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 one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the Prime Standard of the Frankfurt Stock Exchange, in the regulated market of the Lower Saxony Stock Exchange in Hanover and in the FTSE 250, an index of the London Stock Exchange. TUI Group offers its 19 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, 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 and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.

Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, 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. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.