Latest News
HomeRegional NewsAfricaThe former TUI Travel Accommodation & Destinations is now called Hotelbeds Group
TOs

The former TUI Travel Accommodation & Destinations is now called Hotelbeds Group

The company presented its successful full year results recently, increasing sales by 10% to 4,048 million euros.

PALMA DE MALLORCA – Following the merger of TUI Travel PLC and TUI AG, TUI Travel Accommodation & Destinations announced that it will be called Hotelbeds Group. This group includes Hotelbeds, the number one bedbank worldwide together with a range of global businesses with market leading positions in each of their segments.

The change recognises the fact that the Hotelbeds brand represents a significant part of the business.

Hotelbeds Group presented its full year results recently, announcing a growth in sales by 10% in 2014 (year ending 30 September) and 4,048 million euros in Total Transaction Value (TTV). Its EBITDA increased by 13% to 132 million euros, with EBITA reaching 100.6 million euros. The company has once again significantly outperformed the global tourism industry.

Among Hotelbeds Group’s other brands are Destination Services, Activities, Laterooms.com, Intercruises and Roiback.

Following the merger of TUI Travel PLC and TUI AG, the new organisation for TUI Group comprises mainstream and non-mainstream. Hotelbeds Group will be part of non-mainstream and drive a focused strategy to further accelerate growth.

Co-Founder & Managing Director - Travel Media Applications | Website | + Posts

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

17/04/2024
16/04/2024
15/04/2024
12/04/2024
11/04/2024
10/04/2024