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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.
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]
TUI has a controlling congress, later called a conference, an administrative committee, a bureau and a secretariat. [2] The union also had five branch commissions dealing with different sectors of the transportation industry: ports, civil aviation, railroads, maritime and motor transport. [3] The Headquarters moved many times.
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 ...
High street shops concentrated on package holidays, specialized offices were structured to serve the needs of business and industry. This business model was highly successful throughout the 1970s and 1980s. By the end of the 1980s, Lunn Poly had over 500 shops, and by the mid-1990s it was the largest travel agency in the UK.
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.
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After TUI UK merged with First Choice Holidays in September 2007, it became part of TUI Travel PLC. The new holiday company continued with both in-house airlines (Thomsonfly and First Choice Airways) through winter 2007 and summer 2008 until the two were merged on 1 November 2008 as Thomson Airways .
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