TUI Travel’s Accommodation and Destinations (A&D) division has been rebranded to Hotelbeds Group under its merger with TUI AG.
While recognising the significance of the Hotelbeds bedbank to its business, the group also includes the Destination Services, Activities, Laterooms.com, Intercruises and Roiback brands.
It will be part of TUI Group’s non-mainstream arm with a focused growth strategy.
In TUI Travel’s most recent trading update Hotelbeds Group had posted a 10% growth in sales with EBITDA up 12% to EUR132 million.
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