Hanover, 15 December 2017

TUI Group extends its position in Switzerland

  • The take-over of Cruisetour AG will make TUI Suisse the leading agent for cruises in Switzerland.

The TUI Group continues to invest in the strategic core and growth area of cruises. In Switzerland, the world's leading tourism group is taking over Cruisetour AG and Croisimonde AG. Both companies are specialists in the marketing of cruises and jointly the market leaders in this field. As a result of the takeover, TUI Suisse will become the leading marketer of cruises in Switzerland and, at the same time, strengthen its own position as one of the country's largest tour operators.

The TUI Group is taking over 100 percent of the shares of Cruisetour AG and Croisimonde AG from their previous owners. Cruisetour AG has been operating in Switzerland for 15 years as a leading agent for cruise tours in German-speaking Switzerland and French-speaking Switzerland. The companies have agreed not to release details of the purchase price. The previous management of the companies will continue to run the business under the successful Cruisetour brand.

About TUI Group

The TUI Group is the world's leading tourism group and operates worldwide. The Group is headquartered in Germany. The TUI share is listed on the FTSE 250, the leading index of the London Stock Exchange, and on the Regulated Unofficial Market in Germany.

The TUI Group offers integrated services from a single source for its 28 million customers, 21 million of whom are in the European national companies. The entire tourism value chain is represented under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 15 cruise ships, from the MS Europa and MS Europa 2 in the luxury class and expedition ships to the Mein Schiff fleet of TUI Cruises and cruise ships at Marella Cruises in England. The Group also includes Europe's leading tour operator brands and online marketing platforms, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. Besides the expansion of its core business with hotels, cruises via successful joint ventures and activities in holiday destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a digital company.

Global responsibility for sustainable economic, ecological and social action is at the core of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, education and training and the strengthening of environmental and social standards. It thus supports the development of holiday destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.

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