The loss series of the TUI share continues on Thursday. Corporate messages cannot stop the price slide.
• TUI share deeper again
• TUI announces the first hotel management contract in Japan
• Japan sees the board as a growth market with high demand
The TUI share on Xetra released 1.21 percent to 8.14 euros on Thursday. This continues the downward trend of the past few days: In the last five trading days, investors have a minus of around nine percent in their depots.
Expansion plans do not impress investors
There is news for the business orientation of the TUI Group. The previous day, the company announced that he wanted to be active in Japan for the first time. According to this, the travel group has set another milestone of his international growth strategy by signing his first hotel management contract in Japan.
Specifically, the TUI Group wants to bring its hotel brands to the Japanese market for the first time with the newly built Tui Suneo Otaru, which is due to open in 2029. “The market entry of TUI Hotels & Resorts in Japan underlines our long -term endeavor to expand holiday experiences in new travel destinations and to gain new customers, especially in Asia,” Sebastian Ebel, CEO of the TUI Group, is quoted in the associated press release. “The increasing demand for Japan trips to our package tour and cruise guests makes the entry into the hotel market a logical next step in our expansion.”
The Tui Suneo Otaru should only be a first step in TUI’s Japan strategy: “The signing is only the beginning, because we are already examining other ways to expand our presence in Japan with additional locations and other renowned TUI hotel brands,” emphasizes Peter Krueger, member of the board of the TUI Group and CEO Holiday Experience.
Editor finance.net
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