TUI Group

TUI Group formed as a result of a merger by four travel businesses based in Germany, namely, Dr. Tigges-Fahrten, Touropa, Hummel Reise, and Scharnow-Reisen. The company expanded in Germany and outside (in Spain) through acquisitions. Further acquisitions and partnerships saw TUI expand into Switzerland, the Netherlands, Austria, and Belgium. In 1997, German-based Preussag Group entered the travel industry, and just a year later, it acquired TUI and renamed it to Hapag Touristik Union (HTU). However, the company resumed the name TUI Group in 2000.

The company has continued to grow its dominance in the global travel industry by acquiring new companies and rivals. TUI Group operates in Europe and North America as a tourism and hospitality company. The company owns retain stores, cruise ships, travel agencies, and airlines. Key products include package holidays, resorts, cruise lines, airlines, and charter services. The company is listed on the London Stock Exchange, where it trades as TUI and on Frankfurt Stock Exchange, where it trades as TUI1.

Latest TUI Group News

TUI share price: UBS no longer bearish on group

UBS is no longer bearish on TUI Group (LON:TUI), lifting its stance on the blue-chip tour operator in the wake of the demise of smaller London-listed peer Thomas Cook (LON:TCG). The update comes after TUI updated investors on its recent...

TUI share price surges as group updates on trading

TUI Group’s (LON:TUI) share price has climbed higher in London this morning, with investors reacting positively to news that the company’s full-year earnings guidance remained unchanged. The statement follows the collapse of smaller London-listed rival Thomas Cook (LON:TCG) yesterday. As...

TUI share price outperforms despite bigger half-year loss

Shares in TUI Group (LON:TUI) have jumped in London this Wednesday, even as the blue-chip tour operator posted a bigger loss for the first half of its financial year. The company had previously warned of a hit to profits as...

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