Louis Group’s Executive Chairman Mr. Costakis Loizou, was honored with the Special Recognition Award by TUI- the largest tourism organization in the world- for his perennial work and contribution to the development of the tourism industry. The award was handed to Mr. Loizou by TUI Northern Region CEO and Board Member, Mr. David Burling, during a very special event at the Savoy Hotel in London, where TUI hosted over 300 of their biggest partners from all over the world. During the award ceremony, Mr. Burling pointed out that Mr. Loizou played a crucial role in the 55-year-old impeccable cooperation between the Louis Group and TUI. Mr. Burling specifically referred to the very first differentiated product which TUI offered 35 years ago in Protaras at the “Louis Nausicaa Beach Hotel”, which was the starting point of the great development of this specific product, and the beginning of a great business relationship. Additionally, Mr. Burling added: “our excellent cooperation is not only in the hotel industry but also the cruising business. The recipient of the award was a massive partner in the 1990’s when cruising was facing difficulties. We would not have managed to have todays excellent results in the cruise business in the UK without the valuable help of this partner”. TUI’s CEO also noted that the professionalism, integrity and honesty of Mr. Loizou are some of the values on which the partnership was built. “Mr. Loizou has earned order of merit by several European governments and organizations and is in fact a pioneer in the tourism industry. It's a great honor for me to give today this award to a colleague, a partner and also a loyal friend who added huge value to Thomson and the TUI Group”. The award was a surprise as well as the highlight of the evening. The importance of this award is further enhanced by the fact that TUI has offered only a few of these awards in the past and on very special occasions. While receiving the award, Mr. Loizou stated: “We have developed a very strong relationship with TUI, built on honesty and devotion and this is why I want to personally thank them for honoring me in this special way. This award honors the bond between TUI and our Group. We definitely feel like a part of this big family and we look forward to further strengthening and expanding this exceptional partnership in the future". This special award comes as a culmination of the success of the Louis Group in Cyprus and Greece. At the same time, the award is very important for Cyprus as a whole, as it reflects the trust foreign businesses place in the Cyprus tourism product which the Louis Group founded and continues to enhance.