Milestones
Constantly charting a new course in history – A story of ongoing growth

The past four decades since inception have been a well accomplished journey for the group. The group built on its core expertise and a network of reliable partners to become the Middle East's leading travel, tourism, hospitality and real-estate group.

Preserving this tradition, Travco adopts an innovative approach to business and constantly seeks out virgin destinations, transforming them into major tourist hotspots. Adding value to the otherwise overlooked markets and growing them into the hub of tourist activities has always been the group's core strategy, and it will remain so as the group progresses into the future.

Travco Group history

2017

Travco Group International ranks #1, Best Travel Company for the 21st Consecutive Year.

Signing of 3 management contract for hotels in Tunisia under the Jaz Collection and another.

Steigenberger Alcazar opens in Sharm El Sheikh’s secluded Nabq Bay in June.

2016

Steigenberger El Tahrir Opens its doors to its guests in October.

2015

Opening of Jaz Aquaviva, the 14th 5* hotel in Madinat Makadi, Hurghada

Phase 2 launch of Travco Properties real estate development project, Sonata

2014

Opening of Jaz Makadina, 5* hotel in Madinat Makadi, Hurghada

Phase 1 launch of Travco Properties real estate development project, Sonata

2013

Opening of Jaz Almazino, 5* hotel in Almaza Bay, Marsa Matrouh

2012

Opening of Jaz Bluemarine, 5* hotel in Hurghada

Opening of Jaz Makadi Saraya Palms, the 5* hotel in Madinat Makadi, Hurghada

Significant renovation projects at each of Jaz Belvedere, Iberotel Palace & Iberotel Club Fanara in Sharm El Sheikh, Iberotel Makadi Oasis Resort in Madinat Makadi, Iberotel Coraya Beach Resort, Iberotel Lamaya Resort & Sol Y Mar Solaya in Madinat Coraya.

2011

Opening of Jaz Oriental Club, the fourth 5* hotel in Almaza Bay, Marsa Matruh

Opening of Makadi Water World the largest Aqua Park in Egypt featuring 88 splash points

2010

Formation of Travco Jordan

Air Arabia Egypt receives AOC and inaugurates flights

Iberotel manages its first hotel property in Dubai

2009

Establishment of Air Arabia Egypt

Chairman Hamed El Chiaty’s association with Steigenberger Hotels AG adds 79 international hotels to the existing portfolio of managed hotels

Introduction of the Iberotel Makadi Palms, the first phase of the residential development in Madinat Makadi

2008

Inauguration of the first of a new class of deluxe cruise ships on Lake Nasser, M/S Omar El Khayam

Opening of the 18-hole championship golf course in the group's own Madinat Makadi

Signed an MOU for a joint venture to create an Egyptian low cost and charter air carrier to be operational by 2009.

2007

Inauguration of the Travco Center office building in Sheikh Zayed.

Inauguration of the first hotel in U.A.E. "Iberotel Miramar Al Aqah".

2006

Creation and introduction of the JAZ Brand.

Inauguration of first hotel in the North Coast.

2004

Establishment of Almaza Resort Complex and land bank.

Launch of the first 128 cabin cruise ship, the largest on the Nile.

Joint venture travel company established between Travco and Alpitour Italy (Italy's largest Tour Operator).

2003

Establishment of Top Aviation.

2002

Establishment of airline company "Travco Air".

2000

Sales of 50% of hotel portfolio to TUI.

1998

Formation of the first Travel Company outside Egypt in Dubai U.A.E.

Conception of Madinat Makadi Resort and completion of the first five stars hotel in 10 months "Makadi Beach".

1997

Completion of the first hotel in Sharm El Sheikh (Intercontinental Sharm El Sheikh).

1996

Sales of 50% of incoming Agency to TUI

Formation of a new joint venture hotel company with TUI and acquisition of the first hotel

1993

Installation of the fully integrated tourism and accounting solution of the company.

1986

Establishment of the Nile cruise management company and the building of the Company first Nile cruise ship

1982

Opening of service branches in Luxor and Aswan

1981

Inauguration of the first IATA airlines sales branch and commencement of the airline ticketing business section.

1980

Acquisition of first 4 mini buses in the Travco Transport fleet.

1979

Establishment of Travco Travel Company of Egypt.