The Hanover, Germany-based company is working with Deutsche Bank AG and Bank of America Corp. to prepare a disposal, said the people, who asked not to be identified because talks are private. No final decision has been made on the sale, which may kick off early next year, and Hotelbeds is likely to attract bids from private equity firms and travel companies, the people said. A spokesman for TUI declined to comment. Representatives for Deutsche Bank and Bank of America couldn’t immediately be reached outside of regular business hours. Chief Executive Officer Friedrich Joussen in May said he will focus the company on hotels and cruise ships while cutting back online activities in an effort to drive annual operating profit growth by an average 10 percent a year through 2018. At the time, the company said it would hold on to Hotelbeds in the near-term and “evaluate options” for the business. TUI runs Hotelbeds as an independent company. Get the full story at Skift