Hanover / Frankfurt, 23 December 2019

TUI Group sells German holiday home provider Wolters Reisen

Group continues to sharpen its profile: Focus on core business as an integrated tourism group

  • Holiday home and tours provider Wolters Reisen sold to Frankfurt-based e-domizil
  • Group continues to reduce its dependence on traditional tour operation, increases its focus on its core business with hotels, cruises and destination activities

TUI Group consistently continues its transformation to focus on its core business with hotels, cruises and destination activities. The world’s leading tourism group has sold holiday home and tours specialist Wolters Reisen to Frankfurt-based e-domizil. The parties have agreed not to disclose the purchase price. The purchase contract was signed in Frankfurt. The transaction marks a further step towards a sharpening of TUI’s profile as a vertically integrated tourism group and reduces its dependence on the traditional tour operation business. Wolters Reisen does not leverage any or only very few synergies for TUI’s core business. The sale to the new owner will enhance the company’s prospects for the future and open up additional development potential for its employees.

The closing of the transaction is subject to the necessary approvals by the relevant authorities and is expected for the end of February 2020. Wolters Reisen, based in Dusseldorf and Stuhr near Bremen, employs 250 people. The company is a specialist for holiday homes and tours to Northern Europe. TUI Group had held a stake of 100 per cent through a holding company.

e-domizil is a wholly-owned subsidiary of e-hoi Group, which employs around 350 people in Germany, the Netherlands, Switzerland and Belgium (before the acquisition of Wolters Reisen).  Apart from the holiday home business offered under the e-domizil master brand, the group also operates a cruise business under the e-hoi brand and a round trip business under the e-kolumbus brand. The group continues to be owned by its founders and is managed by CEO Detlev Schäferjohann.

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.