Hanover, 15 December 2017

TUI Group extends its position in Switzerland

  • The take-over of Cruisetour AG will make TUI Suisse the leading agent for cruises in Switzerland.

The TUI Group continues to invest in the strategic core and growth area of cruises. In Switzerland, the world's leading tourism group is taking over Cruisetour AG and Croisimonde AG. Both companies are specialists in the marketing of cruises and jointly the market leaders in this field. As a result of the takeover, TUI Suisse will become the leading marketer of cruises in Switzerland and, at the same time, strengthen its own position as one of the country's largest tour operators.

The TUI Group is taking over 100 percent of the shares of Cruisetour AG and Croisimonde AG from their previous owners. Cruisetour AG has been operating in Switzerland for 15 years as a leading agent for cruise tours in German-speaking Switzerland and French-speaking Switzerland. The companies have agreed not to release details of the purchase price. The previous management of the companies will continue to run the business under the successful Cruisetour brand.

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 MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. 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 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.

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