TUI Travel PLC (LSE: TT.) is a FTSE 100 international leisure travel group listed on the London Stock Exchange. It was formed on 3 September 2007 by the merger of First Choice Holidays PLC and the Tourism Division of TUI AG, which owns 57.5% of the company, operating in 180 countries and serving 30m customers. It is headquartered in Crawley, West Sussex, England. It is a constituent of the FTSE 100 Index, with around 155 aircraft and 3500 retail outlets in Europe and employs 50,000 people worldwide. The company mainly serves the leisure travel customer and is organised and managed through four business sectors: Mainstream, Specialist and Activity, Emerging Markets and Online Destination Services.
The company was founded in 1923 in Berlin as Preußische Bergwerks und Hütten-Aktiengesellschaft operating in the industrial sector. In 1959 it was first listed on the Frankfurt Stock Exchange and in 1964 became Preussag. In 2000 it acquired Thomson Travel and in 2002 bought Hapag Lloyd, which itself owned the travel firm TUI (formerly Touristik Union International), and renamed itself TUI AG.
The company was founded in 1973 as Owners Abroad operating as a travel agent. It was first listed on the London Stock Exchange in 1982. In 1987 it launched Air 2000 and in 1990 acquired Redwing. It changed its name to First Choice in 1994.
The merger of the Travel Division of TUI AG with First Choice was completed in September 2007.