TUI is strengthening its long-standing partnership with RIU by transitioning away from property ownership to hotel management.
TUI has now sold its minority share in RIU Hotels back to the RIU family. The minority stake spanned a portfolio of 19 existing properties and two properties under development.
The long-standing strategic hotel partnership between RIU and TUI continues to be the 50:50 joint venture with 100 hotels and resorts worldwide.
This JV will continue to manage and distribute all RIU hotels and resorts worldwide – including the 21 properties that will be fully owned by the RIU family in the future.
TUI will now focus on its core business with holiday experiences.