Pacha expects revenues of €168.5 Million by 2025

Manuel Garí, President of the Pacha Group of Companies, expects a turnover of 168.5 million by 2025, 77% more than before the pandemic.

After a 90% drop in revenue to €7 million in 2020, the year the pandemic was declared, the company ended 2021 with revenues of around €40 million, and is now optimistic about the future.

The chairman estimates that the company will recover to its pre-Covid status by 2023 and expects sales of €168.5 million by 2025, 77% higher than before the epidemic.

In addition to its flagship nightclub in Ibiza, Pachá also has restaurants, resorts and hotels in Spain. Abroad, the group is present in Greece (Hotel Destino Pachá Mykonos, Lío Mykonos and Ftelia Beach Club) and London (Lío London).

One of their most recent projects involves the construction of a new club between Marbella and Estepona (Málaga) on the site of the former Laguna Beach shopping centre. Pachá is investing a little over two million euros in this new initiative, which is also benefiting from the support of businessman Rosauro Varo.