25 Nov, 2017 @ 09:45
1 min read

Record hotel prices hit the Balearics

Hotel Investment
Hotels prices up 30 percent across the Balearics

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

Hotels prices up 30 percent across the Balearics

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.

Previous Story

Spanish golfer Rafael Cabrera-Bello wins gold medal for global success at Rio Olympics

drought measures e
Next Story

Urgent measures being drawn up to combat threat of drought across Andalucia

Latest from Mallorca

Go toTop

More From The Olive Press