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TUI AG history, profile and corporate video

 TUI AG is a tour and travel company, which is engaged in the provision of tour, hotel and resort, and cruise services. The company operates through the following segments TUI Travel, TUI Hotels & Resorts, and Cruises. The TUI Travel segment is divided into three sectors: Mainstream, Accommodation & Destinations and Specialist & Activity. It offers a range of products from package tours to products such as yacht chartering, expeditions and student trips. The TUI Hotels & Resorts segment consists of all hotel companies of the group outside the TUI Travel Group. The Cruises segment comprises the cruise activities of Hapag-Lloyd Cruises and TUI Cruises. TUI was founded in 1923 and is headquartered in Hannover, Germany.

“TUI History

  • 1968 creation of TUI (Touristik Union International) an association of the medium-sized companies Touropa, Scharnow-Reisen, Hummel Reise and Dr. Tigges-Fahrten.
  • 1970 airtours international and TransEuropa integrate to TUI; Creation of ROBINSON Club (with the group Steigenberger)
  • from 1972 participation to different hotel brands (et al. Iberotel 1972, RIU 1977, Grecotels 1981)
  • 1990 the name of the main tour operator is “TUI Schöne Ferien”
  • 1995 Creation of TUI Nederland and TUI Austria
  • 1996 Creation of TUI Suisse
  • 1996 Creation of TUI Belgium
  • 1998 Acquisition of the group Preussag/Hapag-Lloyd and rename to Hapag Touristik Union (HTU)
  • 2000 HTU was renamed to TUI Group
  • 2001 TUI Group is now 100% subsidiary of Preussag AG
  • 2002 Rename of Preussag AG to TUI AG
  • from 2002 reorganisation from a mixed company to tourism company.
  • 2004 The bank WestLB sell their participation (31,4%) from the TUI AG. New shareholders are Spanish investors (Family Riu, Grupo de Empresas Matutes, Caja de Ahorros del Mediterraneo).
  • 2005 TUI sells subsidiary VTG AG to Compagnie Européenne de Wagons.
  • 2005 The shipping activities are grouped under the Hapag-Lloyd. With the acquisition of CP Ships it becomes the fourth largest worldwidecontainer shipping company.
  • 7 April 2005, was a historic day for the Indian Travel and Tourism industry when a joint venture was signed between the world’s largest travel group, TUI AG and LPTI.
  • 2006 TUI AG sells business travel subsidiary TQ3 to BCD Holdings N.V.
  • 2007 TUI AG tourism division merges with First Choice Holidays PLC to form TUI Travel PLC
  • 2014 Tui AG announces it will absorb Tui Travel in a full-scale merger”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “TUI Group Corporate