
News & Stories
Palma de Mallorca/Hanover. The Spanish hotel chain RIU, the largest individual shareholder of TUI in Hanover, reduced its indirect share in the travel giant.
Augsburg. Added value is the magic word in the travel industry. Whoever perfects the service chain from the booking to the flight and through to accommodation, makes a profit. Hotels with high occupancy bring in larger profits than charter flights. TUI has known this for a long time. Today, the Preussag subsidiary is the biggest German hotel owner. Competitor Thomas Cook is hot on their heels.
Frankfurt/M. In 2006, Germany does not only want to become football world champion, but also world champion in terms of hospitality. The FIFA expects one million football fans to visit Germany; approximately 400,000 of them will be looking for accommodation. To realise "a time to make friends" for the guests according to the official motto, the hotel chains and hotel associations that otherwise compete with one another, have contracted a partnership that is unique in Germany. The hotel consortium led by the Accor group will organise room sales in a joint venture together with the travel agency chain BTI Euro Lloyd and the British event management agency Byrom. It promises the fans to practice fair play and charge "fair and appropriate" prices.