All activities directly or indirectly related to the fields of tourism and hospitality, in Switzerland and abroad. The company may also engage in any other activity that has a direct or indirect connection with these objectives; it may, in particular, create branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with identical or similar objectives, or merge with such companies, carry out all operations and conclude all contracts suitable for developing and extending its objective or directly or indirectly related thereto. It may also grant loans or guarantees to associates or third parties if this promotes its interests.