The purpose of the company is to acquire, hold, manage and dispose of participations in companies in Switzerland and abroad, which are particularly active in the travel industry or provide services in this field. The company may also carry out all commercial, financial and other activities that are intended and suitable to promote or facilitate the development of the company and the achievement of its purpose. This includes, in particular, the trade of goods of any kind. It may exercise asset management and also provide financing of all kinds to its subsidiaries. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad.