TUI adopts Hotelbeds name

PALMA DE MALLORCA  Following the merger of TUI Travel PLC and TUI AG, TUI Travel Accommodation & Destinations announced, Tuesday, that it has assumed the trading name Hotelbeds Group.
The tour operator group’s core business comes under Hotelbeds, a leading bed bank, worldwide,together with a range of global businesses related to travel and hospitality.
The change recognises the fact that the Hotelbeds brand represents the most significant part of TUI’s business.
Hotelbeds Group presented its full year results recently, announcing a growth in sales of 10% in 2014 (year ending 30 September) and EUR4,048 million in Total Transaction Value (TTV).
inside no 6Its 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.
Hotelbeds Group is part of TUI Group that claims to have more than 30 million travel customers and operates in over 180 countries.
Hotelbeds Group provides hotel accommodation, transfers, excursions and tours, meetings and events, visa outsourcing and cruise handling services. Its main clients are tour operators, travel agencies, corporate clients and final consumers. Its brands include Hotelbeds, LateRooms.com, Destination Services and Intercruises.
Hotelbeds Group provides these services to the tourism industry, corporate clients and directly to the consumers worldwide. (PrNewswire).

sourced:ttrweekly.com