Articles tagged “tui”

Newly Agile Thomas Cook Is Resurrected in a Pandemic to Be an Online Travel Player

Newly Agile Thomas Cook Is Resurrected in a Pandemic to Be an Online Travel Player

Matthew Parsons, Skift

New owner Fosun will be banking on people fondly remembering this historic name, rather than reflecting on its spectacular collapse just one year ago.

1 month ago

Tour Operators’ Pain Seen Through UK Businesses Suffering ‘3 Winters in a Year’

Tour Operators’ Pain Seen Through UK Businesses Suffering ‘3 Winters in a Year’

Matthew Parsons, Skift

A no-show summer and the residual impact of the pandemic has dealt the independent tour operating sector a blow it simply wasn't prepared for.

1 month ago

TUI May Sell Pieces of Its Business After Losing Nearly $1 Billion in Its Q3

TUI May Sell Pieces of Its Business After Losing Nearly $1 Billion in Its Q3

Sarah Young, Reuters

Analysts aren't buying TUI's forecast that its operations would return to normal by 2022. Meanwhile, TUI is mulling selling pieces of its business to stay solvent.

2 months ago

Airline, Hotel and Cruise Stocks Generated $1 Billion in Profits for Short-Sellers in July

Airline, Hotel and Cruise Stocks Generated $1 Billion in Profits for Short-Sellers in July

Maiya Keidan, Reuters

One industry's pain is another's pleasure. That's the stock market.

2 months ago

Booking.com Relaunches a Scaled-Down Attractions Vertical Powered by TUI’s Musement

Booking.com Relaunches a Scaled-Down Attractions Vertical Powered by TUI’s Musement

Dennis Schaal, Skift

After missteps in thinking it could grow its own attractions business and catch larger competitors, Booking.com's relaunch is the next stage in its evolution. The tours and activities sector is a lot more competitive now than it was even two years ago when Booking acquired FareHarbor. Hence, the need to reboot.

3 months ago

Travel Companies Are Hiring Despite Epic Job Losses

Travel Companies Are Hiring Despite Epic Job Losses

Dennis Schaal, Skift

Amidst the carnage, there are job openings in the travel industry. However, many of the opportunities won't get rank-and-file restaurant or hospitality workers back collecting paychecks and benefits anytime soon.

3 months ago

Is the Packaged Holiday Poised to Make a Comeback in Post-Crisis Europe?

Is the Packaged Holiday Poised to Make a Comeback in Post-Crisis Europe?

Rosie Spinks, Skift

Everyone is looking for their competitive advantage in the post-Covid crisis landscape. TUI may find its own in the very thing it's been offering for years: end-to-end packaged tours, with full control over the experience.

4 months ago

GetYourGuide CEO Highlights Google’s Alleged Failings During the Pandemic

GetYourGuide CEO Highlights Google’s Alleged Failings During the Pandemic

Dennis Schaal, Skift

GetYourGuide's Johannes Reck is underplaying the Google threat in tours and activities. Sure, Google has much larger priorities, but how much will it cost to build the GetYourGuide brand with Google controlling the airspace?

4 months ago

Booking.com Terminates Contracts With Tours and Attractions Operators

Booking.com Terminates Contracts With Tours and Attractions Operators

Dennis Schaal, Skift

TUI/Musement's new strategic partnership with Booking.com has the potential to reshuffle the powers that be in tours and activities, especially in Europe. But TUI doesn't have a stellar track record in online offerings, and much of the promise will depend on its execution.

4 months ago

European Airline, Hospitality Stocks Surge Amid Talks of Lifted Travel Restrictions

European Airline, Hospitality Stocks Surge Amid Talks of Lifted Travel Restrictions

Thyagaraju Adinarayan, Reuters

A V-shaped recovery still seems overly optimistic, but reports of eased travel restrictions and low infection rates amid businesses reopening is a strong argument for something more accelerated than an L-shaped recovery to Europe's travel sector. That was enough to convince investors.

5 months ago

TUI to Restart European Flights at the End of June

TUI to Restart European Flights at the End of June

Christoph Steitz, Reuters

Let the vacations begin — with proper social-distancing, including blocked middle seats on planes — of course.

5 months ago

TUI’s All-Or-Nothing Summer Recovery Plan Relies on Southern Europe

TUI’s All-Or-Nothing Summer Recovery Plan Relies on Southern Europe

Matthew Parsons, Skift

The tour operator has taken major steps to lower its cost base. Financially, it's prepared for the next few months, but that's counting on tourists flooding back this summer.

5 months ago