Saturday 2 August 2014

TUI restarts Egypt trips as advice relaxed

TUI Germany, part of Europe's largest tour operator TUI Travel, is restarting holidays to Egypt with immediate effect after the German foreign ministry relaxed its travel advice for the country. With the Red Sea resorts remaining


TCA Abu Dhabi, TUI target Indian tourists

Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) and TUI, a leading leisure travel company, have teamed up to stage a month long campaign in New Delhi to further bolster Indian visitor numbers to the emirate. Dubbed ‘


Egypt, Tunisia tourism recovery seen lengthy

TUI Travel, Europe's biggest tour operator, is on track to meet full-year profit expectations due to strong late summer bookings although it has yet to see a revival in demand for holidays in Egypt and Tunisia, its CEO said. "We are antici


Oman signals intent to buy Hapag-Lloyd stake

An Omani state-owned fund has told TUI AG in writing that it wants to buy a stake in container liner shipping firm Hapag-Lloyd from the German tourism group, a person familiar with the matter said. There is no binding agreement yet, though


Oman firm takes 15pc stake in Hapag-Lloyd

Omani state-owned Onyx Investments has taken a 15 percent stake in German container shipping company Hapag-Lloyd, an official at the parent company of Onyx said on Monday.     "Onyx Investments has bought a 15 percent


Chiaty ups stake in German travel group

Egyptian tourism investor Hamed El Chiaty, chairman and CEO of Travco Group, has increased his stake in TUI AG, the leading German-based European travel conglomerate, to 3.01 per cent. El Chiaty’s stake in TUI AG, has now exceeded the thre


Egyptian hotelier El Chiaty ready to up TUI stake

Egyptian tourism entrepreneur Hamed El Chiaty told Reuters on Monday that he is ready to increase his holding in German tour operator TUI. 'I am waiting for a chance to up my TUI stake,' he said late on Monday on the sidelines of T

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