Despite the attacks it receives from the public sector and Spanish publishing companies, Lopesan, the most powerful hotel and construction chain in the Canary Islands, moves as much money as the entire holding company and public capital entities of the islands.
If Lopesan is already worth 1.200 million euros in the Canary Islands, to which we should add the hotel operations it has in Germany with IFA and the Dominican Republic, which can at least be at 300 million euros annually, according to the annual reports deposited in According to the records of those countries, regional companies generate spending in 2023 that totals 1.444 million euros.
Lopesan pays payroll to 5.000 workers. The total number of workers who depend on the public sector in the Canary Islands is approximately 25.000 people. As an example, this figure is distributed as follows, for example, 18.000 employees in public law entities or 5.000 employees of Canary Islands entities linked to Private Law. We must not forget that the Canarian Health Service (SCS) alone has 15.000 employees.
40% of the money managed by these public companies in the Canary Islands is dedicated to investment in infrastructure; 35% in personnel expenses, 25% for operating expenses. The Government of the Canary Islands has justified the increase in the budget of public companies for 2023 due to the need to reactivate the economy after the COVID-19 pandemic, boost investment in infrastructure and improve the quality of public services.
However, some sectors have criticized the increase in the budget, arguing that it is excessive and does not adjust to the current economic reality; a sufficiently detailed analysis has not been made of the investment needs and efficiency in the management of public companies.
