Tui AG Stock

Description TUI

TUI AG, formerly known as Preussag AG, is a German multinational travel and tourism company headquartered in Hanover, Germany. The company's name is an acronym for "Touristik Union International". TUI is the world's largest travel and tourism company, operating in over 180 countries and servicing over 20 million customers per year.

TUI mainly operates in two business segments: the TUI Group, which includes tour operators, airlines, and destination services, and the TUI Hotels Resorts segment, which operates and manages hotels and resorts around the world.

TUI's portfolio of tour operators includes brands like TUI UK, TUI Germany, and TUI Nordic, among others. The company also owns several airlines, including TUI Airways, TUIfly, and TUI fly Nordic, which operate a fleet of over 150 planes.

TUI's hotels and resorts business operates more than 400 hotels in 30 countries under various brands, including RIU, Robinson, TUI Magic Life, and TUI Blue.

Overall, TUI is a leading player in the global travel and tourism industry, with a diverse range of businesses and operations. However, the COVID-19 pandemic has negatively impacted TUI's business, as travel restrictions and lockdowns have resulted in a decline in tourism and bookings.

Competitors of TUI

TUI is a multinational travel and tourism company headquartered in Germany, providing a range of services including vacation packages, flights, and cruises.

The most important competitors of TUI in the travel and tourism industry include:

1. Expedia Group: The American online travel company offers a comprehensive range of services like vacation packages, flights, car rentals, and hotel bookings through its website and mobile app. It operates globally and has a large customer base.

2. Booking Holdings: This US-based company is one of the largest travel portals in the world, providing services such as accommodation bookings, flights, car rentals, and tour packages in more than 200 countries. Booking Holdings also owns other brands such as Priceline, Kayak, and Agoda.

3. Airbnb Inc: Based in the US, Airbnb is a peer-to-peer online marketplace that connects homeowners and vacation rental owners with travelers seeking accommodation during their holidays. Airbnb operates in over 190 countries and has gained a significant share of the vacation rental market.

4. Carnival Corporation: Carnival is the world's largest cruise company operating eleven cruise line brands, including P, Princess, and Cunard. The Miami-based company operates with a fleet of over one hundred ships and offers vacations to various destinations worldwide.

5. Royal Caribbean Group: The Miami-based cruise company owns a fleet of over 60 ships and operates some of the most prominent brands like Royal Caribbean International and Celebrity Cruises. Royal Caribbean offers luxury cruise vacations to different parts of the world.

These companies have global reach and offer a vast range of services, giving them a significant edge over TUI in terms of competition. However, TUI remains one of the biggest and most popular travel brands, especially across Europe.

Suppliers of TUI

TUI Group is a British multinational travel and tourism company that operates in more than 100 countries worldwide. As a listed company, TUI has several suppliers in various regions and industries.

The most important suppliers of TUI Group are:

1. Airlines - TUI Group is one of the world's largest tour operators, and as such, it heavily relies on airlines to transport its customers to various holiday destinations. TUI has key partnerships with airlines such as Thomson Airways, TUIfly, and Jet2.com to name a few.

2. Hotels and Accommodation providers - TUI Group owns and operates several hotels and resorts in popular tourist destinations around the world. However, it also relies on third-party hotel and accommodation providers to offer a diverse range of accommodations to its customers, including luxury resorts, budget-friendly hotels, and villas.

3. Transportation Services - TUI Group requires the services of multiple transportation providers to transport its customers from airports to hotels, as well as for excursion activities such as bus tours, boat trips, and car rentals.

4. Destination Services - TUI Group partners with destination management companies to provide its customers with customized holiday packages, including activities like sightseeing tours, theme park visits, and adventure activities.

5. Insurance providers - TUI Group offers its own travel insurance policies to customers, but it also partners with other insurance providers to offer a broader range of insurance products to its customers.