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TUI announced a merger of its travel division with the British tour operator First Choice in March 2007, [10] which was approved by the European Commission on 4 June 2007, on the condition that the merged company sell Budget Travel in Ireland. [11] TUI held a 55% stake in the new company, TUI Travel PLC, which began operations in September 2007 ...
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]
When Thomson Travel was floated in 1998, new shareholders were given membership in the "Thomson Founders' Club" which offered a 10% discount on Thomson holidays. Membership was conditional on retaining a minimum of 294 shares, but when Thomson Travel was acquired by Preussag membership of the Founders' Club was made permanent and unconditional.
In 2011, Celebrity Mercury was sold by Celebrity fleet to become Mein Schiff 2 for TUI Cruises. [24] The fourth Solstice-class ship the Celebrity Silhouette entered service in 2011. The Celebrity Reflection was delivered in 2012. In 2014, Celebrity Cruises launched a blog called "Catalyst," which covered travel, fashion, and culture. [25]
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In May 2015, TUI Group announced that as part of their modernization strategy, TUI Cruises' Mein Schiff 1 and Mein Schiff 2 would be transferred to Thomson Cruises over the next few years. [ 7 ] In October 2015, the Island Cruise brand was discontinued after the sole ship Island Escape completed her last scheduled cruise with Thomson Cruises .
Growth was stronger in the July-September quarter, at 3.1%, but the fourth-quarter expansion was held back by a sharp reduction in business inventories, which should reverse in coming quarters.
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