Hanover, 6 May 2019

TUI Group to expand high-margin hotel business – more than 20 new hotels in 11 countries added to portfolio

  • Opening of own hotels and international concept hotels
  • Debut in Greece: 3 hotels in Kos acquired at auction
  • Executive Board member Sebastian Ebel: “TUI is consistently expanding its position as leading leisure hotelier.“

TUI Group is further expanding its position as the world’s leading leisure hotelier, strengthening the Group’s high-margin hotel segment. In the next few weeks, the Group is set to open more than 20 new hotels across eleven countries in Europe, Africa and Asia. Strong growth will be delivered, in particular, for the concept hotel brands TUI Sensimar, TUI Family Life and TUI Sensatori. The all-inclusive club brand TUI Magic Life will offer three new resorts this Summer, and the long-standing joint venture partners Riu and Atlantica will also expand their portfolios.

“Hotels & Resorts, Cruises and Destination Experiences are TUI’s major growth areas. We are consistently expanding these businesses, which already account for around 70 per cent of our Group’s earnings. The hotel segment is less cyclical than the highly competitive traditional tour operator business, now accounting for 30 per cent of TUI’s earnings. We are consistently investing in hotels, ships and the expansion of our digital platforms for destination activities,” said TUI Executive Board member Sebastian Ebel, in charge of the Hotels & Resorts and Cruise businesses. TUI Group currently comprises around 380 hotels and 17 cruise ships.

On 1 May alone, ten new hotels opened their doors for their guests on a single day. The expansion will continue over the next few weeks. By the end of the Summer season, significantly more than 20 new hotels and a yacht of the adults-only brand TUI Sensimar will complement the portfolio. “We are expanding both our own hotel portfolio and our concept hotel brands, in cooperation with long-standing joint ventures and other hotels partners,” said Ebel.

The acquisition of a vast hotel complex in the Greek island of Kos marks the debut of a special approach to hotel investments by TUI. Due to changes in the law in Greece, a public auction was held for the first time, at which TUI’s joint venture Atlantica successfully submitted the winning bid. The three former Lakitira hotels have now officially been integrated into the portfolio of the world’s leading tourism group.

In a special themed section this year's new additions to the TUI Hotels & Resorts portfolio are being presented in more detail. The section includes fact sheets and photos of the different properties that have already opened. It will constantly be expanded over the next few weeks, as new hotels join the TUI brand.

About Atlantica

Atlantica is the only Cyprus-based hotel company and a member of TUI Group, the world’s largest tourism organisation. The company’s portfolio includes a total of 50 hotels in Cyprus, Greece and Egypt.  

About Riu

The international RIU hotel chain was founded by the Riu family as a small family-run business in 1953. RIU Hotels & Resorts currently operates 93 hotels in 19 countries.

About TUI Group

TUI Group is a leading global tourism group and operates worldwide. The Group is headquartered in Germany. TUI shares are listed on the FTSE 250, an index of the London Stock Exchange, on the regulated market of the Hanover Stock Exchange and on the Open Market segment of the Frankfurt Stock Exchange. The TUI Group offers integrated services from a single source for its 19 million customers.

The entire tourism value chain is covered under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, from the MS Europa and the 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 Great Britain. The Group also includes leading tour operator brands and online marketing platforms across Europe, five airlines with more than 130 modern medium and long-haul aircraft and around 1,200 travel agencies. In addition to expanding 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. The TUI Care Foundation, initiated by TUI, focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards with projects in 25 countries. It thus supports holiday destinations in their development.