1. TUI's tourism unit is merging with First Choice Holidays Plc to fend off competition from Web travel agents and discount airlines.
2. Marketing costs jumped on the combination of two airlines, Hapag-Lloyd Flug and Hapag-Lloyd Express, under the new brand TUIfly.com.
3. It is trying to curb the drop in freight rates this year as demand for fuel, computers, iron ore and other goods increases in China, the U.S. and other countries.
Multi-pronged strategies hit larger revenue?
[Click here for full story at: BLOOMBERG.COM]
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