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TRAWELL CO SPA (TRWAF) is a leading travel company that specializes in providing unique and tailored travel experiences for its customers. With a focus on luxury and personalized service, TRAWELL CO SPA offers a wide range of travel options across the globe, including luxury cruises, private jet charters, and exclusive vacation packages. The company has recently expanded its presence in emerging markets, forming strategic partnerships with local businesses to offer authentic and immersive travel experiences. TRAWELL CO SPA's financial performance has been strong, with steady revenue growth and a solid balance sheet. The company's commitment to customer satisfaction and attention to detail sets it apart in the competitive travel industry.
TraWell Co has secured a five-year contract for Adolfo Suárez Madrid-Barajas Airport, starting January 2025. The company will operate seven retail locations across the airport's three international terminals, offering baggage protection solutions, luggage sales, and accessories. From 2027, three additional luggage storage areas and other high-value services will be introduced.
Madrid-Barajas Airport, handling over 60 million passengers in 2023 (an 18.9% growth from 2022), will become the largest airport in TraWell Co's network, surpassing Miami (52 million passengers) and Rome Fiumicino (40 million passengers). This expansion aligns with TraWell Co's European growth strategy, placing them in nine of the top 30 airports globally.
TraWell Co. S.p.A (Ticker: TWL) has launched its baggage protection service at Naples-Capodichino International Airport, marking a significant expansion of its network. This five-year contract brings TraWell's presence to 129 stores across 45 airports in 13 countries. Naples Airport, managed by Gesac S.p.A., served over 10 million passengers in 2023, with growing international traffic to destinations like London, Paris, New York, and Dubai.
In addition to luggage protection and accessory sales, TraWell Co. offers the Lost Luggage Concierge service, operated by Sostravel.com (Ticker: BIT: SOS). This premium service provides global assistance for recovering lost luggage, aiming to minimize passenger inconvenience during unexpected travel events.
TraWell Co S.p.A, a global leader in luggage protection and related services, has secured a five-year renewal of its exclusive concession at Zurich International Airport, Switzerland's primary international hub. The renewal is effective from January 1, 2025. TraWell Co. has been operating at Zurich Airport since July 2013.
In 2023, Zurich Airport handled over 31 million passengers, with approximately 275,000 aircraft movements and direct flights to over 200 destinations in more than 70 countries. During TraWell Co.'s concession period, the airport plans to renew and expand Terminal A, aiming to increase passenger capacity and improve operational efficiency with larger check-in, boarding, and security areas, as well as enhanced passenger services.
TraWell Co. (TWL), a global leader in baggage protection services, announced that it has secured a contract to provide baggage protection services at Palermo Airport, one of Southern Italy's main air transport hubs. Located 35 km west of Palermo, the airport serves as a key access point for western Sicily. Palermo Airport handled over 8 million passengers in 2023, a 12% increase from the previous year, driven by the rise in international routes and post-pandemic tourism recovery. Major carriers operating at the airport include Alitalia, Ryanair, easyJet, and Volotea, offering connections to major European and Italian cities.
TraWell Co. SpA has approved its 2023 financial plan, showing significant improvement from 2022, with revenues of €30.3M, EBITDA of €10.2M (+14%), and net profit of €3.3M (+159%). The company's international diversification has led to a 15% increase in revenues, with Europe being the largest market. TraWell Co. is considering new M&A operations to enhance revenue and services.
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