Travco Group
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]
 | |
| 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 | LE 8.8 billion (2008)[1] |
Number of employees | 24,000 (2010) |
| Website | www.travcogroup.com |
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.[3]
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.[4]
References
- Travco Group Figures
- Travco Group Information
- "Germany and the Egyptian Connection". The Inbound Report. Retrieved 24 November 2020.
- "Travco Group sells stakes in Air Arabia Egypt". www.tradearabia.com. Retrieved 24 November 2020.
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