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Cosmos Holidays was founded in 1961 as Cosmos Tours. It became Cosmos Holidays in 1987. After Globus Travel Group sold Monarch Travel Group to Greybull Capital in October 2014, [1] Monarch stopped using Cosmos as a Monarch Group brand in 2015. However, in March 2017 it was announced that Cosmos Tours had regained full rights and licences to the ...
Transport can be via automobile, bus, or charter airline and may also include travel between areas as part of the holiday. Package holidays are a form of product bundling. Package holidays are organised by a tour operators and sold to consumers by a travel agents. Some travel agents are employees of tour operators, while others are independent.
H.I.S. Co., Ltd. (株式会社エイチ・アイ・エス, Kabushiki-gaisha Eichi Ai Esu) is a travel agency based on the fifth floor of Trust Tower in Kamiya-cho, Tokyo in Kamiyacho, Minatoku, Tokyo, Japan, [3] specializing in low-cost package tours.
The company was co-founded by Vladimir Raitz and Lenny Koven on 12 October 1949. [2] The company organised the first mass package holidays abroad with charter flights between Gatwick airport and Corsica in 1950, and organized the first package holiday to Palma in 1952, Lourdes in 1953, and the Costa Brava and Sardinia in 1954.
In 1981, Thomson Holidays were the first recorded users of Business-to-Business online shopping. [4] The business was floated on the London Stock Exchange with a valuation of £1.7 billion as Thomson Travel in May 1998. [5] [6] In 2000, Thomson Travel was acquired by Preussag AG, an industrial and transport conglomerate. [7]
TUI announced a merger of its travel division with the British tour operator First Choice in March 2007, [10] which was approved by the European Commission on 4 June 2007, on the condition that the merged company sell Budget Travel in Ireland. [11] TUI held a 55% stake in the new company, TUI Travel PLC, which began operations in September 2007 ...