TUI to Consolidate Online Businesses, Move Unit, Reuters Reports

TUI AG (TUI1) is planning to consolidate its online businesses and move the unit to Berlin from Hanover, Reuters reported, citing Germany unit head Volker Boettcher.

The German travel company is trying to catch up with online rivals such as Expedia Inc. (EXPE) and Opodo as only 15 percent of TUI’s customers book online compared with an industry average of 24 percent, Reuters said.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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