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Tui completes DMC buyback from Hotelbeds

Operators
James Chapple
2 August 2018

Tui has completed its acquisition of Destination Management from the Hotelbeds Group.

1.30pm: Travel firms reach out to former Cook employees

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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.