„The transformation process is now largely completed.“
In recent years Kuoni has successfully built and developed business activities to capture growth opportunities in a fast changing travel industry. A significant step was the acquisition and integration of Gullivers Travel Associates (GTA) in 2011 and the impressive strong organic growth of VFS Global, now the World’s leading visa facilitation business. In the last six months Kuoni has withdrawn from various loss-making European tour operating activities. The share of businesses in future growth areas represents today the majority of the Group’s turnover. Kuoni has transformed substantially its portfolio of activities and is well positioned to participate in the growing travel sector.