|Traded as||LSE: TT.|
|Headquarters||Crawley, England, UK|
|Key people||Friedrich Joussen
Sir Michael Hodgkinson
|Products||Passenger transport, travel agency, accommodation|
|Revenue||£14.46 billion (2012)|
|Operating income||£301 million (2012)|
|Net income||£137 million (2012)|
|Owner(s)||TUI AG (56.4%)|
TUI Travel PLC is an international leisure travel group listed on the London Stock Exchange. It was formed on 3 September 2007 by the merger of First Choice Holidays PLC and the Tourism Division of TUI AG, which owns 56.4% of the company, operating in 180 countries and serving 30m customers. It is headquartered in Crawley, West Sussex, England and is a constituent of the FTSE 100 Index.
The company was founded in 1923 in Berlin as Preußische Bergwerks und Hütten-Aktiengesellschaft operating in the industrial sector. In 1959 it was first listed on the Frankfurt Stock Exchange and in 1964 became Preussag. In 2000 it acquired Thomson Travel and in 2002 bought Hapag Lloyd, which itself owned the travel firm TUI (formerly Touristik Union International), and renamed itself TUI AG.
The company was founded in 1973 as Owners Abroad operating as a travel agent. It first listed on the London Stock Exchange in 1982. In 1987 it launched Air 2000 and in 1990 acquired Redwing. It changed its name to First Choice in 1994.
In July 2005, First Choice Holidays purchased the Europe Express group of companies consisting of multi-channel distribution companies including: go-today.com for direct to consumer vacation packages, E.E.I. Travel and Brian Moore International Tours (BMIT) with travel agent distribution, Travel Services Europe (TSE), the contracting division for hotels and travel services throughout Europe.
In March 2007, the merger of the travel division of TUI AG with First Choice was announced. The European Commission approved the merger on 4 June 2007, on the condition that the merged company sell Budget Travel in Ireland. The merged company, TUI Travel PLC, began operations in September 2007.
TUI and First Choice's in-house airlines, Thomsonfly and First Choice Airways, were brought together under the former's Air operator's certificate in May 2008, and the merged airline was rebranded as Thomson Airways in November 2008.
In October 2011 it was announced that under a two-year rebranding programme, the store estate would be rebranded as "Thomson featuring First Choice" to create a single travel agency brand; the First Choice branding and uniform will be phased out, and the First Choice name will be used for all-inclusive package holidays sold by the combined network.
The Company is organised into three sectors:
- Central Europe
- Northern Europe
- Western Europe
- Accommodation and Destinations
- Specialist and Activity
- Annual Report 2012
- Shareholder Information
- TUI Travel: At a glance
- "TUI and First Choice plan to merge amid competition in European travel", The New York Times (19 March 2007)
- TUI Travel History
- TUI AG Chairman Frenzel to Speak at WTM’s Captains of Industry Association of Event Organisers
- Bray, Roger (2001). Flight to the Sun: The Story of the Holiday Revolution. Cengage Learning. p. 235. ISBN 978-0826448293.
- "Europe Express & First Choice Holidays PLC Partnership". Businesswire. 8 July 2005. Retrieved 24 June 2013.
- "First Choice to tie up with TUI". BBC News. 19 March 2007. Retrieved 24 June 2013.
- "First Choice-TUI merger cleared". BBC News. 4 June 2007. Retrieved 24 June 2013.
- Simon Lambert (28 September 2007). "Tui and First Choice to merge". This is Money. Retrieved 24 June 2013.
- "FSX Thomson Airways Boeing 767-300ER". Flyaway Simulation. Retrieved 24 June 2013.
- Branwell Johnson (1 November 2011). "Thomson and First Choice to merge on high street". Marketing Week. Retrieved 24 June 2013.
- Nathalie Thomas (16 January 2013). "TUI Travel in merger talks with German parent company". The Telegraph. Retrieved 24 June 2013.
- "TUI AG CEO says no plans for merger with TUI Travel". Reuters. 15 May 2013. Retrieved 10 October 2013.
- Our business | TUI Travel PLC