German travel giant TUI said Wednesday it was 'optimistic' about a strong summer rebound despite booking heavy losses once again between October and March.
Tourism giant TUI and the German government agreed on Wednesday to a second massive aid package, in a sign of how the effects of the coronavirus pandemic are still battering the industry.
The world's biggest tourism group TUI said Wednesday it planned to slash 8,000 jobs in a bid to cut costs as the industry struggles to stay afloat with travel severely curtailed by the coronavirus pandemic.
The German government said Monday it is
planning to shield companies from going under because of the coronavirus pandemic, by suspending legal obligations for firms facing acute liquidity problems to file for bankruptcy.
Germany's biggest travel group, TUI, said on Thursday it had called off all tours through Israel until the end of the month over the recent eruption of violence in the region.
German travel group TUI and its British subsidiary TUI Travel said on Friday that they had agreed to a tie-up that will create the world's biggest tourism operator.
German holiday giant TUI said two weeks ago it would stop trips to dolphin and orca shows on animal welfare grounds, yet it continues to advertise and sell the trips online.
Germany's biggest tourism operator TUI has cancelled all its trips to dolphin and orca shows, after conceding it could not check conditions at the venues.
Germany's biggest travel agency Tui has unexpectedly hit the black - thanks to the Germans and British going on holiday despite uncertain economic times.
Germany will review its relations with violence-torn Egypt, the office of Chancellor Angela Merkel said on Friday, following talks with French President Francois Hollande. German tour companies have meanwhile cancelled all holidays to the troubled country.
Those considering taking a cruise in the new year should choose carefully – in a single trip each ship operated by top German firms Aida Cruises and Tui Cruises creates as much pollution as five million cars, says environmental group Nabu.
German travel operators say they can get holidaymakers out of Egypt quickly if need be, while trips to Cairo have been cancelled and customers are being offered free re-booking and refunds.
Deutsche Telekom’s unit T-Systems announced on Tuesday it had won a €100-million deal to build a telecommunications network for UK-based travel company TUI.
Germany's leading tourism group, TUI, said Monday it would cancel Mexico City visits until May 5 owing to the swine flu outbreak and would offer alternatives to clients who had planned to travel to other parts of Mexico.
Germany’s biggest holiday company TUI Deutschland will put its workers onto short shifts in order to try to stabilise its economic position and save jobs, it announced on Saturday.
Berlin on Wednesday to block takeovers of German firms by petrodollar-rich investment vehicles known as sovereign wealth funds if they are deemed to jeopardize national security.
Russian billionaire Alexei Mordashov has increased his stake in Germany's TUI, one of the leading European travel and shipping groups, to 15.03 percent, a statement to the stock market said on Monday.
A shareholders' meeting of Germany's TUI turned into a stormy affair on Wednesday as a Norwegian billionaire sought to chart a new course for the shipping and tourism giant.
Germany's TUI, the biggest European travel group, said on Monday that its supervisory board had decided to separate its Hapag Lloyd shipping unit from its travel and leisure activities.
