Travco Group
Encyclopedia
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
. Travco Group provides transport, ranging from air travel
to cruises
as well as accommodation for tourists.
Travco Group owns 157 hotels, resorts and cruise ships and handles more than 1.3 million tourists annually.
The Group has permeated every facet of Egypt
’s tourism
industry, with a fully integrated business model.
On 30 September 2009, Travco Group celebrated 30 years of operation with Prestigious Awards.
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.
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
. The company is one of the largest travel and tourism companies in the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
. Travco Group provides transport, ranging from air travel
Air travel
Air travel is a form of travel in vehicles such as airplanes, helicopters, hot air balloons, blimps, gliders, hang gliding, parachuting or anything else that can sustain flight.-Domestic and international flights:...
to cruises
Cruising (maritime)
Cruising by boat is a lifestyle that involves living for extended time on a boat while traveling from place to place for pleasure. Cruising generally refers to trips of a few days or more, and can extend to round-the-world voyages.- History :...
as well as accommodation for tourists.
Travco Group owns 157 hotels, resorts and cruise ships and handles more than 1.3 million tourists annually.
History
Travco Group was founded in 1979 by Hamed El Chiaty.The Group has permeated every facet of Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
’s tourism
Tourism
Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...
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 HotelsSteigenberger HotelsSteigenberger Hotels is a German hotel company founded by Albert Steigenberger in 1930. As of 2007, Steigenberger owned 82 hotels worldwide, with a total of 14,283 rooms...
& 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 SeaRed SeaThe Red Sea is a seawater inlet of the Indian Ocean, lying between Africa and Asia. The connection to the ocean is in the south through the Bab el Mandeb strait and the Gulf of Aden. In the north, there is the Sinai Peninsula, the Gulf of Aqaba, and the Gulf of Suez...
. - '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.
Airline Business
Travco and Sharjah-based Air ArabiaAir Arabia
Air Arabia is a low-cost airline with its head office in the Sharjah Freight Center, Sharjah International Airport, in Sharjah, United Arab Emirates....
operate a joint venture airline based in Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
called Air Arabia Egypt
Air Arabia Egypt
Air Arabia Egypt is a low-cost carrier based in Egypt. The airline is a joint venture between the Egyptian travel and tourism company, Travco Group, and Air Arabia....
which launched operations in June 2010. Travco Group owns 50% of the airline with Air Arabia
Air Arabia
Air Arabia is a low-cost airline with its head office in the Sharjah Freight Center, Sharjah International Airport, in Sharjah, United Arab Emirates....
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.