Regarding the stock market, TUI Group is listed on the Frankfurt Stock Exchange under the symbol TUI1. It is also listed on the London Stock Exchange under the symbol TUI. TUI Share Price as of this post is at 1,443.00 GBp on the London Stock Exchange (LSE).
Like all publicly traded companies, the stock price of TUI Group is subject to fluctuations based on various factors, including market conditions, industry trends, economic factors, and company-specific news and events.
Brief Background of TUI Group
TUI Group, formerly known as Preussag AG, has a long and complex history that dates back to the 1920s. Here is a brief overview of the company’s history:
- 1923: Norddeutscher Lloyd (NDL), a shipping company based in Bremen, Germany, established a travel department to offer holidays to its passengers.
- 1927: The travel department of NDL becomes an independent subsidiary called “Norddeutscher Lloyd Reisebüro GmbH.”
- 1950: TUI (Touristik Union International) is founded as a cooperative of German travel agencies.
- 1964: TUI becomes a joint-stock company and goes public on the Frankfurt Stock Exchange.
- 1997: TUI acquires Hapag-Lloyd, a German shipping company, and changes its name to Preussag AG.
- 2002: Preussag AG changed its name to TUI AG and began focusing on the travel and tourism industry.
- 2007: TUI AG merges with the British travel company First Choice Holidays to create TUI Travel PLC.
- 2014: TUI Travel PLC and TUI AG merge to form TUI Group, headquartered in Hanover, Germany.
- 2020: TUI Group is hit hard by the COVID-19 pandemic, which has led to the cancellation of many of its travel services and a decline in its stock price.
- Today, TUI Group operates in over 100 countries and employs over 70,000 people. The company offers travel and tourism services, including flights, hotels, cruises, and package holidays.
Advantages of Investing in TUI
Investing in TUI Group may offer several potential advantages, including:
- Exposure to the travel and tourism industry. TUI Group is one of the world’s largest leisure, travel, and tourism companies in over 100 countries. By investing in TUI Group, investors can gain exposure to the travel and tourism industry, which can be a high-growth sector in the long term.
- Diversification. TUI Group’s business is diversified across multiple markets, regions, and segments. This can provide investors with a level of diversification in their portfolio, helping to mitigate risk and potentially improve returns.
- Strong brand. TUI Group is a well-known and trusted brand in the travel and tourism industry. This can provide a competitive advantage and help the company to attract and retain customers, even in challenging market conditions.
- Growth potential. TUI Group’s long-term growth strategy includes expanding its digital capabilities, investing in sustainable tourism, and expanding its presence in high-growth markets. This could lead to potential growth opportunities for the company and its investors.
- Dividend income. TUI Group pays a dividend to its shareholders, which can provide a source of income for investors.
TUI Group operates in the highly competitive travel and tourism industry, and it faces competition from a variety of companies, including:
- Expedia Group. Based in the United States, Expedia Group operates several online travel brands, including Expedia, Hotels.com, and Orbitz. In addition, it provides various travel-related services, including flights, hotels, rental cars, and vacation packages.
- Booking Holdings. Also based in the United States, Booking Holdings is a leading online travel company that operates several brands, including Booking.com, Priceline, and Kayak. In addition, it offers various travel-related services, including accommodations, flights, and rental cars.
- Airbnb. Based in the United States, Airbnb is a popular online platform that allows people to rent out their homes or apartments to travelers. It has disrupted the traditional hotel industry and has expanded into other travel-related services, such as experiences and transportation.
- Thomas Cook Group. Based in the United Kingdom, Thomas Cook Group was a significant competitor to TUI Group before it declared bankruptcy in 2019. It offered various travel-related services, including package holidays, flights, and hotels.
- Accor. Based in France, Accor is one of the world’s largest hotel companies, with a portfolio of more than 4,800 hotels in 100 countries. It offers a range of accommodations, from budget to luxury, and operates several brands, including Novotel, Sofitel, and Pullman.