TUI AG
German publicly traded travel and tourism company operating hotels, airlines, and travel agencies globally.
Company Type
public
Founded
1978
Headquarters
Hanover, Germany
Stock
Frankfurt Stock Exchange: TUI1
About TUI AG
Who owns TUI?
TUI AG is publicly traded on the Frankfurt Stock Exchange under ticker TUI1. The company has a broad institutional and retail shareholder base. Alexei Mordashov's Unifirm Limited held approximately 29% of shares, but this stake is subject to EU and UK sanctions following Russia's invasion of Ukraine.
TUI AG is publicly traded on the Frankfurt Stock Exchange under ticker TUI1. The company has a broad institutional and retail shareholder base. Alexei Mordashov's Unifirm Limited held approximately 29% of shares, but this stake is subject to EU and UK sanctions following Russia's invasion of Ukraine.
Is TUI publicly traded?
Yes, TUI AG is listed on the Frankfurt Stock Exchange (ticker TUI1) and has a secondary listing on the London Stock Exchange.
Yes, TUI AG is listed on the Frankfurt Stock Exchange (ticker TUI1) and has a secondary listing on the London Stock Exchange.
When was TUI founded?
Touristik Union International (TUI) was established in 1968. The modern TUI AG emerged from Preussag AG's transformation into a tourism company in the late 1990s, with the TUI AG name adopted in 2002.
Touristik Union International (TUI) was established in 1968. The modern TUI AG emerged from Preussag AG's transformation into a tourism company in the late 1990s, with the TUI AG name adopted in 2002.
Did TUI receive government bailout money during COVID-19?
Yes, TUI received approximately 4.3 billion euros in German government aid during the COVID-19 pandemic. The company subsequently repaid the aid through capital increases and asset sales.
Yes, TUI received approximately 4.3 billion euros in German government aid during the COVID-19 pandemic. The company subsequently repaid the aid through capital increases and asset sales.
How many customers does TUI serve per year?
TUI serves approximately 19 million customers per year across its package holiday, hotel, airline, and cruise operations.
TUI serves approximately 19 million customers per year across its package holiday, hotel, airline, and cruise operations.
History of TUI AG
TUI's origins trace to 1968, when Touristik Union International (TUI) was established as a joint venture of several German travel companies. The organization was created to coordinate package holiday offerings for German consumers.
The modern TUI AG emerged from Preussag AG, a German industrial conglomerate that had been founded in 1923 as a Prussian mining and metallurgy company. In the late 1990s, Preussag's CEO Michael Frenzel led a dramatic strategic transformation, divesting the company's industrial assets and pivoting entirely to tourism.
Preussag acquired Hapag-Lloyd's tourism division in 1997, gaining control of TUI (the travel brand), Hapag-Lloyd Airlines, and other tourism assets. Preussag renamed itself TUI AG in 2002, completing its transformation from an industrial company to a tourism group.
TUI expanded aggressively through acquisitions in the early 2000s, acquiring Thomson Travel Group (UK) in 2000 and other European travel companies. The company built an integrated tourism model combining travel agencies, airlines, hotels, and cruise ships.
In 2007, TUI AG merged its tourism operations with First Choice Holidays (UK) to create TUI Travel PLC, a separately listed company. TUI AG retained a majority stake in TUI Travel PLC.
In 2014, TUI AG and TUI Travel PLC merged to create a single unified TUI AG, simplifying the corporate structure and creating one of the world's largest integrated tourism companies.
TUI was severely impacted by the COVID-19 pandemic, which effectively shut down international travel in 2020 and 2021. The German government provided TUI with approximately 4.3 billion euros in state aid to help the company survive the pandemic. TUI subsequently repaid the state aid through capital increases and asset sales.
For fiscal year 2024 (ending September 2024), TUI reported revenue of approximately 21.5 billion euros and returned to profitability following the pandemic recovery.
Brands Owned by TUI AG
TUI AG owns 0 brands in our database.
Stock Information
TUI AG Ownership: Pros & Cons
Advantages
- +One of the world's largest integrated tourism companies with approximately 19 million customers per year
- +Integrated model (travel agencies, airlines, hotels, cruises) provides competitive advantages and margin control
- +Strong brand recognition across Europe, particularly in Germany and the UK
- +Recovered from COVID-19 pandemic with approximately 21.5 billion euros in FY2024 revenue
- +Frankfurt Stock Exchange listing provides liquidity and transparency
Considerations
- -Alexei Mordashov's sanctioned 29% stake creates ongoing corporate governance complexity
- -Received approximately 4.3 billion euros in German government pandemic aid, creating reputational and financial obligations
- -Travel industry is highly cyclical and sensitive to economic conditions, geopolitical events, and health crises
- -Competition from online travel agencies (Booking.com, Expedia) disrupts traditional package holiday model
- -Environmental concerns regarding aviation emissions and mass tourism
Frequently Asked Questions About TUI AG
Who owns TUI?
TUI AG is publicly traded on the Frankfurt Stock Exchange under ticker TUI1. The company has a broad institutional and retail shareholder base. Alexei Mordashov's Unifirm Limited held approximately 29% of shares, but this stake is subject to EU and UK sanctions following Russia's invasion of Ukraine.
Is TUI publicly traded?
Yes, TUI AG is listed on the Frankfurt Stock Exchange (ticker TUI1) and has a secondary listing on the London Stock Exchange.
When was TUI founded?
Touristik Union International (TUI) was established in 1968. The modern TUI AG emerged from Preussag AG's transformation into a tourism company in the late 1990s, with the TUI AG name adopted in 2002.
Did TUI receive government bailout money during COVID-19?
Yes, TUI received approximately 4.3 billion euros in German government aid during the COVID-19 pandemic. The company subsequently repaid the aid through capital increases and asset sales.
How many customers does TUI serve per year?
TUI serves approximately 19 million customers per year across its package holiday, hotel, airline, and cruise operations.
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