Tui

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.

Bulgaria only lags behind Spain as Russians' choice to spend their holiday, a Russian survey says.

"Europe was less popular in 2014 if compared to Turkey and Egypt. The drop in demand was registered as early as in spring. This was why tourist operators optimized the summer program, trying to conform it to the real tourist demand," the operator TUI Russia's website informed Thursday.