Hotelbeds Group announced the sale of its Destination Management division, which includes Intercruises Shoreside & Port Services, to TUI Group, in order to focus on its core business as a bed bank.
TUI has acquired this division, which includes Destination Services, Intercruises, and Pacific World, for €110 million. This transaction is subject to approval by competition authorities.
The Destination Management division works with more than 150 offices worldwide, serving 60 countries and 400 ports. Each year, Intercruises handles more than 12,000 cruise ship calls.
“I am delighted with what Intercruises is achieving as part of Destination Management and I look forward to continuing this work at TUI. As always, our team remains focused on the cruise industry and committed to our number one priority: providing high-quality services to cruise lines and their passengers,” said Olga Piqueras, Managing Director of Intercruises.
