Travco Group
 | |
| Industry | Travel and Tourism |
|---|---|
| Founded | 1979 |
| Headquarters | 6th of October City, 6th of October Governorate, Egypt |
Key people | Hamed El Chiaty (Chairman & CEO) |
| Products | Passenger transport, travel agency, accommodation |
| Revenue | EGP £8.8 billion (2008)[1] |
Number of employees | 24,000 (2010) |
| Website | www.travcogroup.com |
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]
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 1979 by Hamed El Chiaty.
The Group has permeated every facet of Egypt’s tourism industry, with a fully integrated business model.
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 brand 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.
- '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.
- '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.[5]
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. Travco Group owns 50% of the airline with Air Arabia a further 40% and the remaining 10% owned by private Egyptian investors.
Travco Group provides the airline with access to its network of tour operators, marketing and assistance with government relations.[6]