Heraklio Travel Renamed Regal Travel Management, Targets Global Growth

Article Summary

Leading Greek travel management firm Heraklio Travel has officially rebranded as Regal Travel Management Company, signaling a strategic move toward global expansion. The company, which started in 1981, has grown to over 105 staff and generates an annual turnover approaching 90 million euros from more than 820 corporate partners, handling over 300,000 airline tickets annually.

While its core business is B2B corporate travel and MICE, Regal has diversified into property management and renewable energy. The new brand, led by CEO Panos Rigas and VP Vivian Riga, is expanding on its 2016 Dubai subsidiary with plans for a new office in Asia. The company’s growth is supported by its B2B platform, tickettravelhotel.com, which uses AI-driven tools to provide access to 800,000 hotels and GDS systems like Amadeus and Sabre. Regal also represents Air Arabia in Greece, with plans to expand routes to Morocco and Egypt, expecting new flights by the first half of 2026.

Key Data & Insights

Key Data

• Annual Turnover: Approaching 90 million euros
• Staff: Over 105 (more than doubled since 2015)
• Corporate Partners: 820+
• Airline Tickets: 300,000+ handled annually
• Founded: 1981
• Dubai Subsidiary Established: 2016
• Hotel Access: 800,000 via B2B platform
• Air Arabia Partnership: Since 2009
• Athens-UAE Flights Relaunched: 2024
• New Flights Expected: First half of 2026
• ISO Certifications: 9001, 14001, 22301, 27001, 45001

Strategic Insights

• Rebranding: Heraklio Travel is now Regal Travel Management Company.
• Key People: Panos Rigas (President & CEO), Vivian Riga (Vice President).
• Strategic Goal: International expansion, with a new office planned for Asia.
• Core Business: B2B corporate travel, MICE, maritime/pharma logistics, and ticket consolidation.
• Diversification: The company has also invested in property, dining, primary sectors, and renewable energy.
• Technology: Uses AI-driven tools and its tickettravelhotel.com platform to integrate with GDS systems (Amadeus, Sabre, Travelport).
• Airline Partnership: Represents Air Arabia in Greece and plans to expand its network to Morocco and Egypt.
• Future Goal: Position Greece as a hub linking Arab countries with North Africa.

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