As leaders in our industry TUI AG and TUI Travel have market leading tourism, hotel and cruise brands with a rich heritage of over 40 years in this industry. Passionate about our businesses TUI AG and TUI Travel PLC have cooperated closely together since TUI Travel was created in 2007 and TUI Group is the natural progression where two TUI’s become one.
Having for more than 70 years been an industrial business operating as Preussag AG the company we know today as TUI AG entered the Tourism market in 1997 with the acquisition of one of Germany’s leading tourism companies Hapag-Lloyd. Further tourism acquisitions followed and the company started to exit from its industrial businesses. Acquiring some of the biggest names in European tourism including, Thomson, Fritidsresor and Nouvelles Frontières and shareholdings in the hotel groups RIU and Magic Life?TUI AG?created one of the world’s leading tourism groups.
In 2007?the tour operating businesses of TUI AG, merged with the UK listed First Choice Holidays PLC, a tour operating business started in 1973 which had both Mainstream and Specialist businesses to formTUI Travel PLC, listed on the London Stock Exchange. The company’s major shareholder with a stake of 54 per cent was TUI AG.
Since the merger in 2007, colleagues from both businesses have either cooperated or worked closely together. For many years we know each other well and share a common understanding and drive. The TUI Group is the natural progression where two TUI’s become one.