Business Environment: Impact of Pandemic and UK Government Recovery Plan on TUI Group

BUSINESS ENVIRONMENT

TABLE OF CONTENTS
.........................................................................................................................................................1
INTRODUCTION...........................................................................................................................3
SECTION 1......................................................................................................................................3
Summary of TUI Group..............................................................................................................3
SECTION 2......................................................................................................................................4
Impact of pandemic and UK government recovery plan on company........................................4
SECTION 3......................................................................................................................................5
Impact of UK government and pandemic on micro environment of company...........................5
SECTION 4......................................................................................................................................6
STEEPLE factors on company....................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business environment refers to the collection of the micro and macro factors which
includes employees, consumers, supply and demand, etc. The internal business environment
termed as the factors which are within the organization that includes culture, members, etc.
Macro business environment refers to the conditions that used to exist in the whole economy.
The current report is based on the TUI group, it is a German leisure, tourism and travel
organization.
This report will put focus on the business overview of the organization by outlining the
organizational structure. Further this report will indicate the impact of UK government plan and
COVID-19 on the internal environment of the company. Moreover, this report will put focus on
the impact of pandemic and government recovery plan on company. This report will also outline
the effect of STEEPLE factors on the TUI group operations. There will also be inclusion of the
suggestions and recommendations to TUI group that helps them to have benefit from the
government of UK. s
SECTION 1
Summary of TUI Group
TUI is the travel and tourism company that used to provide the services to the people in the
market. This is one of the leading travel and tourism company that used to combine the local
services with the digital platform in 140+ countries in the world. The company has been
operating from more than 70 years and used to earn good amount of profit in the market. The
products provided by the company includes the charter and scheduled airlines for passengers,
holidays packages, hotel, resorts and cruise lines. It is one of the most famous travel agency
services provider company worldwide (Calderwood and Soshkin, 2019). TUI is the public
limited company, that is one of the leading travel group that used to have its operations in several
countries.
The company used to have the good annual revenue that makes them one of the leading
group in the global market. It has almost 50548 employees that shows company is operating well
in the market. The operating income of the company in 2021 was around € 2.025 billion and net
income was € 2.481 billion. The annual revenue of the company in 2021 was seen around €
4.732 Billion that shows that the company is operating well in the market. The company used to