Skift Take
Given the flurry of merger and acquisition activity in the travel industry over the last couple of years, some of the TUI Travel accommodation and specialty tour businesses will undoubtedly be sold although it looks like the merged TUI AG-TUI Travel will be stuck with a bunch of them.
With news that TUI AG of Germany intends to completely acquire the UK's TUI Travel, TUI AG has designated scores of TUI Travel businesses from LateRooms.com to HotelBeds and Hayes & Jarvis as "non-core" and presumably they are up for sale.
These non-core businesses would be operated independently for now as the combined company seeks to maximize shareholder value by putting at least some of them on the sales block.
The businesses in question include B2B wholesale accommodation and consumer online travel agency brands that did $3.53 billion in total transactions in 2013, posting $68.13 million in EBITDA.
Also up for grabs is TUI Travel's adventure division, which it characterizes as the world's largest adventure travel business through a partnership with Intrepid Travel.
The adventure travel unit is part of TUI Travel's specialis
