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TUI Airways has its origins in several rival airlines. Euravia (later renamed Britannia Airways in December 1964 [6]) was founded in January 1962. [7] Orion Airways, founded in 1979 by Horizon Holidays and later owned by the large brewing firm Bass Brewery and InterContinental Hotels Group, was sold and merged with Britannia Airways in 1989 but retained the Britannia name.
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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 ]
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If more than one travel agency is booking under the same accreditation number, the agency of record is called a host agency. [5] This is a popular model in the United States, with surveys show anywhere from 43-85% of leisure agencies now booking under a host agency. [6] [7] [8]
Headquartered in Hanover, Tui owns more than 400 hotels, 16 cruise ships, five airlines and 1,200 travel agencies. The group employs more than 60,000 staff, according to its website.
Thomson Travel Group plc was a business formed by the Thomson Corporation of Canada, when it was floated on the London Stock Exchange in 1998. It was acquired by Preussag AG, an industrial and transport conglomerate, in 2000. The group continued until 2002 when it was renamed TUI Northern Europe Limited, a full subsidiary of TUI AG.