They believe results will improve between now and 2018 by limiting spending and a shift in trade and the improving economic situation.
The Society for Tourist Promotion and Development that manages Los Cantones Villages, Palexco and the Conference Centre and the Opera Palace managed to reduce their losses by 74% in the last year with respect to 2013 and going from 6.6 million to 1.6 million in debt. In addition to improving results, the Company now believes it can return to profitability between now and 2018, a period during which it has calculated that its income will increase by a rate of 11% while expenses shall increase, they hope, by just 2%.
The change of the economic direction of the Comar Group company places the business itself with a reduction in losses in the year 2014 due to three factors: the improvement of the economy, the “limited spending” of the business and “the appropriateness of offers for new demands”.
