TUI’s Russian oligarch hustle and more travel success stories this week

TUI's Russian oligarch hustle and more travel success stories this week

Skift grip

In Skift’s top stories this week, TUI Group’s largest shareholder is a prominent Vladimir Putin supporter, Expedia stops offering travel to and from Russia, and hotels and hostels reserve beds for refugees Ukrainians.

Rashaad Jordan

Throughout the week, we publish original stories day and night covering travel news and trends, including the impact of coronavirus. Every weekend, we’ll give you a chance to re-read the most essential stories in case you missed them earlier.

TUI, the world’s largest tour operator, has a Russian oligarch problem: Does TUI Group really want to be associated with a Russian oligarch who sits on its strategic committee and is close and allied with Putin during the invasion? Russian from Ukraine? This kind of publicity could damage the company’s reputation and its customers will not take the news well.

The fallout from the eye-popping Marriott and Hilton layoffs isn’t easy to resolve: Major hospitality companies recognize that lingering trust issues from pandemic furloughs and layoffs are playing a major role in the hotel’s labor shortage crisis. ‘industry.

Russian oligarch resigns from TUI Group board after EU sanctions: Mordashov’s resignation from TUI Group’s supervisory board must be a huge relief for the world’s largest tour operator, which can now in large left to continue its activities. However, there is a substantial hangover: with his shares frozen, Mordashov still remains the largest shareholder of the TUI Group.

Saber ends distribution of Aeroflot flights in travel tech retreat from Russia: Saber stood out from its travel tech counterparts by being the first to stop offering flights from Aeroflot. This is an unusual step because it comes at a cost to the business. The price to pay for doing well.

Expedia ceases sales to and from Russia: Expedia Group fell out of the pack and stopped offering trips to and from Russia due to Putin’s invasion of Ukraine. The company doesn’t have a ton of Russia-related business, so while the move is more symbolic than anything else, it’s a significant statement.

Vacation rentals now offer fractional ownership as pure investments: fractional ownership should not be confused with the long-standing concept of timeshare. Still ready for the sales pitch?

Hotels and hostels hosting Ukrainian refugees are creating a directory for open beds: Hospitality companies have provided more than a million beds to emergency and frontline workers during the pandemic. As the legions of refugees fleeing war in Ukraine grow, they return with a little technological boost to help them.

TripActions inherits Swedish travel agency to strengthen its footprint in Europe: The purchase of Comtravo in Germany last month also meant taking over that agency’s ongoing acquisitions, including plans to buy Resia in Sweden. That deal is now done and TripActions is gaining a shortcut to Scandinavia.

Travel agencies are moving away from Russia: Major travel brands have moved quickly to show their support for Ukraine in the face of the Russian invasion. But some of these companies are still exposed in an increasingly closed Russia.

Ukraine Tourism to the travel industry: Speak out that you are against the war: Speak out against the war and stop doing business with Russia as many companies have already done. This is the message that Ivan Liptuga, President of the National Tourism Organization of Ukraine, sends to the travel industry.