After the intense price-cutting rivalries of the early 1970s, Thomson restructured the company and in 1972 acquired Lunn Poly, the largest chain of travel agents in the United Kingdom. The name Lunn Poly was kept until 2004, when TUI UK rebranded as Thomson Holidays in order to create a "powerbrand". The company insisted that there were no plans to rebrand Lunn Poly. The company are now taking more of their business to the web but still hold a big stake in the high street.

Thomson Travel Group was floated on the London Stock Exchange in May 1998 with a valuation of £1.7 billion. In 2000, TTG was acquired by Preussag AG, an industrial and transportation conglomerate. Preussag was renamed TUI AG on July 1 2002 and Thomson Travel became TUI UK. Thomson Holidays and Britannia Airways (rebranded Thomsonfly) are now subsidiaries of that group, part of TUI Travel PLC.

They also were sponers of Tottenham Hotspur F.C. from 2002-2006.

Thomson Founders' Club

When TTG was floated in 1998, new shareholders were given membership in the "Thomson Founders' Club" which offered a 10% discount on Thomson holidays. Membership was conditional on retaining a minimum of 294 shares, but when TTG was acquired by Preussag membership of the Founders' Club was made permanent and unconditional. However, on 31 January 2008 the Club was abolished without notice or compensation.^[1]

Thomson Cruises

Thomson Holidays also operates its own cruise line, Thomson Cruises, that offers low-price cruises around Europe with ships chartered from Louis Cruise Lines and Holland America Line. The company had initially entered the cruise market in 1973, but due to rising fuel costs the venture was terminated in 1976. In 1995, Thomson restarted their cruise line after their competitor Airtours had a made a successful entry in the cruise business under their Sun Cruises brand.

Fleet

• MS The Calypso
• SS The Emerald
• MS Thomson Celebration
• MS Thomson Destiny
• MS Thomson Spirit

Former ships

• SS Ithaca (1973-1976) - scrapped 2003
• SS Calypso (1975-1976) - scrapped 2004
• MS Sapphire (1996-2002) - currently sailing for Louis Cruise Lines
• SS Island Breeze (1996-1998) - scrapped 2003
• SS The Topaz (1997-2003) - currently sailing for Peace Boat

References

1. ↑ Thomson Holidays - Thomson Founder's Club

External links

• Thomson Holidays