Record hotel prices hit the Balearics

HOTEL prices have rocketed in the Balearics by a third in just a year.

Prices have zoomed by a shocking 30% on last year’s prices, higher than anywhere else in Spain.

While the growth is 12% higher than the national average, the regional authorities are happy as the extra money is also being passed on to staff.

Hotels have indeed, agreed a 17% rise in wages to be spread over the next four years, something made possible by increasing prices.

The industry also claims the rise is reflected in the amount of money being spent in upgrades and the raising of standards.