FTI Touristik: A Major Player in the European Tourism Industry
Background
FTI Touristik GmbH, headquartered in Munich, Germany, is the parent company of the FTI Group, a leading player in the European tourism industry. As of 2024, the FTI Group is ranked as the third-largest tour operator in Europe, boasting over 11,000 employees worldwide.
Recent News
FTI to Lay Off Around 4,000 Employees
On September 27, 2022, Reuters reported that FTI Touristik would lay off approximately 4,000 employees due to ongoing challenges in the travel industry caused by the COVID-19 pandemic and economic uncertainties.
FTI Group to Invest in Sustainable Destinations
On January 19, 2023, Travel Weekly announced that the FTI Group would invest heavily in sustainable tourism practices and destinations worldwide. This initiative aligns with the company's commitment to promote responsible and eco-friendly travel.
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