The Barceló Group closed 2024 with a historic profit of €301.8 million, marking a 56% increase and allowing the company to eliminate its debt entirely. According to its annual report, the tourism giant saw its strongest financial results in Spain, Mexico, and the Dominican Republic.
Spain led with €135.4 million in profits—a 58% increase over the previous year—followed by Mexico with €86.9 million (up 45.8%) and the Dominican Republic, which generated €37.2 million, nearly doubling its 2023 earnings of €21.2 million. Other profitable destinations included Aruba (€14.5 million), Costa Rica (€6.4 million), Guatemala (€5.4 million), the United States (€3.6 million), Egypt (€2.9 million), and the Czech Republic (€1.9 million), with additional markets contributing a combined €16.5 million.
However, not all operations were profitable. Portugal, despite reducing its losses from €29.7 million in 2022 to €4.1 million in 2024, remained in the red. Italy also saw a downturn, shifting from a €2.8 million profit in 2023 to a loss of €148,000, following the recent entry of Barceló’s Ávoris division.
Despite setbacks in select markets, CEO Simón Pedro Barceló highlighted the group’s overall exceptional performance and robust financial health heading into 2025.