LateRooms.com, which has a database of more than 55,000 properties around the world, is part of the Hotelbeds Group division of TUI, which has been designated as non-core by the German company’s board. TUI itself has undergone significant change in recent months with the merger of its UK and German entities creating a new force in the travel industry with a market value of €10bn (£7.3bn). TUI will, however, face competition to identify buyers willing to pay premium prices, with a glut of European travel assets on the market. Get the full story at Yahoo! Finance