Hotels highly profitable
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Half a hotel, twice the growth
Peter Krueger is self-confident: The M&A expert helped pull TUI out of the corona-induced misery. The former investment banker sees hotels as a profit driver. The portfolio now counts 420 hotels, and 600 are foreseeable. Joint ventures and partnerships are the vehicles, as are management contracts with sales power to boot. TUI in September 2023.
TUI opens Digital Hub in Porto
TUI Group has opened a "Digital Hub" in Porto, Portugal. 150 tech experts are further developing the company's mobile app and the payment systems.