Sectors

TUI Travel

TUI Travel was formed in 2007 from the merger of the TUI Group’s distribution, tour operator, airline and incoming operations with those of the former British First Choice Holidays PLC.

TUI Travel PLC is domiciled in the UK and has been listed on the London Stock Exchange since 3 September 2007. At the balance sheet date, TUI AG held around 55%, i. e. the majority, of the shares in this subsidiary.

TUI Travel operates in around 180 countries in the world, servicing around 30 million customers from 27 source markets with a portfolio of more than 200 products and brands. Its activities are structured into four Businesses: Mainstream, Accommodation & Destinations, Specialist & Activity and Emerging Markets.

TUI Hotels & Resorts

Hanover-based TUI Hotels & Resorts manages the Group’s hotel companies. This Sector includes majority participations, joint ventures with local partners, stakes held in companies that enable the shareholders to exert significant influence, and hotels operated under management contracts. TUI Hotels & Resorts is the link between tour operators and hotel partners, thus ensuring the strong positioning of the hotel brands within the Group and among the competition. Apart from strategic planning, pioneering new hotel formats and providing operative support, it also coordinates the marketing and distribution activities and the environmental and social measures undertaken by the hotel companies.

In financial year 2010/11, TUI Hotels & Resorts comprised a total of 248 hotels with around 157,000 beds; 224 of the hotels, i.e. the majority, were four- or five-star establishments. A total of 53% were operated under management contracts, 38% were owned by the respective hotel company, 6% were leased. 3% of the facilities were managed under franchise agreements.

Cruises

The Cruises Sector comprises Hapag-Lloyd Kreuzfahrten and TUI Cruises.

Hapag-Lloyd Kreuzfahrten
Hamburg-based Hapag-Lloyd Kreuzfahrten GmbH currently operates four cruise ships in the market for premium cruises. Its portfolio focuses on luxury and expedition cruises for the German-speaking market.

Its flagship is the five-star-plus vessel MS Europa. It was awarded this category by the Berlitz Cruise Guide for the twelfth time in succession and is the world’s only ship awarded this category. The MS Europa primarily cruises on world tours. The MS Columbus, a three-star-plus vessel, also cruises the world’s seven seas. Moreover, it is the only ocean-going liner capable of cruising the Great Lakes in North America. The MS Hanseatic is used, among other things, for expedition cruises to the Arctic and Antarctic. It is the world’s only five-star passenger vessel with the highest Arctic class. The MS Bremen, a four-star vessel – also awarded the highest Arctic class – is another expedition ship travelling to similar destinations. Two of the ships were owned, the other two chartered. Average fleet age was 16 years.

By 2013, Hapag-Lloyd Kreuzfahrten will be broadening its portfolio by adding two ships to its fleet: the luxury segment will be expanded by a long-term charter for the new MS Europa 2. With 258 cabins, the MS Europa 2 has a passenger capacity of 516. The newbuild will be launched in 2013. The premium segment will be expanded by chartering a ship as of April 2012: The MS Columbus 2 has capacity for 698 passengers in 349 cabins.