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Hotels & Resorts
Travco Group's hospitality company manages Egypt's largest chain of 53 hotels and resorts under the Jaz, Sol Y Mar and Iberotel brands, and with the late acquisition of Steigenberger Hotels AG, the group now operates over 131 hotels worldwide. With a vision to shape and expand the Egyptian travel industry, Travco Group has masterminded four large-scale destination resorts at Madinat Makadi in Hurghada, Almaza Bay in Mersa Matruh, Madinat Coraya in Marsa Alam, and Mirabel Resort in Nabq, and continues to grow with a dynamic expansion plan targeting Europe and the United States and of course the Middle East.
The hotels and resorts segment is the largest contributor to the Group's profitability representing around 60% and 73% of the group's combined EBITDA and net profits.
