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TUI Travel
From Wikipedia, the free encyclopedia
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| Type | Public |
|---|---|
| Traded as | LSE: TT. |
| Industry | Transport |
| Founded | 2007 |
| Headquarters | Crawley, England, UK |
| Key people | Michael Frenzel (Chairman) , Sir Michael Hodgkinson (Deputy Chairman), Peter Long (Chief Executive) |
| Products | Passenger transport, travel agency, accommodation |
| Revenue | £14.46 billion (2012)[1] |
| Operating income | £301 million (2012)[2] |
| Net income | £137 million (2012)[3] |
| Owner(s) | TUI AG (55.74%)[4] |
| Employees | 53,000 (2012)[5] |
| Website | www.tuitravelplc.com |
TUI Travel PLC is an international leisure travel group listed on the London Stock Exchange. It was formed on 3 September 2007 by the merger of First Choice Holidays PLC and the Tourism Division of TUI AG, which owns 55.74%[4] of the company, operating in 180 countries and serving 30m customers.[6] It is headquartered in Crawley, West Sussex, England and is a constituent of the FTSE 100 Index.
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History
TUI AG
The company was founded in 1923 in Berlin as Preußische Bergwerks und Hütten-Aktiengesellschaft operating in the industrial sector.[7] In 1959 it was first listed on the Frankfurt Stock Exchange and in 1964 became Preussag.[7] In 2000 it acquired Thomson Travel and in 2002 bought Hapag Lloyd, which itself owned the travel firm TUI (formerly Touristik Union International), and renamed itself TUI AG.[7]
First Choice
The company was founded in 1973 as Owners Abroad operating as a travel agent.[7] It first listed on the London Stock Exchange in 1982.[7] In 1987 it launched Air 2000 and in 1990 acquired Redwing.[7] It changed its name to First Choice in 1994.[7]
Post merger
The merger of the Travel Division of TUI AG with First Choice was completed in September 2007 to create TUI Travel PLC.[6]
Operations
The Company is organised into four sectors:[8]
- Mainstream
- Central Europe
- Northern Europe
- Western Europe
- Accommodation and Destinations
- Specialist and Activity
- Emerging Markets
See also
Companies portal
References
- ^ [1]
- ^ [2]
- ^ [3]
- ^ a b Shareholder Information
- ^ TUI Travel: At a glance
- ^ a b "TUI and First Choice plan to merge amid competition in European travel", The New York Times (19 March 2007)
- ^ a b c d e f g TUI Travel History
- ^ Our business | TUI Travel PLC
External links
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