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The Hotels Owned by El Corte Inglés and The Matutes Family Recorded Lower Profits in 2019

FST Hotels and Only You Hotels, the two companies owned jointly by El Corte Inglés and the Matutes family, saw their revenues and profits decrease last year.

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FST Hotels and Only You Hotels, the two companies owned jointly by El Corte Inglés and the Matutes family, saw their revenues and profits decrease last year, according to El Corte Inglés’s financial report for 2019.

Specifically, the turnover of FST Hotels increased by 1.49%, to 30.1 million euros; whilst the revenues of Only You Hotels reduced by 15.5% to 33.6 million euros. In this way, the two companies recorded joint sales of 63.7 million euros, down by 8.26% YoY, according to Expansión.

Read the full article in Spanish.

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