TUI Travel PLC is one of the largest non-Us companies in the hospitality industry. It is second largest in terms of sales. It follows behind TUI-GA and is ahead of Carnival PLC. TUI Travel is a UK based leisure and travel company. They are located in over 180 countries, including the US, China, and Canada. “Operating in four sectors: Mainstream, Accommodation & Destinations, Specialist & Activity and Emerging Markets, TUI Travel is focused on providing customers with a wide choice of differentiated and flexible travel experiences to meet their changing needs.” This company has over 200 brands and has recently joined a strategic venture with Intrepid Travel.
Between 2008 and 2009 the company saw a slight decease in total assets. Their assets have been on a rise since then. In 2010 the company had total assets valued at 9,245 euro. Unfortunately, total liabilities have been declining over the years and so have net assets and total equity.
The company is also going through major internal changes. They have recently appointed a new Non-Executive Director, Coline McConville. They have just created the position “Deputy Chief Executive” and appointed Johan Lundgren. Lundgren will be responsible for the Mainstream Sector of the Group. Finally, Clare Chapman has “stepped down” from being a Non-Executive Director. Chapman has held this position for the past 4 years and is moving onto being the Group People Director of BT Group PLC.
What impact will these changes have on the company as a whole?
~Nia McCarthy
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ReplyDeleteit is helpful and insightful to analyze the hospitality industry from a different prospective. A majority of the time U.S. based companies dominate world markets and other international companies, who might not rank in the top five of their industry, are cast aside. However, considering how the business world is becoming increasingly global, it is more important than ever to also analyze international companies. Their success and/or failure can greatly affect the success of world markets and U.S. companies.
ReplyDelete- Laura Iaffaldano