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TUI Deutschland
... is bought by Michael Frenzel and his team. -
Majority in Thomas Cook
The TUI group acquired the majority of Thomas Cook, one of the biggest tourism services group. -
Acquisition of Nouvelles Frontieres and Fritidsresor
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TUI Air Management
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Cost-cutting programme
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Competition struggles to achieve economies of scale, increasing debt burden
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TUI opens low-cost agency called "Touristik Express"
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TUI enters Russia and China
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Record year for tourism
10.6% of total GDP consisted of tourism, number of tourists exceeded 800 million in the year -
Virtual tour operator Touropa
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TUI is biggest tour operator in Europe
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TUI creates All-inclusive packages
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TUI achieves 21% market share and dominates the tourism industry