The company's purpose is to operate a tourism business, in particular in the areas of tour operating and the distribution of holiday, business and special trips as package and/or individual travel services, as well as all other activities in the tourism industry, such as the operation of holiday and tourism centers and all directly or indirectly related businesses. The company may establish branches, agencies and subsidiaries, acquire, manage and sell participations in other companies, or merge with them. It may acquire, establish, manage and sell properties and real estate in Switzerland and abroad, as well as acquire, sell and exploit patents, licenses and other intellectual property. The company is authorized to take financing, restructuring and interim measures in favor of shareholders, group companies or third parties, as well as grant loans or provide security for the obligations of group companies or third parties.