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Bought Hapag-Lloyd AG
It was an agency chain, airline and logistics service provider. -
Made concrete acquisition of TUI Deutchland
They dealt with package holidays and it was the first German travel agency chain. -
Took significant equity share of Magic Life
All inclusive holiday club chain. -
Hapag Touristik Union purchased 24.9% of Thomas Cook
One of the biggest British tourism and financial service provider. -
Acquired the majority of Thomas Cook
This led to a bigger market share -
Company was renamed to TUI Group & took the whole British Thomson Travel Group
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Acquisition of Fritidsresor
Biggest Scandinavian tour operator. -
Took share of Nouvelles Frontiéres
French leading tour operator -
TUI is the leading company
Owned 200 brands all over the world -
All brands put under the global umbrella
World of TUI -
Renamed TUI AG
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Created air management
In order to manage 6 airlines -
Acquisited Nouvelles Frontéres
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Cost-cutting
In order to adjust to the slump in tourism, the group started a new cost-cutting program targeting savings. -
Set up TUI China
For Chinese tourist visiting Germany -
Low cost travel agency in Hamburg
No catalogues, no decoration, no seats. People were informed about the latest holidays, they could book on the spot. -
TMR
Entered the Russian tour operator market though a joint venture, with Mostravel. -
New selling platforms
Touropa.com, travel agencies, television and call centers. -
Entered the Indian market
50% holding in the incoming agency - Le Passage to India -
Took full control of CP Ship
Canadian Container Shipping line and merged its container shipping division with it.