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who owns kuoni travel

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DER Touristik

Why did JTB group buy Kuoni global travel investment?

The JTB Group has acquired all shares of Kuoni Travel Investment, i.e. Kuoni Global Travel Services, for an undisclosed sum. It will manage the new company under the JTB European managing company TPE. JTB’s president CEO Hiroyuki Takahashi said the acquisition is part of a plan to strengthen the inbound business from Asia to Europe.

Why choose Kuoni Travel?

Kuoni is the first travel company to win both the TTG and Travel Weekly Best Longhaul Operator award for 10 years in a row. Kuoni wins first ever award for ‘World’s Best Tour Operator’ at the World Travel Awards and Kuoni acquires Voyages Jules Verne. Kuoni World Class is launched, a collection of the world’s finest handpicked holidays.

What is Kuoni Kudos?

We launch the KUDOS Reservations System for travel agents, the first system to offer considerable flexibility. Kuoni is the first travel company to win both the TTG and Travel Weekly Best Longhaul Operator award for 10 years in a row.

What happened to the Kuoni Group?

A year later, EQT VII, the Swedish private equity company that owns Scandic Hotels purchased the Kuoni Group. The intention was to focus on the three core businesses of Kuoni: GTA, GTS (Kuoni Global Travel Services including Destination Management Specialists) and VFS.

What is Kuoni World Class?

Kuoni World Class is launched, a collection of the world’s finest handpicked holidays.

What is Kuoni reservation system?

Kuoni installs a computerised reservations system, revolutionising the speed and flexibility of tailor-making holidays.

When did Kuoni travel to the UK?

Kuoni grew to be the biggest travel company in Switzerland and arrived in the UK in 1965 . Since then, Kuoni has grown to become the country’s leading longhaul tour operator, has picked up over 200 service and travel awards and has opened over 40 beautiful Kuoni stores.

Where did Kuoni buy Challis and Benson?

Kuoni purchases Challis and Benson in London’s Bond Street.

Is Kuoni a good company?

Kuoni becomes one of the Sunday Times’ 100 Best Companies to Work For in the mid-sized category. We launch a responsive website so you can view it easily on your mobile and introduce webchat. We launch a new all-inclusive brochure, pick up eight awards and partner with Ski Independence to offer ski holidays. We also open Kuoni at John Lewis stores in Bristol’s Cribbs Causeway and Norwich; as well as Kuoni stores in High Wycombe and the Metrocentre in Gateshead.

Is Kuoni a family tour operator?

Kuoni wins Favourite Family Tour Operator at the Sunday Times Travel Magazine Awards for the second year in a row. We also pick up the Travel Agents Choice Award for the Indian Sub-Continent and are named Star Wedding & Honeymoon Operator at the Travel Bulletin Awards. Kuoni stores open in Solihull, Cheltenham, Nottingham, Liverpool and Meadowhall.

Who is the MD of Kuoni Explore magazine?

Derek Jones takes over as MD. Kuoni Explore magazine is launched, as well as a collection of responsible tourism holidays called Ananea. We become a Which? Recommended Provider and pick up numerous awards, including Best Luxury Tour Operator at the Sunday Times Travel Magazine Awards. We open stores in Dorking, Cambridge, London City, Leeds, Kingston, Guildford, Canterbury, Chichester, Winchester and Stratford.

What is JTB Group?

The JTB Group is a Global Destination Management Company (Global DMC) with a worldwide network of 516 offices in 100 cities in 36 countries and regions, and with approximately 26,000 employees working together. Some of Kuoni’s recent moves include: – The GTA merger into the Hotelbeds Group, announced in April 2017.

When did Kuoni merge with Hotelbeds?

Some of Kuoni’s recent moves include: – The GTA merger into the Hotelbeds Group, announced in April 2017. After a synergetic add-on acquisition in 2016, the merger into Hotelbeds represents a compelling opportunity for GTA to co-create a strong platform for future growth.

Who owns Kuoni Group?

A year later, EQT VII, the Swedish private equity company that owns Scandic Hotels purchased the Kuoni Group. The intention was to focus on the three core businesses of Kuoni: GTA, GTS (Kuoni Global Travel Services including Destination Management Specialists) and VFS.

Is Kuoni Global Travel Services a JTB?

Within the JTB family, Kuoni Global Travel Services will continue to operate as a neutral land operator to work with many companies other than JTB.

Who owns Kuoni Global Travel?

The JTB Group has acquired all shares of Kuoni Travel Investment, i.e. Kuoni Global Travel Services, for an undisclosed sum. It will manage the new company under the JTB European managing company TPE.

Is Kuoni Group Travel Experts a B2B company?

To that end, Kuoni Group Travel Experts will continue as a B2B organization that provides bespoke packaged tours for leisure and incentive groups and tour operators. Its Global MICE division curates meetings, events, incentives and congresses/conventions for clients in Europe and North America, trading under the Kuoni Destination Management, Kuoni Congress, and Conference & Touring brands. Both Kuoni Group Travel Experts and Global MICE (through Kuoni Destination Management) will retain its New York office.

Who is the CEO of JTB?

JTB’s president & CEO Hiroyuki Takahashi said the acquisition is part of a plan to strengthen the inbound business from Asia to Europe. Kuoni Global Travel Services is one of the world’s leading travel companies with an important presence especially in Asian leisure and corporate groups visiting Europe, with high brand value from operating …

What markets did Kuoni travel to?

Three markets in particular were to receive its attention: the United States, Scandinavia, and India. In 1999, Kuoni acquired upscale travel company Intrav, based in St. Louis, Missouri; the Intrav acquisition, which cost Kuoni $115 million, gave it a strong opening into the booming U.S. market for luxury vacations.

What does Kuoni stand for?

Kuoni stands for reliability, best value for money, quality and fairness in business. Key Dates: 1906:Alfred Kuoni opens Travel Bureau in Zurich. 1907:Kuoni organizes first guided tour to Egypt. 1925:Company is incorporated as a joint-stock company. 1948:Subsidiaries in France and Italy are opened.

When did Kuoni merge with Gastaldi?

Also in 1998, Kuoni launched a joint venture with Italy’s Gastaldi Tours. The next year saw Kuoni face a major setback. At the beginning of 1999, the company announced its agreement to merge with the United Kingdom’s number three travel operator, First Choice Holidays.

When did Kuoni start acquisition drive?

Industry Consolidator for the 21st Century. With its independence assured, Kuoni launched its own acquisition drive in the late 1990s. In 1996, Kuoni added France’s Voice SA, and Scanditours, focused on the Nordic region. The company moved into The Netherlands with the acquisition of Special Traffic that same year.

When did Kuoni start selling around the world tours?

In 1977, the company began marketing its first around-the-world tour. In the 1980s, Kuoni began to acquire properties in many of its most popular destinations, adding a number of hotels, including the Hawksbill Beach Hotel in Antigua in 1981 and the Discovery Bay Beach Hotel in Barbados, bought in 1984.

Where is Kuoni Travel located?

Kuoni Travel Holding Ltd. oversees one of Europe’s top five travel and tour groups. Based in Zurich, Switzerland, the company is particularly strong in both its domestic and U.K. markets, but is also present throughout Europe, especially in Scandinavia, with a rising presence in the United States and Asian markets.

Is Kuoni a takeover?

Yet Kuoni’s strong position in the Swiss market and its growing share internationally soon led it to become the target of a takeover attempt. The sale of SwissAir’s 30 percent holding created the opening for Germany’s Krauthof AG department store group to acquire a 50.1 percent majority of Kuoni in 1992.

What is Kuoni’s public listing?

The company ’ s listing on the Swiss stock exchange provided fuel for new growth, while opening up the company ’ s shares to new partners, including SwissAir, which built up a 30 percent share in Kuoni. The public listing enabled the company to step up its international growth. After opening a subsidiary in Austria at the beginning of the decade, Kuoni now launched subsidiaries in Germany and Spain, both in 1973, and a subsidiary in Greece the following year. The year 1974 also saw Kuoni step up its position in the U.K. market, when it acquired Houlders World Holidays, based in England.

What was the travel industry in the 1990s?

The worldwide travel industry remained highly fragmented in the 1990s, with numerous small-scale operators competing against a smaller number of quickly growing industry heavyweights. Kuoni, which had already captured the lead in the Swiss market, was determined to maintain a leadership position as the travel industry headed into a drawn-out consolidation drive leading up to the turn of the century. The company acquired Reiseburo NUR Neckermann in 1987, boosting its position in the Austrian market. Three years later, the company regrouped its Austrian activities, launching the NUR Neckermann Reisen AG joint venture with Germany ’ s Neckermann Touristic. Kuoni ’ s part of the joint venture remained at 49 percent.

What is Kuoni business?

We motivate our staff by encouraging entrepreneurship and innovation at all levels. We think and act internationally. We strive to enhance shareholder value. We support environmentally friendly solutions. Kuoni stands for reliability, best value for money, quality and fairness in business.

Where is Kuoni located?

Kuoni Travel Holding Ltd. oversees one of Europe ’ s top five travel and tour groups. Based in Zurich, Switzerland, the company is particularly strong in both its domestic and U.K. markets, but is also present throughout Europe, especially in Scandinavia, with a rising presence in the United States and Asian markets. Kuoni Travel operates in three primary areas of business: Leisure Travel, which accounts for more than 85 percent of the company ’ s sales; Business Travel, through its BTI unit, which handles travel coordination activities for the small and mid-sized and large-scale corporation markets; and Incoming Services, which provides travel destination services, such as touring and sightseeing packages. The company markets it high-end tours and travel packages under the Kuoni name. Discount travel packages are offered under the Helvetica brand name. Switzerland remains the company ’ s single largest market, representing slightly less than one-third of its total sales. The U.K. and North American markets together provide less than one-third of sales. The European continent, including Scandinavia, added another roughly 30 percent to Kuoni ’ s total sales, which topped SFr 4 billion in 2000. Kuoni has been stepping up the pace of its acquisitions at the turn of the century. After being thwarted in its attempt to merge with the United Kingdom ’ s First Choice Holidays Pic, which would have helped the company create a counterweight to Europe ’ s marketleading Preussag-Thomson alliance announced in early 2000, Kuoni has changed direction, targeting the Scandinavian, Indian, and North American markets for its future growth. Listed on the Swiss stock exchange, Kuoni is led by Chairman Daniel Affolter and President and CEO Hans Lerch.

When did Kuoni merge with First Choice?

The next year saw Kuoni face a major setback. At the beginning of 1999 , the company announced its agreement to merge with the United Kingdom ’ s number three travel operator, First Choice Holidays. The merger, agreed to by both sides, was thwarted by a surprise takeover attempt from rival U.K. operator Airtours Pic, which offered a higher per-share price. When the majority of First Choice ’ s shareholders chose to back the Airtours offer — which itself was blocked by the European monopolies commission — Kuoni pulled out of the merger talks.

Where did Alfred Kuoni start?

A native of Chur, Switzerland , Alfred Kuoni moved to Zurich to open a travel agency in 1906. If the company ’ s name — Travel Bureau — was not all that original, Kuoni quickly established itself as a pioneer in exotic travel destinations. One of the company ’ s first organized tour packages took Swiss citizens on a guided tour to far-off Egypt. In 1925, Kuoni reincorporated as a joint-stock company, with shares remaining within the Kuoni family. Through the years leading up to World War II, Kuoni expanded from its original location to include a number of sales offices throughout Switzerland. Despite its success in its home market, the company recognized early on that Switzerland was too small for its growing ambitions. The company also opened its first international office, in Nice, in the south of France. Further international moves were thwarted by the buildup to and outbreak of World War II.

Who organized the first guided tour to Egypt?

Kuoni organizes first guided tour to Egypt.