This Monday, the Council of Ministers approved the granting of 31 million euros in aid to the Meeting Point Group, with its tax headquarters in Sonneland, so that FTI or Labranda does not close its operations in the south of Gran Canaria and maintains employment and suppliers. from the south of the island. This financing will be channeled through the granting of a participatory loan in the amount of 20,7 million euros and another ordinary loan of 10,3 million.
All of Meeting Point's business in Spain is conducted for accounting purposes in the south of Gran Canaria. The group is divided into the hotel division, which as of October 2019 operated 26 hotels under lease with an offer of 4.000 rooms in three other destinations in the Canary Islands, and the tour operator division, which is responsible for organizing trips and Retail sale.
The group generates employment significantly in the Canary Islands, either directly, with 1.680 employees, or indirectly, with more than 555 employees. In addition, they have more than 1.000 suppliers, including large national companies and local local suppliers. The Covid-19 pandemic has had a strong impact on the tourism sector and in particular on the group, mainly due to the restrictions caused by the health crisis.
The group generates employment significantly in the Canary Islands, either directly, with 1.680 employees, or indirectly, with more than 555 employees. In addition, they have more than 1.000 suppliers, including large national companies and local local suppliers. The Covid-19 pandemic has had a strong impact on the tourism sector and in particular on the group, mainly due to the restrictions caused by the health crisis.