The company's purpose is to operate one or more travel agencies and all related businesses, in particular the operation of hotels, guesthouses and inns in Switzerland and abroad, as well as the trade in goods of all kinds. Furthermore, the company's purpose is to carry out the establishment of condominium ownership, as well as planning, design and renovation projects. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for its subsidiaries and third parties.