TUI sees delisting from the London Stock Exchange as a way to simplify its business structure, with 77% of its share transactions already conducted directly in Germany.
Given Rakesh Gangwal’s previous comments on selling his entire holding in InterGlobe over a period of five years, this news comes as no surprise.
Of more interest is where will the low-cost airline’s investor turn his attention to next?
The major hotels and OTA companies reported strong earnings this month, signaling robust travel demand despite economic uncertainties. The companies most skewed to Asia now offer the greatest potential for growth and share price gains.