TUI Group

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TUI Group
Formerly called
Preussag AG (1923-2002)
Aktiengesellschaft
Traded as FWBTUI1
LSEAG TUI AG
Industry Hospitality, Tourism
Founded 1923; 94 years ago (1923)
Headquarters Hannover, Germany
Area served
Global
Key people
Friedrich Joussen
(CEO)
Products Charter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts
Services Travel agencies
Revenue €20,011.6 million (2015)[1]
€535.4 million (2015)[1]
Profit €379.6 million (2015)[1]
Number of employees
~76,000 (2015)[2]
Website www.tuigroup.com

TUI Group (German: TUI (Touristik Union International) Aktiengesellschaft) is a multinational travel and tourism company headquartered in Hanover, Germany.[3] It is the largest leisure, travel and tourism company in the world,[4] and owns travel agencies, hotels, airlines, cruise ships and retail stores. The group owns six European airlines - the largest holiday fleet in Europe - and nine tour operators based in Europe.

TUI is jointly listed on the Frankfurt Stock Exchange and the London Stock Exchange as a constituent of the FTSE 100 Index.

History[edit]

The origins of the company lie in the industrial and transportation company, Preussag AG, which was originally formed as a German mining company. It was incorporated on 9 October 1923, as Preußische Bergwerks- und Hütten-Aktiengesellschaft (Prussian Mine and Foundry Company). In 1927 it was merged with the Ruhr coal company, Hibernia AG, and electricity utility to become the Vereinigte Elekrizitäts und Bergwerks AG (VEBA AG) (United Electrical and Mining Company).

With the sale of Salzgitter AG and purchase of the navigation and logistics company Hapag-Lloyd AG in 1997, Preussag AG became a global enterprise in the service and leisure industry. In addition the company acquired 25% of Thomas Cook shares in 1997, which it doubled the following year. On 2 February 1999, the Carlson Leisure Group merged with Thomas Cook into a holding company owned by the German bank, Westdeutsche Landesbank, Carlson Inc and Preussag.[5] However, in mid-2000 Preussag acquired Thomas Cook's rival Thomson Travel and was forced to sell its majority 50.1% stake in Thomas Cook by regulatory authorities.

Its logistics activities, concentrated in the shipping sector, were kept separate and bundled within Hapag-Lloyd AG. A majority stake in Hapag-Lloyd was sold to the Albert Ballin consortium of investors in March 2009[6] and a further stake was sold to Ballin in February 2012, as TUI worked to exit from the shipping business and to optimize its tourism business with expansion in Russia, China and India.[7]

TUI announced a merger of its travel division with the British tour operator First Choice in March 2007,[8] which was approved by the European Commission on 4 June 2007, on the condition that the merged company sell Budget Travel in Ireland.[9] TUI held a 55% stake in the new company, TUI Travel PLC, which began operations in September 2007.[10]

In June 2014 the company announced it would fully merge with TUI Travel to create a united group with a value of $US9.7 billion.[11] The merger was completed on 17 December 2014 and the combined business began trading on the Frankfurt and London stock exchanges.[12]

Operations[edit]

The former TUI logo, introduced in 2002.
TUI head office in Hannover

The new TUI Group has:[13]

  • Some 76,000 employees
  • 1,800 travel agencies
  • 6 airlines with 130 aircraft
  • 300 hotels and resorts

Tour operators[edit]

Airlines[edit]

TUI Group owns six European airlines, inherited from TUI Travel, making it the largest tourism group in Europe. The group airlines operate both scheduled and charter flights to more than 150 destinations worldwide departing from more than 60 airports in 9 European countries. TUI Airlines carries millions of holiday travellers and business passengers every year.

In May 2015 the TUI Group announced to rebrand its existing five airline brands under one airline banner in the course of the coming years, to be titled ‘TUI’. Arkefly, Jetairfly, Thomson Airways, TUIfly and TUIfly Nordic will maintain the separate air operator's certificates (AOCs), but will operate under "one central organisation" with "one engineering & maintenance function." [14]

Airline Country Image Description
Corsair International Flag of France.svg France F-HCAT A330 Corse Air new cs (8009757005).jpg Corsair International flies to 15 destinations in French overseas territories around the Mediterranean, Thailand, Africa, and North America. It is the only TUI Group airline not wearing the TUI livery. It was formerly known as Corsairfly, and rebranded to Corsair International in early 2012. The airline has been excluded from the TUI rebrand project.[15]
Thomson Airways Flag of the United Kingdom.svg United Kingdom G-FDZD B737-8K5W Thomson Aws(Dreamliner c-s) PMI 01JUN13 (8912364947).jpg Thomson Airways is the largest of the TUI airlines and the largest charter airline in the world. It has 64 aircraft and flies from 26 British airports to 109 destinations worldwide. It was formed by the merger of Thomsonfly (formerly Britannia Airways) and First Choice Airways. It is the only TUI Group airline in the rebrand project that has not yet fully rebranded. However Thomson will rebrand to the TUI name at some point in 2017.
TUI fly Belgium
(formerly Jetairfly)
Flag of Belgium.svg Belgium Jetairfly - OO-JEB "Navigator".png TUI fly Belgium has operated since March 2004 to more than 105 destinations around Europe, the Red Sea, Caribbean, Canary Islands, US and Africa. Since 2012 it has operated scheduled flights as well as charter services. It was formerly known as Jetairfly, rebranded to TUI fly Belgium in late 2016.
TUI fly Deutschland
(formerly TUIfly)
Flag of Germany.svg Germany TUIfly 738 D-ATUM 170414.JPG TUI fly Deutschland has operated since 1972, under the name Hapag-Lloyd Flug, and rebranded to TUIfly in 2007. It has yet again rebranded as TUI fly Deutschland. It has 40 aircraft, flying to 39 destinations.
TUI fly Netherlands
(formerly Arkefly)
Flag of the Netherlands.svg Netherlands PH-TFL (24746044299).jpg Since 2005, TUI fly Netherlands has operated charter flights from Amsterdam Schiphol Airport to destinations in Southern Europe, North Africa, the Caribbean, and Latin America. It was formerly known as Arkefly, rebranded to Arke in 2013, and rebranded again to its current name in 2015.
TUI fly Nordic Flag of Sweden.svg Sweden Boeing 737-8K5(w) ‘SE-RFY’ TUIfly Nordic (24754022171).jpg TUI fly Nordic flies from Sweden, Denmark, Finland and Norway. They fly holidaymakers travelling with the following tour operators; TUI Sverige (Sweden), TUI Finland (Finland), TUI Norge (Norway) and TUI Danmark (Denmark). There was a slight name change, from TUIfly Nordic to TUI fly Nordic.

Cruise lines[edit]

Sponsorship[edit]

TUI sponsored Bundesliga club Hannover 96. The airline branch TUIfly's main hub is at Hannover-Langenhagen Airport and it had sponsored the football team since the 2002-2003 season. On 31 March 2011, TUI announced Hannover 96 would be playing "with a smile on their chest" for another 3 years, as it extended the sponsorship contract. The current sponsor contract ran out, but it made TUI the longest running association with any of the 18 Bundesliga teams, with 12 years as the sponsor. As part of the sponsorship TUI was the shirt sponsor, as well as having had advertisements on the perimeter fencing of the AWD-Arena, Hannover's home stadium. There was also advertising in the stadium, on the billboards by the pitch and banners around the stadium, and TUI will also remain the sponsor of the Hannover 96 Soccer School.[16]

References[edit]

  1. ^ a b c "Annual Report 2014/15" (PDF). TUI Group. Retrieved 27 March 2016. 
  2. ^ "About TUI". TUI. Retrieved 27 March 2016. 
  3. ^ "Contact TUI Group." TUI AG. Retrieved on 29 May 2009.
  4. ^ "TUI forges World's biggest tourism operator." TUI AG. Retrieved on 29 October 2014.
  5. ^ "WESTDEUTSCHE LANDESBANK / CARLSON / THOMAS COOK (Merger) [1999] ECComm 26 (8 March 1999)". www.worldlii.org. Retrieved 2015-12-02. 
  6. ^ Kuehnen, Eva (23 March 2009). "TUI AG completes sale of Hapag-Lloyd unit". Reuters. Retrieved 8 August 2010. 
  7. ^ "TUI AG set to agree Hapag-Lloyd deal this week". 12 February 2012. 
  8. ^ "First Choice to tie up with TUI". BBC News. 19 March 2007. Retrieved 24 June 2013. 
  9. ^ "First Choice-TUI merger cleared". BBC News. 4 June 2007. Retrieved 24 June 2013. 
  10. ^ Simon Lambert (28 September 2007). "Tui and First Choice to merge". This is Money. Retrieved 24 June 2013. 
  11. ^ "Tui Travel agrees to merger with German majority stakeholder". International Travel News. Retrieved 17 December 2014. 
  12. ^ Young, Sarah (17 December 2014). "TUI Travel, TUI AG merger completes". Reuters. Retrieved 17 December 2014. 
  13. ^ "The World's number one integrated tourism business – New TUI Group begins trading on the stock exchange". 17 December 2014. Retrieved 17 December 2014. 
  14. ^ "TUI Group announces rebranding of airline operations". 14 May 2015. 
  15. ^ "Arke Fly kicks off TUI Group rebranding exercise". ch-aviation. Retrieved 2017-02-28. 
  16. ^ "TUI extends contract as main sponsor of Hannover 96". TUIfly. 31 March 2011. Retrieved 31 March 2011. 

External links[edit]