The Canarian apartment company Barbacan, controlled by European capital, faces 2023 with its sights set on the recovery of the business in view of the new normal. The company chaired by Bárbara Fransen must urgently redirect its business figures after the collapse due to Covid19 in the south of the island of Gran Canaria. From selling an average of 7 million euros, he saw a turnover of 1,8 million euros.
Last year, the Canary Islands led overnight stays in tourist apartments with a total of 24,2 million, 112% more than in 2021, although still 14,2% less than in 2019, before the health pandemic, according to published data. by the National Institute of Statistics (INE). Those of residents grew by 6,4% and those of non-residents grew by 141%. Non-resident travelers, who represented 56,5% of the total, made 67,4% of the overnight stays in tourist apartments.
Barbacan, which enjoys great prestige among the 77 families that depend on this company in addition to suppliers (they get paid with an average payment of 25 days), keeps the thread hot with the mostly German tour operation with an ROE of 50,37% and high solvency, 12%. The problem of European inflation and skyrocketing energy prices precisely generates a perception of insecurity because tourists buy with less and less planning.
The Covid19 pandemic caused Barbacan's cash flow to remain at -534.104 euros from the 2.045.308 euros it had before the pandemic. However, the company's net worth has doubled from 18,8 million to almost 38 million euros. Up to 573.210 customers a year usually choose Barbacan in the south of Gran Canaria.
