The company's purpose is to provide tourist services in Switzerland and abroad, to rent and broker properties, hotels, holiday apartments, as well as to broker flights, trips, etc. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and manage and finance these participations. The company may acquire, hold, encumber, sell and manage real estate in Switzerland and abroad. It may carry out all commercial, financial and other activities that are directly or indirectly related to the company's purpose, including financing for its own account or for the account of third parties, as well as granting loans, guarantees and assuming guarantees, and providing securities.