TUI Group facts for kids

Quick facts for kids
TUI AG

Trade name	TUI Group
Formerly	Preussag AG (1923–2002)
Type	Public (Aktiengesellschaft)
Traded as	FWB: TUI1 MDAX LSE: TUI
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 Greece Ireland Netherlands Norway Poland Portugal Spain Sweden Switzerland Türkiye 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	€23,167.3 million (2024)
Operating income	€1,275.3 million (2024)
Net income	€507 million (2024)
Number of employees	66,845 (2024)

TUI Group is a very large travel and tourism company from Germany. It helps millions of people go on holidays every year. TUI stands for Touristik Union International, which means "Tourism Union International" in German.

The company has its main offices in Hanover, Germany. TUI Group owns many different parts of the travel business. This includes travel agencies, hotel chains, and cruise lines. They also own five airlines in Europe.

TUI Group operates 353 hotels, which have over 275,000 beds. These hotels welcome about 21 million guests each year. The company also runs 16 cruise ships. These ships sail under brands like TUI Cruises and Marella Cruises. TUI Group also has a fleet of 134 airplanes.

How TUI Group Started

TUI Group's main office in Hanover

From Mining to Holidays

TUI Group started a long time ago as a company called Preussag AG. It was formed on October 9, 1923. Back then, it was a German mining company. It was known as the "Prussian Mine and Foundry Company." Later, it merged with other companies to become the "United Electrical and Mining Company."

In 1997, Preussag AG changed its focus. It sold its mining businesses and bought Hapag-Lloyd AG. Hapag-Lloyd was a company involved in shipping and logistics. This was a big step towards becoming a global travel company.

Growing in the Travel World

Preussag AG slowly bought more parts of the tourism business. By 1999, it fully owned TUI, a tourism group started in 1968. The company also bought shares in another travel company called Thomas Cook.

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 AG officially changed its name to TUI AG.

In 2007, TUI announced a merger with a British tour operator called First Choice. This created a new company called TUI Travel PLC. TUI owned 55% of this new company.

Becoming One Big Company

In 2014, TUI AG and TUI Travel decided to fully merge. This made them one large company worth about $9.7 billion. The merger was completed on December 17, 2014. The combined company then started trading on stock exchanges in Frankfurt and London.

Over the years, some parts of the business were sold. For example, holiday home providers and round trip specialists were sold in 2019.

Recent Developments

In August 2020, TUI Group reported a large financial loss. This was mainly due to the COVID-19 pandemic, which stopped a lot of travel. The company's CEO said they were thinking about selling the Marella cruise line.

In March 2023, TUI announced plans to raise money by selling new shares. This helped the company continue to grow and operate. In February 2024, TUI Group decided to focus its stock listings. It left the London Stock Exchange. Now, its shares are mainly traded on the Frankfurt and Hanover Stock Exchanges.

How TUI Group Works

Hotels and Resorts

TUI Group has many hotels and resorts. In 2022, they had 353 hotels with over 275,000 beds. Most of these are four- or five-star hotels. TUI either owns these hotels, manages them, or leases them. They also allow other hotels to use their brand name.

Cruise Ships

TUI's cruise business has 16 ships under three different brands:

• TUI Cruises: This is a partnership with Royal Caribbean Cruises. They have seven ships, named Mein Schiff 1 to 7.
• Hapag-Lloyd Cruises: This brand offers luxury and adventure cruises. Their ships, like MS Europa and MS Europa 2, are known for being very luxurious. They also have expedition ships like HANSEATIC nature.
• Marella Cruises: This brand offers cruises mainly for people in the UK. They have four ships.

Airlines

TUI Group owns several airlines. These airlines operate under the names TUI fly and TUI Airways. They are managed by TUI Airline Management.

Airline	Home Country	What They Do
TUI Airways	United Kingdom	This is the largest TUI airline. It has 70 planes and flies from 26 UK airports to 109 places around the world.
TUI fly Belgium	Belgium	This airline started in 2004. It flies to over 105 places in Europe, the Caribbean, and Africa.
TUI fly Deutschland	Germany	This airline has been flying since 1972. It has 40 planes and flies to 39 destinations.
TUI fly Netherlands	Netherlands	This airline started in 2005. It flies from Amsterdam to places in Southern Europe, North Africa, and Latin America.
TUI fly Nordic	Denmark  Finland  Norway  Sweden	This airline flies holidaymakers from Sweden, Denmark, Finland, and Norway.

TUI Group's Financial Information

TUI Group shares its financial numbers every year. Here's a quick look at how the company has been doing:

See also

In Spanish: TUI Group para niños