TUI Group

TUI Group, the world's largest tour operator, reported a 40 percent drop in bookings to Turkey this summer due to safety concerns and said it was investing in Cape Verde and Bulgaria as alternatives to security-threatened North Africa. 

Officials at TUI Russia believe that Bulgaria has all the chances to become the most sought-after destination for ??early booking by Russian tourists this summer, Travel Russian News reported on Friday.

Bulgaria has attracted more than 60% of the early bookings for the upcoming summer season, according to trn-news.ru.

TUI, the world?s largest leisure tourism group, is considering a spin-off of its non-core assets, which have turnover of about three billion euros ($3.33 billion), London?s The Times newspaper reported on Aug. 17.

Strong summer holiday demand offset the impact of the Tunisian beach massacre for TUI which said annual profit would come in at the upper end of its forecast range.

Travel firm Thomas Cook has warned that cancelations of holidays to Tunisia after a beach gun attack, concerns regarding Greece's potential exit from the euro and a currency hit would knock 64 million pounds ($100 million) off this year's profit.

Alternate Tourism Minister Elena Kountoura addressed the Hospitality Forum and Awards Conference with the message that tourism unites Greeks. Quoting Bank of Greece figures she said that Greek tourism was on a good course. In the first quarter of 2015, arrivals rose 45%.

TUI Group, the world's largest leisure tourism group, said it was on track to grow underlying profits by between 10 and 15 percent this year as it announced plans to sell British hotel booking website LateRooms. 

TUI Group wants to restructure its cruise businesses and airline brands and focus more online bookings after its merger to create a giant. TUI Group plans to restructure its airline brands and cruise businesses and drive more online bookings now its merger to create a tourism group with annual sales of over $20 billion has completed.