Barceló Hotel Group has said sales are expected to exceed €3.1 billion for 2019.
The company is reporting that recurring EBITDA and consolidated net profit will be similar to last year, standing at approximately €350 million and €180 million respectively
Raúl González chief executive for Barceló in Europe, Middle East and Africa, said the figures come despite the tourism industry being characterised by instability and a complex competitive climate in 2019.
The results are partly down to the growth of Barceló Hotel Group throughout 2019, a year in which the hotel chain took on 12 new hotels and 3,700 new guest rooms.
The company now offers a total of 251 hotels and 57,493 guest rooms in 22 countries.
The expansion achieved has allowed the Mallorca-based group to consolidate its position in North Africa through its entry into a new destination, Tunisia.
During 2019, Barceló Hotel Group continued its growth in the United Arab Emirates (with the incorporation of Dukes – the Palm, a Royal Hideaway hotel, located in the exclusive area of Palm Jumeirah), and strengthened its presence in Europe by moving into Hungary with a hotel in the heart of Budapest.
Furthermore, during 2019, Barceló Hotel Group’s expansion team entered into…