Group overview
TUI AG is Europe’s leading travel group. The three sectors TUI Travel (tour operating, online sales, high street outlets, airlines and incoming agencies), TUI Hotels & Resorts and the cruise ship business form the World of TUI. TUI AG holds, in addition, a financial investment in the container shipping industry.
Currently, the group owns 43,3 percent stake in Hapag-Lloyd AG. In the short financial year 2009 TUI AG returned a revenue of €13.1 billion with total earnings (underlying EBITA) of €656.6 million.* On 30 September 2009 the headcount totalled 65,000 employees.
Sectors
- TUI Travel
TUI Travel was created in 2007 by the merger of TUI Group’s retail section, tour operating business, airlines and incoming activities with the British company First Choice Holidays PLC. The new company is listed on the London Stock Exchange. TUI AG has a majority shareholding in TUI Travel, which is represented in 27 sources markets around the globe and serves more than 30 million customers. Its business is divided into the four sectors Mainstream, Specialist & Emerging Markets, Activity and Accommodation & Destinations. TUI Travel offers a broad choice of leisure travel ranging from package tours to individual niche products.
- TUI Hotels & Resorts
TUI Hotels & Resorts, the largest holiday hotel company in Europe, is responsible for managing the hotel subsidiaries of the group. The TUI Hotels & Resorts portfolio covers 243 hotels and 154,000 beds in 28 countries around the world and includes such famous hotel brands as Riu, Grecotel, Grupotel, Iberotel, Dorfhotel, Robinson and Magic Life. The hotels of the various brands are situated at premium locations in attractive holiday regions and offer guests a diverse range of hotel concepts with the highest levels of service and quality, and with exceptional environmental standards.
- Cruises
Hapag-Lloyd Cruises is the leading provider of discovery and luxury cruises in the German-speaking countries. The fleet comprises the cruise liners MS Europa (5-star+), MS Hanseatic (5-star), MS Bremen (4-star) and MS Columbus (3-star+).
In 2008 TUI Cruises was formed, paving the way for TUI AG to set its mark in the German volume market for premium cruises. This joint venture between Royal Caribbean Cruises Ltd and TUI AG began operations in spring 2009 with the liner “Mein Schiff” (which translates as “My Ship”). The second ship will be named “Mein Schiff 2” and is to be commissioned in May 2011.
Container shipping:
- Hapag-Lloyd AG :
In March 2009 TUI AG closed the sale of Hapag-Lloyd AG to “Albert Ballin” Holding GmbH & Co. KG. The container shipping company was sold at an enterprise value of 4.45 billion euro. TUI AG holds a 43.33 per cent stake in Hapag-Lloyd. With 115 container ships the company provides a total capacity of 470,000 TEU.
(all data as of February 2010)
* Continuing operations
Management
Dr Michael Frenzel - Chairman
Horst Baier – Finance
Dr Peter Engelen – Human resources and legal affairs
Peter Long – Tourism
Chairman of the Supervisory Board
Dr Dietmar Kuhnt
Contact
TUI AG
Karl-Wiechert-Allee 4
30625 Hannover
Germany
Telephone: +49 (0)511 566 00
Fax: +49 (0)511 566 1901
www.tui-group.com