THE hotel sector in Mallorca remains one of Spain’s most profitable, despite its seasonal nature.
Over the last seven years, the average price of a hotel room has increased by 80 percent, from €44.70 to €80.50, according to data from the National Institute of Statistics (INE).
It makes them the second most expensive in Spain, after the Canary Islands, with the average night costing €58.70.
The Balearics also have the highest occupancy rate, even with January’s lowly 37 percent occupancy.
There were 60 million overnight stays in Balearic hotels last year, almost a million more than the year before.