TUI Travel
| TUI Travel PLC
|
|
|---|---|
 |
|
| legal form | public limited company |
| ISIN | GB00B1Z7RQ77 |
| founding | 2007 |
| resolution | 2014 |
| Reason for dissolution | Merger with TUI AG |
| Seat | Crawley , UK |
| management | Peter Long ( CEO ) Friedrich Joussen ( Chairman ) |
| Number of employees | 55,406 (2013) |
| sales | 15051000000 GBP (2013) |
| Branch | tourism |
| Website | www.tuitravelplc.com |
TUI Travel PLC was a European tourism group, composed of the tourism division of the German TUI AG and the British First Choice Holidays plc. The company previously listed on the London Stock Exchange was listed in the FTSE 100 . In mid-December 2014, TUI Travel PLC merged as a subsidiary with the parent company TUI AG.
history
On March 19, 2007, TUI AG announced a merger of its tourism division with the British First Choice Holidays . The merger to form TUI Travel PLC was approved by the EU Commission on June 29, 2007. First Choice Holidays shareholders approved the merger on July 25, 2007. The new shares in TUI Travel PLC were first traded on September 3, 2007 on the London Stock Exchange . TUI Travel was fully included in the consolidated financial statements of TUI AG. First Choice Holidays was originally supposed to be completely taken over by TUI AG, but since the capital was insufficient for a complete takeover, TUI AG agreed with the owners of First Choice Holidays to found TUI Travel PLC, in which TUI AG had a stake of 54 percent and the owners of First Choice Holidays held 46 percent.
The new TUI Travel was led by First Choice boss Peter Long as Chief Executive Officer (CEO). TUI boss Friedrich Joussen acted as chairman or supervisory board chairman .
On June 27, 2014, TUI AG announced that it would merge with TUI Travel in the form of a share swap . The shareholders of TUI Travel PLC received 0.399 shares in TUI AG for each share held. The merger was completed on December 17, 2014.
Group structure
TUI Travel was divided into regions , areas and divisions .
Regions
TUI Travel mainly had the following three regions:
- TUI Central Europe (Germany, Austria, Switzerland, Russia and Ukraine)
- TUI Northern Europe (Great Britain, Ireland, Scandinavia)
- TUI Western Europe (France, Belgium, Netherlands)
Areas
TUI Travel had the following areas:
- Mainstream - sale of flight, accommodation and tourist services
- Specialist Holidays - country specialists, premium trips and life days
- Activity - yacht, adventure and adventure vacation
- Online Destination Services - Online Services
Divisions
TUI Travel had the following divisions:
- Airlines
- Tour operator
- Travel agencies
- Incoming agencies
- Hotel management
TUI Airlines airlines
The airlines were grouped under TUI Airlines . In addition to TUIfly in Germany, this included the British Thomson Airways (merger of First Choice Airways and Thomsonfly ) and four other smaller airlines. TUI Airlines comprises over 150 aircraft.
Tour operator
TUI Travel had several travel companies and brands in Central Europe:
- Germany: TUI Deutschland GmbH
- Boomerang Travel - Individual travel to Oceania, Africa, South and North America
- 1-2-FLY - young families
- Discount Travel - package flights to the Mediterranean
- airtours - air and vacation travel
- Gebeco - country and study trips
- Dr. Tigges - country and study trips
- L'TUR - last minute
- OFT Travel - Egypt + Middle East
- Wolters Reisen - holiday homes and apartments
- atraveo - holiday home portal
- Mountains & Sea Tourism (ex EVS Holding)
- Mountains & Sea - direct travel sales
- FOX-Tours - direct travel sales
- Touropa - online travel agent
- Austria: Gulet Touristik, TUI Austria, Terra Reisen
- Switzerland: TUI Suisse, brands TUI, airtours and 1-2-Fly
- Poland: TUI Poland
- Denmark: Sportsrejser, Startour and TEMA
- Finland: Finnmatkat and TEMA
- Great Britain: Specialist Holidays Group, Thomson and TUI UK
- Ireland: Budget Travel and Specialist Holiday Group
- Norway: Sportreiser, Startour and TEMA
- Sweden: Fritidsresor , Sportresor, TEMA and TUI Nordic
- Russia: TUI Russia & CIS
- Ukraine: TUI Ukraine
- China: TUI China
- France: Nouvelles Frontières, TUI France, JV and Touraventure
- Belgium: Jetair and TUI Belgium
- Netherlands: Arke, Holland International, KRAS and TUI Nederland
Travel agencies
- Germany: TUI Leisure Travel (TUI ReiseCenter, FIRST Travel Agency, Hapag-Lloyd Travel Agency, Discount Travel, World of TUI Reise-ErlebnisCenter Berlin), TUI Travel Star (50% stake and 50% RT-Reisen GmbH), Touristik Express, Master Yachting GmbH
- Austria: TUI ReiseCenter
- Poland: TUI CentrumPodrózy, Scan Holiday
- Switzerland: Brands of TUI Suisse Retail Ltd: TUI ReiseCenter, TUI Agence de Voyages, TUI Premium Travel
- Denmark: StarTour
- Finland: Oy Finnmatkat
- Great Britain: Thomson Holidays, Austravel, Caller-Pegasus Travel Service
- Ireland: Budget Travel
- Norway: StarTour Stjernereiser
- Sweden: Fritidsresor Sverige
- France: Nouvelles Frontières, Havas Voyages
- Belgium: Nouvelles Frontières Belgique, Sunjets, TUI Travel Center
- Netherlands: World of TUI Reisbureau, KRAS Reisbureau
- Russia: TUI Турагентство
- Ukraine: TUI Турагенція
Incoming agencies
TUI Travel operated the following incoming agencies :
- Egypt: Travco Group
- Bulgaria: TUI Bulgaria
- China: TUI China Travel
- Dubai: Travco Dubai
- Dominican Republic: TUI Dominicana
- Greece: TUI Hellas Travel
- Israel: Holiday Travel
- Italy: Serenade Tours (art cities), Acampora (southern Italy)
- Kenya: Pollman's Tours and Safaris
- Croatia: Gulliver Travel
- Lebanon: Aeolos Leban
- Malta: TUI Malta
- Morocco: Holidays Services
- Mauritius: Summertimes
- Mexico: Mex-Atlántica Tours
- Namibia: ATC Namibia
- Austria: TUI Incoming Austria
- Oman: Travco Oman
- Portugal: TUI Portugal
- Romania: Danubius Travel
- Russia: Svoy TT
- Spain: TUI España Turismo
- Sri Lanka: Aitken Spence Travels
- South Africa: ATC African Travel
- Tanzania: Ranger Safaris
- Tunisia: Tunisie Voyages
- Turkey: Tantur Turizm (TUI Türkiye)
- Cyprus: Aeolos Travel
Hotel management
TUI Travel operates the following hotel brands:
- Sensimar
- Pegasos Resort (since 2010 summer season)
- Blue Collection 2009-2010
- Magic Life (from winter season 2010/2011)
- PURA vida (from summer season 2011)
- Suntopia
Structural data
The new TUI Travel PLC was active in 20 countries, had over 27 million customers and a turnover of around 18.1 billion euros, of which around 14.1 billion euros from TUI AG and around 4 billion euros from First Choice Holidays.
The travel group had around 47,000 employees (33,000 TUI AG + 14,000 FCH), over 3,500 travel agencies and over 101 tour operator brands. TUI Travel had seven airlines with over 150 aircraft ( TUIfly , TUI Airlines and First Choice Airways ). In the 2010/2011 financial year, TUI Travel generated a profit of £ 471 million .
Web links
- Website TUI Travel (English)
Individual evidence
- ↑ a b Annual Report 2013
- ↑ Press release of March 19, 2007
- ↑ Hans-Jürgen Klesse: Tui AG wants to swallow Tui Travel. Wirtschaftswoche, June 27, 2014, accessed on June 27, 2014 .
- ↑ history . company.tui.com, accessed November 25, 2015.
- ↑ http://de.reuters.com/article/companiesNews/idDEBEE7B407L20111205