According to real estate consultancy CBRE, investment in hotels in Spain in the first quarter of 2023 was 365 million euros. This wasn't a record as it was below the figure for the first quarter of 2022, when coming out of the pandemic provoked something of a boom.
Mallorca spearheading investment in luxury hotels in Spain
Work is now advancing on the Hotel Formentor
Also in Holiday
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
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