Tui’s Specialist Group will be renamed Travelopia following the announcement that it is to be sold off by Tui Group.
The division, which comprises more than 50 brands, would not reveal any more details but confirmed it would operate under the new name with immediate effect.
The confirmation follows a tweet posted by an employee of Specialist Group company Quark Expeditions, which said: “Exciting News – welcome #Travelopia! A new home for fantastic specialist #Travel brands delivering incredible inspiring experiences!”
Tui Group announced this morning that it would dispose of its Specialist Group, which includes the Specialist Holidays Group, but would retain Crystal Ski and Thomson Lakes & Mountains within Tui UK & Ireland under managing director Nick Longman. The sale process will be overseen by Specialist Group chief executive Will Waggott.
Speaking during an investors’ update this morning, Tui Group chief executive Fritz Joussen said: “They (Specialist Group) are great brands. This is a good, strong set of businesses. But they have one thing in common – they don’t use our brands or our IT, our ships, our aviation so there’s no synergy. We want to be vertically integrated.”
On Crystal Ski and Thomson Lakes and Mountains, he added: “They are instrumental for our winter occupancy in the UK and that’s why they will stay.”