News & Stories

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One billion eurosfor tourism

Singapore presents ten-year plan

1.4.2005

Singapore. By 2015, the Singapore Tourism Board plans to triple earnings from tourism, more than doubling the number of visitors and creating more than 100,000 new jobs in the tourism service sector. To stimulate investment of the private industry, a special tourism development fund of one billion euros has been set up and a new tax incentive system developed.

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RIU sells TUI shares

1.4.2005

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.

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High-prized holidays redistributed among the poor

GTZ research about All-Inclusive sustainability

24.3.2005

Eschborn/Frankfurt. Sustainable Tourism and All-Inclusive Resorts are no contradiction. The German development organisation GTZ found surprising results doing the most extensive and comprehensive research so far on All-Inclusives in the Carribean and Middle America.

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Added value on investments

The hotel strategies of the travel giants TUI and Thomas Cook

1.1.2005

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.

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Fair prices promised

"A time to make friends" during the FIFA World Cup 2006 - The prelude

31.5.2004

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.