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German tour operator TUI Group acquired 50% ownership of Grecotel in 1981. The brothers Nikos and Takis (1931–2012) Daskalantonakis (Δασκαλαντωνάκης), olive oil traders of Rethymno, Crete, in 1976 opened their first hotel outside of Rethymno, Rithimno Beach. Other hotels in Crete followed in the late 1970s to early 1980s.
RIU Hotels & Resorts is a Spanish family-owned hotel chain. The company's business is focused on the holiday hotel sector and over 70% of its establishments offer an all-inclusive service. As of 2014, it was the 30th largest hotel chain in the world. [4] As of 2020, it had 98 locations in 19 countries, 31,270 employees, and 4.9 million ...
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It is a subsidiary of TUI UK, itself a subsidiary of TUI Group, and its holidays are sold solely online. It also operates own brand hotels. First Choice Holidays previously traded as a subsidiary of First Choice Group plc until its merger with TUI Travel plc in 2007. The company was then revived as a brand in 2011 under the TUI Group brand ...
TUI AG (trading as TUI Group) is a German multinational leisure, travel and tourism company; it is the largest such company in the world. [2] [3] TUI is an acronym for Touristik Union International ("Tourism Union International"). TUI AG was known as Preussag AG until 1997 when the company changed its activities from mining to tourism.
Despite opening up mass tourism to Crete and the Algarve in 1970, the package tour industry declined during the 1970s. On 15 August 1974, the industry was shaken by the collapse of the second-largest tour operator, Court Line, which operated under the brand names of Horizon and Clarksons. Nearly 50,000 tourists were stranded overseas and a ...
TUI Travel PLC was a British leisure travel group headquartered in Crawley, West Sussex.The company was formed on 3 September 2007 by the merger of First Choice Holidays PLC and the Tourism Division of TUI AG, which owned 56.4% of it. [2]
An all-inclusive resort, in addition to all the amenities of a resort, charges a fixed price that includes most or all items offered.At a minimum, most inclusive resorts include lodging, drinks (both alcoholic and non-alcoholic), food (three meals: breakfast, lunch, and dinner), indoor and outdoor activities, and entertainment for a fixed price.