March 31, 2022
Bernd Kaiser succeeds Thomas Pietzka as Managing Director TUI Hotels & Resorts
Hotels & Resorts
The management team of TUI Hotels & Resorts has been repositioned. As of 1 April 2022, Bernd Kaiser will complement the dual leadership of the TUI Group's hotel segment. He succeeds Thomas Pietzka, Managing Director TUI Hotels & Resorts and Cruise Joint Ventures, who has decided to leave the Group to pursue new professional challenges. Bernd Kaiser, previously Group Director Treasury, is a long-standing TUI manager and brings a broad range of experience in mergers & acquisitions, corporate development, finance and treasury to his new role as successor.
TUI Hotels & Resorts will retain its proven structure. Bernd Kaiser's unit will continue to manage the Group's own hotel assets and joint venture investments as well as drive portfolio development and investments. In addition, his team will be responsible for advising the global hotel fund initiated earlier this year. The strong financing and investment structure enables further growth in the hotel sector, but in a less capital-intensive way.
Growth and long-term partnerships as well as portfolio adjustments and efficiency improvements, have been decisive factors in making the hotel sector one of the Group's key revenue pillars in recent years "Thomas Pietzka has been instrumental in the successful development of TUI's hotel business over the past ten years. Under his leadership, the division more than doubled its operating profit between 2013 and 2019," says Peter Krueger, member of the TUI AG Executive Board responsible for Group Strategy and M&A, as well as TUI's airline, cruise and hotel assets and JVs. "We wish him every success and all the very best for his professional and private future and Bernd Kaiser a successful start in his new role."
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 MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. TUI Group offers its 20 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 17 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.
