Travco Group

Travco Group is a travel and tourism company in Egypt. The company is one of the largest travel and tourism companies in the Middle East.[2] Travco Group provides transport, ranging from air travel to cruises as well as accommodation for tourists.[3]

For the recreational vehicle, see Travco.

Travco Group
IndustryTravel and Tourism
Founded1979
Headquarters6th of October City, 6th of October Governorate, Egypt
Key people
Hamed El Chiaty (Chairman & CEO)
ProductsPassenger transport, travel agency, accommodation
RevenueEGP £8.8 billion (2008)[1]
Number of employees
24,000 (2010)
Websitewww.travcogroup.com

Travco Group owns 157 hotels, resorts and cruise ships and handles more than 1.3 million tourists annually.[4]

History

Travco Group was founded in Egypt in 1979 by Hamed El Chiaty.[5]

As of 2020, the Group owns and manages more than 50 hotels, 20 Nile cruises, the largest travel agency in Egypt and several transportation companies.[5]

Tourism Business

Travco Group International Holding umbrella includes the following brands:

  • 'Travco Travel' the flagship destination management company (DMC) of the group handles more than 1.3 million tourists annually;
  • Renowned hospitality brands include luxury hotel brands, such as Jaz, Iberotel, Sol Y Mar Hotels & Resorts and Travcotels Nile cruises. This is in addition to the leading German hotel chains recently acquired, Steigenberger Hotels & Resorts and InterCity Hotels.[6][7]
  • 'Travco Properties' is Travco's real estate development arm and features two mega developments, namely Almaza Bay on Egypt's North Coast and Madinat Makadi on the Red Sea .[8]
  • 'Travco Transport and Prestige Cars' oversee the transportation fleet, and Top Aviation and Travia handle all aviation and ground handling services.

On 30 September 2009, Travco Group celebrated 30 years of operation with Prestigious Awards.[9]

Airline Business

Travco and Sharjah-based Air Arabia operate a joint venture airline based in Egypt called Air Arabia Egypt which launched operations in June 2010.[10] Travco Group owns 50% of the airline with Air Arabia a further 40% and the remaining 10% owned by private Egyptian investors.[10]

Travco Group provides the airline with access to its network of tour operators, marketing and assistance with government relations.[11]

References
  1. Travco Group Figures
  2. Travco Group, one of the largest travel companies in Asia
  3. Travco Group Information
  4. Travco Group's 30 year operations + ownerships
  5. "Germany and the Egyptian Connection". The Inbound Report. Retrieved 24 November 2020.
  6. "Calm brings higher occupancy, revenue to Egypt's hotels". Hotel Management. Retrieved 24 November 2020.
  7. Net, Hospitality. "Steigenberger paves the way for a successful future with new shareholder". Hospitality Net. Retrieved 24 November 2020.
  8. "Travco's Cavo Sokhna: A Luxurious Retreat With Unrivaled Surroundings". Egyptian Streets. 21 June 2019. Retrieved 24 November 2020.
  9. Travco Group celebrates 30 years
  10. "Travco Group sells stakes in Air Arabia Egypt". www.tradearabia.com. Retrieved 24 November 2020.
  11. Travco Group to launch airline with Air Arabia Archived 27 September 2011 at the Wayback Machine

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