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Preussag
TUI AG ( trading as TUI Group) is a German multinational leisure, travel and tourism company; it is the largest such company in the world. TUI is an acronym for ''Touristik Union International'' ("Tourism Union International"). TUI AG was known as Preussag AG until 1997 when the company changed its activities from mining to tourism. It is headquartered in Hanover, Germany, and trading on the Frankfurt Stock Exchange and Hanover Stock Exchange. It fully or partially owns several travel agencies, hotel chains, cruise lines and retail shops as well as five European airlines. These activities involve the operation of 353 hotels with 275,144 beds and it allows its brand to be used for another 65 hotels operated by third parties. These hotels accommodate 21 million guests a year. It also operates 16 cruise ships under the TUI Cruises, Hapag-Lloyd Cruises and Marella Cruises brands, as well as a fleet of 134 aircraft. History Foundation and early years The origins of the company ...
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Thomson Travel
Thomson Travel Group plc was a business formed by the Thomson Corporation of Canada, when it was floated on the London Stock Exchange in 1998. It was acquired by Preussag AG, an industrial and transport conglomerate, in 2000. The group continued until 2002 when it was renamed TUI Northern Europe Limited, a full subsidiary of TUI AG. History The company was created in 1965 when Thomson Corporation of Canada acquired four tour operators, Skytours, Riviera, Luxitours and Gaytours as well as the airline Britannia Airways, and named the combined business Thomson Travel. In 1970, the business was re-launched as "Thomson Holidays" under the leadership of Bryan Llewellyn as managing director. In 1972 Thomson acquired Lunn Poly, a small chain of agents which Thomson grew to become the largest chain of travel agents in the United Kingdom. In 1981, Thomson Holidays were the first recorded users of Business-to-Business online shopping Online shopping is a form of electronic co ...
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Hapag-Lloyd
Hapag-Lloyd AG is a German international shipping and container transportation company, the 5th biggest in the world. It was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and Norddeutscher Lloyd. History The company was formed on 1 September 1970, by the merger of two German transportation/maritime companies, Hamburg America Line, Hamburg-American Line (HAPAG), founded in 1847, and Norddeutscher Lloyd (known in English as North German Lloyd), which was formed in 1857. Since its formation, Hapag-Lloyd has seen changes among its shareholders and has also undergone a number of mergers with other companies. For instance, Hapag-Lloyd was completely acquired by, and became a subsidiary of TUI AG (Hanover) in 1998. This transition was followed by TUI selling a majority stake of Hapag-Lloyd to private investors in Hamburg in 2009 and further sales in 2012. Other important events in the history of the company include Hapag-Lloyd's acquisition of CP Ships in 2005 as wel ...
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Thomas Cook & Son
Thomas Cook & Son, originally simply Thomas Cook, was a British travel company that existed from 1841 to 2001. It arranged transport, tours and holidays worldwide. It was owned by the British government from 1948 to 1972. The company was founded by Thomas Cook in 1841 to carry Temperance movement in the United Kingdom, temperance supporters by railway between the cities of Leicester, Nottingham, Derby and Birmingham. In 1851, Cook arranged transport to the Great Exhibition of 1851. He organised his first tours to Europe in 1855 and to the United States in 1866. In 1865, the founder's son John Mason Cook began working for the company full-time. In 1871, he became a partner, and the name of the company was changed to Thomas Cook & Son. The company was nationalised in 1948, along with the railways, becoming part of the British Transport Commission. After de-nationalisation in 1972, it was acquired by a consortium of Trust House Forte, Midland Bank and the Automobile Association, ...
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Travel Agency
A travel agency is a private retailer or public service that provides travel and tourism-related services to the general public on behalf of accommodation or travel suppliers to offer different kinds of travelling packages for each destination. Travel agencies can provide outdoor recreation, arranging logistics for luggage and medical items delivery for travellers upon request, public transport timetables, car rentals, and bureau de change services. Travel agencies can also serve as general sales agents for airlines that do not have offices in a specific region. A travel agency's main function is to act as an agent, selling travel products and services on behalf of a supplier. They are also called Travel Advisors. They do not keep inventory in-hand unless they have pre-booked hotel rooms or cabins on a cruise ship for a group travel event such as a wedding, honeymoon, or other group event. Business model Travel agencies often receive commissions and other benefits an ...
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WestLB
Westdeutsche Landesbank (, abbreviated as WestLB) was a major German bank based in Düsseldorf, mainly controlled by the German state of North Rhine-Westphalia. It was created in 1969 by the merger of two predecessor entities respectively for the Rhineland and Westphalia. As a Landesbank, WestLB's core business was wholesale banking on behalf of the region's Sparkassen, but it expanded into numerous risky activities that ultimately led to its restructuring and dismantlement in the late 2000s. As of 30 June 2012, the residual operations of WestLB were transferred to a legacy non-bank entity, Portigon Financial Services AG. Background WestLB's origins go back to an unusual initiative of the Swedish government, which in 1818 offered 160,000 taler to the Prussian province of Westphalia as reparation for damages inflicted by Swedish and Dutch forces during the Napoleonic Wars. Prussian statesman Karl von Vincke declared that sum the property of all Westphalia to be used for economi ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ...
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Leisure Industry
The leisure industry is the segment of business focused on recreation, entertainment, sports, and tourism (REST)-related products and services. The field has developed to the point of having university degrees and disciplines focused on it, such as the Cornell University School of Hotel Administration, Webber, and San Jose State University's departments of hospitality, recreation and tourism management. Some universities offer leisure degrees, two of those universities can be found in the Netherlands: the Breda University of Applied Sciences and the NHLStenden University of Applied Sciences. Both offers bachelor's in international leisure management, the latter of which is branded as International Leisure & Events Management. See also * Gambling Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances o ...
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Salzgitter AG
Salzgitter AG is a German company, one of the largest steel producers in Europe with an annual output of around seven million tonnes. With over 100 subsidiaries and associated companies, the Group is structured in four business units – Steel Production, Steel Processing, Trading and Technology – under the umbrella of a management holding company. Activities The group's principal activity is to manufacture steel and associated products. The products include heavy profile steel sheets, hot-rolled wide strips and steel strips, heavy and medium weight plates, and sheet steel. The company also owns 29.99% of Aurubis which is the largest copper producer in Europe and as well the largest copper recycler worldwide. History The history of the company goes back to 1858, when in Peine the Ilseder Hütte started. The company was part in 1937 as Reichswerke Hermann Göring, Neumann, Klaus. Shifting memories: the Nazi past in the new Germany', University of Michigan Press 2000, pp ...
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Ruhr Area
The Ruhr ( ; , also ''Ruhrpott'' ), also referred to as the Ruhr Area, sometimes Ruhr District, Ruhr Region, or Ruhr Valley, is a polycentric urban area in North Rhine-Westphalia, Germany. With a population density of 1,160/km2 and a population of over 5 million (2017), it is the largest urban area in Germany and the third of the European Union. It consists of several large cities bordered by the rivers Ruhr to the south, Rhine to the west, and Lippe to the north. In the southwest it borders the Bergisches Land. It is considered part of the larger Rhine-Ruhr metropolitan region of more than 10 million people, which is the third largest in Western Europe, behind only London and Paris. The Ruhr cities are, from west to east: Duisburg, Oberhausen, Bottrop, Mülheim an der Ruhr, Essen, Gelsenkirchen, Bochum, Herne, Hagen, Dortmund, Hamm and the districts of Wesel, Recklinghausen, Unna and Ennepe-Ruhr-Kreis. The most populous cities are Dortmund (with a population of app ...
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TUI KWA4
Tui or TUI may refer to: Places * Tui, Pontevedra, Spain * Tui, Iran, West Azerbaijan Province, Iran * Tui, North Khorasan, North Khorasan Province, Iran * Tui Province, Burkina Faso * Tui railway station, New Zealand Computing * Tangible user interface, in which people interact with digital information through the physical environment * Text-based user interface, as distinct from a graphical user interface * Touch user interface, a computer-pointing technology Organisations * TUI Group, a tour operator ** TUIfly, several airlines owned by TUI Group ** TUI Travel, a British leisure travel group that merged with TUI Group ** TUI Airways, the charter airline company owned by TUI Group * North Tui Sports, a 1930s New Zealand aircraft * Teachers' Union of Ireland, a trade union * Trident University International, an online university in the United States Other uses * Tūī, a New Zealand native bird * Tui (name), a Polynesian given name and surname * Tui (beer), a brand of bee ...
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Marella Cruises
Marella Cruises (formerly Thomson Cruises) is a British cruise line operated by TUI UK, offering cruise holidays around Europe, the Caribbean, and Asia. History The company had initially entered the cruise market in 1973, but due to rising fuel costs the venture was terminated in 1976. In 1995, Thomson restarted their cruise line after their competitor Airtours had made a successful entry in the cruise business under their Sun Cruises brand. On 9 October 2017, TUI Group announced that Thomson Cruises would be rebranded in late October 2017 as Marella Cruises, with all of the existing Thomson fleet adopting the name change either from Thomson or TUI to Marella (except Thomson Spirit which will be renamed ''Spirit'' and Thomson Majesty which will be transferred to Celestyal Cruises). The line also announced that it would base TUI Discovery in Asia for the Winter season of 2018, with the ship being based out of Malaysia, the first in the line's history. MS ''Island Escape'' wa ...
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TUI Cruises
TUI Cruises is a cruise line based in Germany. It was formed in 2007 as a joint venture between the German tourism company TUI AG and the United States, American cruise line operator Royal Caribbean Group, each of which owns a 50% stake in the company. History The company started operations in 2009 and competes with AIDA Cruises for the German market. It targets German-speaking customers who opt for a premium cruise experience. The onboard product, including food, entertainment and amenities, is tailored for German tastes and German is the main language used onboard its ships. Due to lack of new-building capacity, TUI Cruises started by acquiring the cruise ship ''Celebrity Galaxy'', which was built by Meyer Werft and was owned by another Royal Caribbean Cruises Ltd., RCCL subsidiary, Celebrity Cruises. She left the Celebrity fleet on 16 March 2009. After acquiring ''Celebrity Galaxy'', the ship headed to Lloyd Werft shipyards in Bremerhaven, Germany. She arrived on 27 March 20 ...
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