Published on Thursday, January 24, 2008
TUI Travel, the merged Thomson/First Choice group, is poised to unveil future plans next week.
This emerged as German parent TUI AG’s executive board said it expected the organisation’s tourism division to see “continual growth” through to 2010.
“Among the factors influencing earnings in tourism are the expected synergies,” the company said.
“Other planned stages for the tourism business are to be presented by the management of TUI Travel PLC on 29 January.”
The executive board confirmed that results for the 2007 business year "met management expectations".
Details of the re-organised UK business following the merger between TUI UK and First Choice are likely to emerge on Tuesday, although no further details were available prior to the announcement.
by Phil Davies
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The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.