TUI AG · Hannover Germany ·(German: TUI)
Company Description
Phone: +49-511-566-00
Fax: +49-511-566-1901
Rankings
- MDAX
View TUI AG Locations On A US Map
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This link will open in a new window TUI has the European travel business cornered. Through its tourism umbrella of companies, TUI holds a 51% stake in TUI Travel , which sells leisure travel packages and provides other travel services under some 200 brands in more than 20 countries. TUI Travel owns about 3,500 retail travel stores across Europe and operates a fleet of more than 150 aircraft. TUI's tourism segment also includes hotels and resorts (about 240 hotels including brands such as Riu, Grupotel, Robinson, Magic Life, and Grecotel) and cruise operations (4 ships). In order to focus on its travel services operations, TUI has sold its container shipping operations and has reduced its stake in Hapag-Lloyd , a former subsidiary, to 43%. To read the full description, subscribe now.
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Key TUI AG Financials
| Company Type | Public - German: TUI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $26,377.8 |
| 2007 Employees | 68,521 |
TUI AG Executives
30 executives listed for TUI AG's Hannover, location.
| Title | Name & Bio | Contact |
| Chairman, Supervisory Board | Jürgen Krumnow | Network |
| Deputy Chairman, Supervisory Board | Jan Kahmann Berlin | Network |
| CEO | Michael Frenzel | Network |
Competition
Competitive Landscape for TUI AG
Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. A hotel business requires large amounts of capital, but operations are labor-intensive: average annual revenue per employee is around $80,000. To read the full description, subscribe now.Top TUI AG Competitors
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