rtk international, subsidiary of RT/Raiffeisen Touristik Group (RTG), has announced the buy of a 34% stake in TourCom, France leading travel agencies network, which has approximately 1,000 stores with an annual turnover up to €2.5 billion.
This investment strengthens RTG position as the largest travel agency cooperative in Europe. Headquartered in Burghausen, Germany, grows to 3,900 agencies, with a consolidated annual turnover of almost €6 billion.
Thomas Bösl, Director of Strategy and International Development at rtg and member of the Board of Directors of rtk International, emphasized that the group is moving toward greater internationalization and strengthening cooperation in travel distribution at Europe. "This investment represents an important milestone in our international strategy, both for our travel agency partners and for tour operators and service providers. The entire sector benefits from a stronger European network" emphasized.
Bösl added that this investment is part of its strategy to strengthen the group's European positioning through its facilities in Belgium, Luxembourg, Germany, Switzerland, Austria, and Romania, and its expansion into other European markets.
