After divesting Hotelbeds less than two years ago, Tui Group has brought one of its key assets back in house.
The deal, brokered in March, is being completed in two phases for legal reasons, says Tui.
With phase one now complete, operations in Peru, Indonesia, Vietnam, Andorra, Mauritius and France will be sewn up this month.
The final market, Malaysia, will be added by the end of September. Tui itself is already active in more than 100 destinations around the world.
Destination Management, meanwhile, operates across more than 150 offices around the world and encompasses three brands - Destination Services, Intercruises and Pacific World.
Tui sold Hotelbeds to private equity in September 2016 for a reported £930 million. Its Destination Management buyback is understood to be worth £110 million.
Hotelbeds parted with the business to focus on its bed bank brands after acquiring Tourico Holidays and GTA in June last year.
Before the deal, Tui Destination Experiences employed around 6,500 people across 23 countries. The new joint operation with Destination Management extends this to 9,000 in 48 countries.
Intercruises will act as both a dedicated handling agent for Tui’s cruise brands, Tui Cruises, Marella Cruises and Hapag-Lloyd Cruises, and other clients. In total, it provides cruise handling services for major lines in 58 countries.
