TUI By pengyu hu 1990 enter pop business - tourism 1990 enter pop business - tourism 1997 became a European leader the group embarked on a steady programme of major acquisitions while divesting the non-core businesses 1997 became a European leader the group embarked on a steady programme of major acquisitions while divesting the non-core businesses 1997 leading all inclusive holiday club chain 1998 entered British tourism based on purchased share 1999 Completely handled British market Jan 1, 2000 renamed TUI Group and jumped into the European market, leading over 200 brands 2001 put these brands and firms were put under the global umbrella of World of TUI, Re-positioned in the tourism industry 2002 centrally manage the airline: Created TUI Air Management in order to manage the six airlines. 2002 renamed Preussag AG to TUI AG 2002 completely takeover of Nouvelles Frontieres 2003 in order to adjust to the slump in tourism, started a new cost-cutting 2003 entered Chinese market 2004 opened the first low-cost travel agency in Hamburg 2004 entered the Russian tour operator market, joint venture with local company 2005 launched the virtual tour operator Touropa.com, selling in different channels. 2005 TUI entered the Indian market 2005 took full control of CP ship, the leading Canadian container shipping line 2005 became the biggest tour operator and holiday hotelier, was also active in the shipping business