business

TUI Wants to Sell Its Hotelbeds Online Booking Business

Aaron Kirchfeld and Richard Weiss, Bloomberg

If you're not Expedia or Booking.com, it's a much more challenging world this year.

3 years ago

TUI Narrows Quarterly Losses Thanks to Hotel, Cruise Sales

TUI Narrows Quarterly Losses Thanks to Hotel, Cruise Sales

Kari Lundgren, Bloomberg

TUI can be expected to drop all elements of its business that are not actively adding to bottom line as the newly merged company seeks to quickly cut losses and increase earnings.

4 years ago

TUI Travel Shareholders Approve Merger with TUI AG

TUI Travel Shareholders Approve Merger with TUI AG

Richard Weiss, Bloomberg

We're glad this merger is happening, if only for simplicity's sake.

4 years ago

TUI Tries To Exit Disastrous Italian Vacation Home Project

TUI Tries To Exit Disastrous Italian Vacation Home Project

Richard Weiss , Bloomberg

TUI AG is weaning itself away from projects and brands that it doesn't consider part of the way forward, post-merger. Although TUI has expertise in hotels, developing a vacation-home community such as Castelfalfi was a whole different animal.

4 years ago

Germans’ Post-World Cup Vacations Drive TUI Travel’s Profits

Germans’ Post-World Cup Vacations Drive TUI Travel’s Profits

Kari Lundgren, Bloomberg

TUI still has some sorting to do to get the company running smoothly, but a boost in business makes that easier.

4 years ago

EU Orders European Low-Cost Carriers to Pay Back Illegal Subsidies

EU Orders European Low-Cost Carriers to Pay Back Illegal Subsidies

Aoife White, Bloomberg

It's a small slap for the airlines that's made easier this week by the pain the old-school carriers are going through on the labor front.

4 years ago

The Merger of TUI’s Travel Operations Will Value New Company at $8.4 Billion

The Merger of TUI’s Travel Operations Will Value New Company at $8.4 Billion

Tom Lavell, Bloomberg

The combined business will be the world's largest tour operator and should bring cost efficiencies and new focus as the new TUI goes about shedding non-core assets.

4 years ago

Owning Hotels and Ships Proves Good Business for TUI

Owning Hotels and Ships Proves Good Business for TUI

Richard Weiss, Bloomberg

TUI AG owns or leases a half dozen hotels and resorts, including RIU, Robinson and Iberotel, and saw this unit's profits climb 32% in the past nine months. Why bother contracting with third-party hotels when you can fill your own rooms at hefty margins?

4 years ago

Pricier Packages and Increased Online Bookings Boost TUI Travel’s Q3 Profit

Pricier Packages and Increased Online Bookings Boost TUI Travel’s Q3 Profit

Robert Weiss, Bloomberg

After all the cuts, sell offs and consolidations, Europe's tour giants are finally seeing good(ish) news.

4 years ago

TUI Cruises Has $2.7 Billion to Spend on New Ships

TUI Cruises Has $2.7 Billion to Spend on New Ships

Richard Weiss, Bloomberg

As Europe goes gray, cruising will take a bigger chunk out of tourism spending on the continent's seas and rivers.

4 years ago