Since 20 August 2009, Travco Group International Holding S.A.E. is the main shareholder of Steigenberger Hotels AG. It is one of the leading tourism companies in the Middle East and operates nearly 50 hotels under the brand names „JAZ“, „Iberotel“ and „Sol Y Mar“ in Egypt and the United Arab Emirates.

Travco Group’s portfolio also includes 22 Nile cruise ships with over 1,300 cabins and a complete range of touristic services. The incoming agency Travco Travel – a joint venture with TUI AG – caters to over 1.3 million guests per year with over 1,000 buses and 200 luxury limousines. The destination management company organizes a wide array of travel packages in Egypt and its network of international offices in the United Arab Emirates, Oman, Qatar, Syria, China, Japan, UK and Germany.

Travco Properties is the company’s development arm and the division in charge of construction and marketing for their real estate projects on total land banks of more than 10 million square meters.

Travco Group is fully owned by its founder Hamed El Chiaty and his family.