TUI Travel Accommodation & Destinations Now Called Hotelbeds Group

Following the merger of TUI Travel PLC and TUI AG, TUI Travel Accommodation & Destinations has announced that it will be called Hotelbeds Group.

The change recognizes the fact that the Hotelbeds brand represents a significant part of the business.

Hotelbeds Group recently presented its full year results, announcing a growth in sales by 10% in 2014 (year ending 30 September) and EUR4,048 million in Total Transaction Value (TTV). Its EBITDA increased by 13% to EUR132 million, with EBITA reaching EUR100.6 million.

Among Hotelbeds Group's other brands are Destination Services, Activities, Laterooms.com, Intercruises and Roiback.

Following the merger of TUI Travel PLC and TUI AG , the new organisation for TUI Group comprises mainstream and non-mainstream. Hotelbeds Group will be part of non-mainstream and drive a focused strategy to further accelerate growth.