Travco Group Explained

Travco Group
Foundation:1979
Key People:Hamed El Chiaty (Chairman & CEO)
Products:Passenger transport, travel agency, accommodation
Revenue: (2008)[1]
Num Employees:24,000 (2010)
Homepage:www.travcogroup.com

The Travco Group is a travel and tourism company in Egypt. Travco Group provides tourist services, transport, ranging from air travel to cruises as well as accommodation for tourists.[2]

History

Travco Group was founded in Egypt in 1979 by Hamed El Chiaty.[3]

As of 2020, Travco Group owns and manages more than 50 hotels.

Airline business

Travco and Sharjah-based Air Arabia operate Air Arabia Egypt, a joint venture airline based in Egypt.[4] Travco Group owns 50% of the airline with Air Arabia a further 40% and the remaining 10% owned by private Egyptian investors.

References

iLikeEgypt.com

Notes and References

  1. http://www.travcogroup.com/fact.php Travco Group Figures
  2. http://www.travcogroup.com/group.php Travco Group Information
  3. Web site: Germany and the Egyptian Connection. 2020-11-24. The Inbound Report. en-US.
  4. Web site: Travco Group sells stakes in Air Arabia Egypt. 2020-11-24. www.tradearabia.com.