TUI Group Sees Cruise Sector as Key to Growth Strategy
Growing its cruise offering is a key plank of TUI’s current strategy. Expect to see further expansion in the near future.
Articles tagged “tui”
TUI’s Asset-Heavy Business Model Is Helping It Deal With a Tough Environment
Having managed to shift capacity westwards from the trouble spots in the Middle East and North Africa, TUI Group now looks in a good position to capitalise on the continued desire of Europeans to travel.
Cox & Kings Acquires LateRooms From TUI Group
The TUI Group auctioned off LateRooms.com to Cox & Kings, which probably got a very good deal on the under-performing asset.
Shakeup of Marginalized Booking Sites in Europe and Asia
Some of the weaker online travel agencies in Europe and Asia are getting squeezed out. Sabre sold LastMinute.com to Bravofly Rumbo Group for next to nothing, and TUI Group gave up on AsiaRooms.com in the face of stiff competition.
TUI’s new CEO plans operations overhaul with $1.3 billion profit goal
TUI has few opportunities left to reinvent itself into a company that will stay alive and thrive in the 21st century travel industry; what emerges at the end of this process will determine that fate.