Following the Group consolidation in Portugal, whose journey began in 2003; and with last November celebration of the I Iberian Congress of GEA in Cascais (Portugal); last year (2008) the establishment of the Group in Argentina was forged. And the presentation during the last International Tourism Fair of Buenos Aires, was a starting point to achieve commercial synergies between the peninsula and Latin America.

Currently the Group is composed by 915 travel agencies in Spain, Portugal and Argentina totaling more than 1,300 offices in 56 provinces, the Principality of Andorra, Portugal and Argentina, which allows us to lead the industry as the largest agencies group in the Latin American market.

Members of GEA in Spain and Andorra, comprising more than 900 travel agencies, billed as a whole 698.2 million in 2008, which is 11% less compared to the previous year. In 2008, factors such as economic recession (prominent in the second half), the restrain on average revenue per customer (a wide selection and low prices of all suppliers), and personal trips customized by agents, diminished the overall performance of the Group, which still maintains a considerable turnover and market share.

Sales distribution by product segments in 2008 was as follows: Wholesale holiday travel companies 47.21%; Airlines 32.57%; hotel chains reservation companies 12.14%; local and international railroad companies 4.05%; marine ticket companies 1.87; Car rental companies 0.99%; bus companies 0.86%, and Travel Assistance insurance companies 0.31% of the nearly 700 million euros.

After the November 2009 celebration of the GEA Ibérica I Convention in Cascais, in 2010 the Convention will be taken to Cadiz in Spain and Andorra, as an advance of the commemoration of the 200th anniversary of the 1812's Constitution, whose first acts were formalized in the city of San Fernando in 1810. The Convention official opening will be held on Thursday, November 5 at the Church of San Fernando, where the deputies who drafted the 1812 Constitution were sworn into office, then a welcome dinner will be held in the same city.

The Group will bring together over 400 businessmen and travel agents in a convention which enjoys as framework of its activities the Congress Palace of Cadiz, on Friday 6 to formalize their working day, at about the 20 hours congress assistants will be received by the Mayor of Cadiz, Ms Martinez Teófila, at City Hall, after which participants will go to the Martyrs Bastion to enjoy a local Cádiz dinner. On Saturday 7, participants will hold their get together through the province, with the transfer by boat to Puerto de Santa Maria and back to Jerez to attend the show How the Andalusian horses dance. Afterwards a lunch will be served at a typical San Fernando despesque. GEA will close its XVI Convention with a gala dinner.