Federal government promises Tui KfW loan of 1.8 billion euros

Tui The group should get a loan because of the slump in sales in the corona crisis. (Photo: dpa) Dusseldorf The travel company Tui, which had financial difficulties due to the corona crisis, takes the first hurdle for the bridging loan application. The Federal Government announced 1.8 billion euros in funds to come from the […]

Tourism groups put the travel agencies in the checkout

Dusseldorf Martin Cyrus Nurischad, head of a four-person travel agency in Rennerod, Westerwald, is hardly to be envied for his current situation. He recently had to cancel a fully organized trip to Iran at a high loss, the business of the medium-sized company has ceased for days and the office is orphaned. But he hopes […]

Travel companies call the state for help because of the Corona crisis

Tui machine If providers like Tui slip into bankruptcy, the state could face payments in the hundreds of millions. (Photo: NurPhoto / Getty Images) Dusseldorf The world’s largest tour operator Tui is not alone in applying for government aid in Germany. Competitor FTI Touristik, which generated 4.2 billion euros in the past financial year and […]

Tui takes profit forecast and wants to apply for government aid

new York Travel company Tui has suspended most of its operating business due to the corona virus until further notice. Vacation packages, cruises and hotel operations are also affected. Also pulls Tui his forecast for the current financial year. The management board refrains from making a new forecast, as the group said on Sunday evening. […]

Tui largely shuts down and wants to apply for government aid

New York, Hanover Travel company Tui has suspended most of its operating business due to the corona virus until further notice. Vacation packages, cruises and hotel operations are also affected. So wool Tui “Contribute to the global efforts of governments” to mitigate the consequences of the spread of the Covid 19 pathogen. Tui is also […]

What happens to infected Mallorca vacationers

Palma de Mallorca Holidays on the quarantine station instead of on the beach and in the hotel – many people are currently concerned about their planned vacation. Because the spread of the corona virus is also progressing faster and faster in Europe, with serious consequences. In Italy, for example, some cities currently appear to be […]

Uncertainty in tourism is increasing

Tui-Brochures The market leader has lost almost a third of its value in the past two weeks. (Photo: AP) Frankfurt The travel industry is still talking its misery nicely. “We see increasing uncertainty among holiday customers,” said Norbert Fiebig, President of the mighty German Travel Association (DRV) on Thursday in Frankfurt. He hopes that the […]

Coronavirus: Burglary in tourism costs Asia billions

coronavirus So far, the disease has spread mainly in China. (Photo: AP) Singapore The slump in tourism resulting from the coronavirus epidemic, according to a study, costs Asia up to $ 115 billion in economic output alone. In a study published on Monday entitled “Vacation in Hell”, the experts from the Netherlands Bank ING assume […]