6 Feb, 2018 @ 10:47
1 min read

BOOMING HOTELS: Hotel sector a growing industry in the Balearics

Hotel Yaramar

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.

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