The merger between TUI AG and TUI Travel PLC has created the world’s number one integrated tourism group.
TUI Travel's Accommodation and Destinations (A&D) division has been rebranded to Hotelbeds Group.
Hotelbeds Group recently announced a growth in sales by 10% in 2014 (year ending 30 September) and 4,048 million euros in Total Transaction Value (TTV). Its EBITDA increased by 13% to 132 million euros, with EBITA reaching 100.6 million euros. The company has once again significantly outperformed the global tourism industry.
Among Hotelbeds Group’s other brands include Destination Services, Activities, Laterooms, Intercruises and Roiback.