Provision of services, in particular brokerage and sales activities, in the travel and automotive industries, as well as provision of consulting services for companies, in Switzerland and abroad; may participate in other companies, acquire, exploit, manage and dispose of real estate and intellectual property rights, establish subsidiaries and branches, participate directly or indirectly in group financing, in particular by granting loans to its direct and indirect shareholders or other group companies or providing guarantees, sureties or other securities of any kind for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies and are provided free of charge.