Kuoni Group (Zurich Stock Exchange SIX: KUNN) is a global service provider to the travel industry with leading positions in its areas of activity and sustainable growth prospects. Kuoni Group generated pro-forma turnover of CHF 3.4 billion (preliminary, unaudited) in the 2014 financial year and employed about 8'000 people (FTE) at the end of 2014 (excl. Outbound units for divesture).
Kuoni Group focuses on three core activities:
Global Travel Distribution (GTD, previously FIT) is an industry pioneer and a highly experienced, leading global B2B wholesaler and provider of hotel accommodation and land services. It sells approximately 38 000 room nights per day online. Around 43% of its turnover is sourced from fast-growing Asia/Pacific, the Middle East and Africa markets.
Global Travel Services (GTS; comprised of Group Travel Experts and Destination Management Specialists, [DMS]) sources and coordinates destination services - from accommodation, transportation, tours and activities, to venues and event management. GTS is the number one player in the growing group travel market and handles 50 000 leisure tours per year. GTS generates 60% of its turnover from Asia/Pacific source markets.
VFS Global, the industry pioneer and global leader in travel-related business process outsourcing solutions, works for 45 governments, operates 1 400 Visa Application Centres in 117 countries and holds an estimated 50% market share of the global outsourced visa applications market. It generates almost 70% of its turnover from travellers from the Asia/Pacific region.