The president of the Mallorca-based Iberostar Group, Miguel Fluxà, has been named Forbes magazine's CEO of the year in Spain. This is in recognition of his contribution to the internationalisation of Spanish hotel companies and for having sealed an alliance with the InterContinental Hotels Group. He will receive the award at an event at the Mandarin Oriental Ritz Hotel in Madrid on May 4. They didn't invest in this business, despite having had the cash, the possibilities and good contacts." The Iberostar Group was founded in 1986 and the internationalisation of the hotels began in 1993, with the opening of the Iberostar Bávaro in Punta Cana, Dominican Republic.

Source: Forbes April 28, 2023 07:40 UTC