TUI Group facts for kids

Quick facts for kids
TUI Group

Trade name	TUI AG
Formerly	Preussag AG (1923–2002)
Type	Public (Aktiengesellschaft)
Traded as	FWB: TUI1 LSE: TUI FTSE 250 Component
ISIN	ISIN: [https://isin.toolforge.org/?language=en&isin=DE000TUAG505 DE000TUAG505]
Industry	Hospitality, tourism
Founded	1923; 102 years ago (1923)
Headquarters	Hanover and Berlin, Germany
Area served	Austria Belgium Canada Czechia Denmark Finland Germany Netherlands Norway Poland Portugal Spain Sweden Switzerland United Kingdom
Key people	Dieter Zetsche (Chairman of the Supervisory Board) Sebastian Ebel (CEO)
Products	Charter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts
Services	Travel agencies
Revenue	€20,665.9 million (2023)
Operating income	€997.2 million (2023)
Net income	€455.7 million (2023)
Number of employees	58,342 (2023)

TUI Group is a big company from Germany. It helps people travel and go on holidays. It's actually the largest travel company in the world! TUI stands for Touristik Union International, which means "Tourism Union International".

TUI Group owns many different things related to travel. This includes travel agencies, hotel chains, and cruise lines. They also own five airlines in Europe. TUI has 353 hotels with lots of beds, and they let other hotels use their brand name too. About 21 million guests stay in their hotels every year. They also have 16 cruise ships and 134 airplanes.

TUI AG shares are traded on the Frankfurt Stock Exchange and the London Stock Exchange. This means you can buy and sell parts of the company there.

A Journey Through Time: TUI's History

A Thomson travel agent in Wetherby, United Kingdom

The same branch with TUI branding (2017)

TUI Group started a long time ago, in 1923. It was first called Preussag AG. Back then, it was a company focused on mining and industry. It was formed on October 9, 1923.

Over time, Preussag AG changed. In 1997, it bought Hapag-Lloyd, a company that dealt with shipping and logistics. This was a big step towards becoming a travel company. By 1999, Preussag owned all of TUI, which was a tourism group started in 1968.

Preussag also bought shares in another travel company called Thomas Cook. But then, in 2000, Preussag bought Thomson Travel, a big rival of Thomas Cook. Because of this, they had to sell their shares in Thomas Cook. In 2002, Preussag officially changed its name to TUI AG.

In 2007, TUI decided to combine its travel business with a British tour operator called First Choice. This created a new company called TUI Travel PLC. TUI owned 55% of this new company.

Later, in 2014, TUI Group and TUI Travel fully merged. This made them one big company worth about $9.7 billion. This merger helped them become an even stronger travel business.

In 2020, the COVID-19 pandemic caused big problems for travel companies. TUI Group lost a lot of money during this time. They reported a loss of €2.3 billion from October 2019 to June 2020. This was a very tough period for the company.

In March 2022, a major shareholder, Alexey Mordashov, faced sanctions. This was due to the 2022 Russian invasion of Ukraine. Sanctions meant he could not participate in certain company activities. In 2023, TUI had to raise money by selling shares. Alexey Mordashov was not allowed to buy these new shares because of the sanctions.

Who Leads TUI: Governance

Here are some of the important people who have led TUI Group:

Who Owns TUI: Stock Exchange and Shareholders

TUI's shares are traded on several stock exchanges. These include the Frankfurt Stock Exchange, the London Stock Exchange, and the Hanover Stock Exchange. When a company's shares are on a stock exchange, people can buy and sell them.

A Russian businessman named Alexey Mordashov became a big shareholder in TUI. By 2012, he owned more than 25% of the company. He was the largest single shareholder for a while. However, because of sanctions in 2022, his ownership changed. He was not allowed to buy more shares when TUI raised money in 2023. This caused his share in the company to become smaller.

Here's a look at who owned TUI shares in July 2023:

How TUI is Organized: Group Structure

TUI Hotels & Resorts

TUI owns and manages many hotels and resorts. In 2022, they had 353 hotels with over 275,000 beds. Most of these hotels are four- or five-star. TUI also lets other hotels use their brand name, bringing the total to 418 hotels.

Cruises

TUI's cruise part has 16 cruise ships. They operate under three different brand names:

• TUI Cruises is a partnership with Royal Caribbean Cruises. They have six ships, called Mein Schiff 1 to 6.
• Hapag-Lloyd Cruises offers luxury and adventure cruises, mainly for German-speaking guests. Their ships, like the MS Europa and MS Europa 2, are known for being very fancy. They also have expedition ships for exploring.
• Marella Cruises has four ships and mostly serves people from the UK.

TUI Multinational Airlines

TUI owns several airlines. These airlines fly under the names TUI fly and TUI Airlines. They are all managed by TUI Airline Management.

Airline	Country	Description
TUI Airways	Ireland  United Kingdom	This is the biggest TUI airline. It has 70 planes and flies from 26 airports in the UK to 109 places around the world. It was formed by combining Thomsonfly and First Choice Airways.
TUI fly Belgium	Belgium	This airline has been flying since 2004. It goes to over 105 places in Europe, the Caribbean, and Africa. It used to be called Jetairfly.
TUI fly Deutschland	Germany	This airline started in 1972 as Hapag-Lloyd Flug. It changed its name to TUIfly and then to TUI fly Deutschland. It has 40 planes and flies to 39 destinations.
TUI fly Netherlands	Netherlands	Since 2005, this airline has flown from Amsterdam to places in Southern Europe, North Africa, and Latin America. It was first called Arkefly.
TUI fly Nordic	Denmark  Finland  Norway  Sweden	TUI fly Nordic flies from Sweden, Denmark, Finland, and Norway. They take holidaymakers traveling with TUI tour operators in those countries.

A Boeing 787-8 Dreamliner plane operated by TUI Airlines Netherlands

As of April 2024, TUI Group uses these types of airplanes:

TUI's Money Matters: Corporate Affairs

Here are some key numbers for TUI Group, showing how the company has been doing financially each year (ending September 30):

See also

In Spanish: TUI AG para niños