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Travco Group

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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
Revenue8.8 billion (2008)[1]
Number of employees
24,000 (2010)
Websitewww.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

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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

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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

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  1. ^ Travco Group Figures
  2. ^ Travco Group Information
  3. ^ a b "Germany and the Egyptian Connection". The Inbound Report. Retrieved 24 November 2020.
  4. ^ a b "Travco Group sells stakes in Air Arabia Egypt". www.tradearabia.com. Retrieved 24 November 2020.

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