TUI to sell off more non-tourism interests
TUI, the German owner of what was formerly Thomson Travel Group, is to float its Hapag Lloyd shipping business and sell off its other logistics companies so it can focus more closely on tourism. The company said the sale forms part of its aim to be come the “world’s leading tourism group.” Along with TUI in Germany and TUI UK (the former Thomson Travel Group) the company also owns the former Scandinavian Fritidsresor group, now called TUI Nordic (Fritidsresor, Star Tour, TEMA), and the airlines Hapag–Lloyd Flug and Britannia. The sale will reduce TUI’s net debt ”to well below Euro 2 billion” which it said would allow it to take ”advantage of growth opportunities” in its core tourism business. But when asked by TravelMole if the changes meant there would be more funds available for acquisitions, a spokeswoman said it “doesn’t mean that we want to buy anything.” The company will float about one-third of the shares of the cruise and container shipping business Hapag Lloyd during the second half of this year. The changes will mean that tourism will contribute about 85% of the company’s total earnings, compared to 75% currently. The spokeswoman added: “They want to reduce their debt which will increase their financial rating which will make them more attractive [and allow them to] negotiate better deals.”
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists