TUI Travel Accommodation & Destinations now called Hotelbeds Group

Friday, 9 January 2015 03:15 - - {{hitsCtrl.values.hits}}

Following the merger of TUI Travel PLC and TUI AG, TUI Travel Accommodation & Destinations has announced that it will be called Hotelbeds Group. The change recognises the fact that the Hotelbeds brand represents a significant part of the business. Hotelbeds Group recently presented its full year results, announcing a growth in sales by 10% in 2014 (year ending 30 September) and EUR4,048 million in Total Transaction Value (TTV). Its EBITDA increased by 13% to EUR132 million, with EBITA reaching EUR100.6 million. Among Hotelbeds Group’s other brands are Destination Services, Activities, Laterooms.com, Intercruises and Roiback. Following the merger of TUI Travel PLC and TUI AG, the new organisation for TUI Group comprises mainstream and non-mainstream. Hotelbeds Group will be part of non-mainstream and drive a focused strategy to further accelerate growth.

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