TUI Group, the world's largest tour operator, reported a 40 per cent drop in bookings to Turkey this summer due to safety concerns and said it was investing in Cape Verde and Bulgaria as alternatives to security-threatened North Africa.
Alpha Tours, a leading travel solutions provider in the UAE and GCC, along with two leading global tour operators Natalie Tours and TUI, recently discussed steps to make 2015 the biggest year for tourism in UAE at a congress held in Dubai.
Europe's leading travel group TUI is in talks with investors interested in buying its stake in Hapag-Lloyd as an option in its long-planned exit from the German shipping company, TUI's chairman told a newspaper.
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
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.
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
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
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
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 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