Articles tagged “tui”

Fosun Swoops on Thomas Cook Brand Names

Fosun Swoops on Thomas Cook Brand Names

Patrick Whyte, Skift

Given Fosun's desire to help keep Thomas Cook afloat, the news shouldn't come as a surprise, especially since the Chinese company's Foliday ecosystem features the storied brand name.

3 weeks ago

What Is the Future of Packaged Vacations After Thomas Cook’s Collapse?

What Is the Future of Packaged Vacations After Thomas Cook’s Collapse?

Dennis Schaal, Skift

Package holidays are changing and under pressure, but in markets such as the UK, Germany, China, and Canada, these offline options still have their place. Failure to adapt was a contributing factor in Thomas Cook's demise, but there were a whole bunch of other things going on as well.

2 months ago

Debt, Egos and Bad Decisions: How Thomas Cook Failed to Adapt to a New Era of Travel

Debt, Egos and Bad Decisions: How Thomas Cook Failed to Adapt to a New Era of Travel

Patrick Whyte, Skift

Thomas Cook's collapse was a disaster played out in slow motion. An ill-fated acquisition spree, a bloated retail footprint, and a commoditized product left it unable to deal with changes in consumer behavior and economic shocks.

2 months ago

TUI Profit Takes a Hit From Max Grounding

TUI Profit Takes a Hit From Max Grounding

Patrick Whyte, Skift

The Max grounding overshadowed a decent set of results. TUI will be hoping the safety issues are ironed out well in advance of next summer, the period when profits can be the most robust.

3 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.

4 months ago

How Sunweb Is Taking On Europe’s Biggest Tour Operators

How Sunweb Is Taking On Europe’s Biggest Tour Operators

Patrick Whyte, Skift

Package holidays are still popular across much of Europe, and companies like Sunweb think there are plenty of opportunities for growth. Buying up rival tour operators helps with scale, as does the struggles of a competitor like Thomas Cook.

4 months ago

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

Patrick Whyte, Skift

Announcing such a big loss is not a good look for any company, but Thomas Cook management will be hoping they've got all of the bad news out at once and use some breathing space to shore things up.

6 months ago

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

Patrick Whyte, Skift

TUI's global plans are ambitious and bring it into direct competition with strong local online players, but as the CEO said, it only needs a relatively small number of customers to fulfill its needs.

6 months ago

Why TUI Favors an Asset-Heavy Approach

Why TUI Favors an Asset-Heavy Approach

Patrick Whyte, Skift

TUI's ownership of all parts of the vacation journey makes it a formidable force in the industry. But the strategy doesn't come without its own risks.

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.

8 months ago

Lastminute.com Goes After TUI With Vacation Push

Lastminute.com Goes After TUI With Vacation Push

Patrick Whyte, Skift

While traditional tour operators might not offer the flexibility that Lastminute.com does with its package vacations, they do have an advantage in terms of exclusivity.

8 months ago

TUI Group Sells Its Only Non-Charter Airline

TUI Group Sells Its Only Non-Charter Airline

Patrick Whyte, Skift

TUI's charter airlines remain an essential part of the overall tourism business, but Corsair has never been a good fit. The German tourism giant has tried to sell the carrier before and has finally found a buyer.

8 months ago