Hiring boom: TUI recruits over 1,500 new people in digitalisation push April 5, 2022 TUI announced today it was hiring more than 1,5000 new people as part of its digitalisation push. Under the new recruitment plan, 500 people will be hired to work in the company’s technology and e-commerce divisions, while more than 1,000 will be stationed at holiday destinations. “TUI has continued to invest in the digitalisation of [...]
TUI’s summer demand grows as bookings ‘unaffected’ by Ukraine war March 30, 2022 TUI’s demand has grown to 80 per cent of 2019 levels as bookings remain almost “unaffected” by the war in Ukraine, the company said today. Overall summer bookings went up by 2.1 million since February, while in the UK demand grew 14 per cent on pre-Covid levels. Nordic countries and Poland, though, registered “subdued” levels [...]
TUI chief: Holiday bookings fly back to pre-pandemic levels March 6, 2022 Travel giant TUI said it expects holiday bookings to rise towards pre-pandemic levels as the industry gets back on its knees.
TUI’s main shareholder Alexey Mordashov resigns following EU sanctions March 2, 2022 Russian billionaire Alexey Mordashov resigned today from travel firm TUI’s board after he became a target of the EU sanctions against Russia. Mordashov, a close friend of Vladimir Putin, has been TUI’s majority shareholder for around 15 years, owning 34 per cent stake of the company. The remaining 66 per cent is owned by several [...]
TUI eyes glorious summer ahead as holiday bookings mount November 22, 2021 Travel giant TUI has announced above-average booking growth driven by a flurry of holiday bookings for next summer.
Travel giant Tui plans £936m cash call to cut debts as bookings pick up October 6, 2021 Travel giant Tui said this morning it is planning a £936m cash call to cut debts as it said bookings were bouncing back thanks to the relaxation of travel restrictions. The group said the fundraising will help boost its balance sheet and allow it to repay emergency Government loans. In an update alongside the cash raise, Tui [...]
Outrage among holidaymakers as Tui cancels flights to Spain, Italy, Slovenia and Turkey August 17, 2021 Travel firm Tui has cancelled holidays to hotspot European destinations and beyond as coronavirus restrictions continue. The holiday firm will not offer Tui flights to Malta and certain parts of Italy – Sardinia, Sicily and Calabria – or holidays in Almeria and Girona in Spain until at least 31 October. Flights and packages for holidays [...]
IAG and Easyjet lead fall in travel shares as Spain and Portugal introduce quarantine for unvaccinated Brits June 28, 2021 Airline stocks including BA owner IAG, Easyjet, and Ryanair all tumbled today as more European countries imposed travel restrictions on UK holidaymakers. FTSE 100 IAG was down 5.8 per cent by the mid afternoon, while budget carrier Easyjet also dropped 5.0 per cent. Fellow blue-chip Rolls-Royce, which makes the engines used by most commercial jets, [...]
Tui joins BA and Virgin Atlantic in Ryanair’s legal battle against travel traffic light system June 22, 2021 Tui joins BA and Virgin Atlantic in Ryanair's legal battle against travel traffic light system
Tui sells minority take in Riu Hotels for €540m May 27, 2021 Holiday giant Tui said this evening that it had agreed to sell its 49 per cent stake in Spain’s Riu Hotels SA to co-owner Riu-Group for €540m (£463.8m). The deal gives the joint venture, which comprises of 21 properties, an enterprise value of €1.5bn. The Anglo-German firm said that its separate 50/50 hotel management joint [...]