This operation puts Barceló as one of the largest travel groups in a bid to re-position itself among the major tour operators.

“This will give the group resulting from a volume and strategic projection unprecedented in the Spanish tourism sector”, they say in a statement. This agreement will also reach an agreement in negotiations parallel Orizonia held in recent months with its banks, under which substantially reduce their financial burden and will involve an injection of 40 million of Viajes Barceló eurospor to improve balance and Orizonia treasury.