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TUI has the European travel business cornered. Through its tourism umbrella of companies, TUI holds a 51% stake in TUI Travel, which sells leisure travel packages and provides other travel services under some 200 brands in more than 20 countries. TUI Travel owns about 3,500 retail travel stores across Europe and operates a fleet of more than 150 aircraft. TUI's tourism segment also includes hotels and resorts (about 240 hotels including brands such as Riu, Grupotel, Robinson, Magic Life, and Grecotel) and cruise operations (4 ships). In order to focus on its travel services operations, TUI has sold its container shipping operations and has reduced its stake in Hapag-Lloyd, a former subsidiary, to 43%.
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| | | Contact Information | |
Address: |
Karl-Wiechert-Allee 4
D-30625 Hannover, Germany
| | Phone: | +49-511-566-00 | | Fax: | +49-511-566-1901 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 26377.80 M | | Revenue Growth (1 yr): | (-18.00%) | | Employees (2007): | 68,521 | | Employee Growth (1 yr): | 27.10% |
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Key People
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Chairman, Supervisory Board:
Jürgen Krumnow
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CEO:
Michael Frenzel
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Executive Director Finance:
Rainer Feuerhake
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