private limited partnership between the two shareholders, TUI Travel and Francoudi & Stephanou, and operated in a broad spectrum of inbound, outbound and online tourism fields with offices across the island, as well as Malta and Lebanon.

Commenting on the successful closing of 2015 and future ambitions, Fritz Joussen, CEO, TUI Group, said that the company’s integrated business model and new structures have strengthened the group and accelerated growth, a sign that TUI heads to the right direction.

“With the support of our 76,000 employees in 130 countries, we […] delivered growth despite various geopolitical challenges.

We have delivered on our promises, outperforming our ambitious targets,” he concluded.