I have said in this space on numerous occasions over the last few months that I doubt that this season will be as good as the local government claims. One thing for sure, we are certainly getting the numbers but that doesn't mean that business is booming in the resorts. All-inclusive package holidays, which were said to be in decline, continue to hit the bar and restaurant trade hard. Despite reports of a record season, many bars and restaurants will close at the end of this month with their future very much in doubt. Tourists are also spending less money. The fall in the value of sterling against the euro single currency dented spending by British tourists this season. This state of affairs coupled with yet another rise in all-inclusive packages has meant that some business owners are facing some severe consequences. The government had been planning to crackdown on all-inclusive but so far no action has been taken and the problem continues to get worse.
The summer season
23/09/2016 00:00
Also in News
- Britons cash in on the outgoing Golden Visa in Spain to beat the 90 day rule
- After a holiday in Mallorca Richard Gere moves to Spain
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
- Russian-owned Black Pearl in Mallorca
- Noel Gallagher sold his Ibiza home because of his neighbour - James Blunt
1 comment
To be able to write a comment, you have to be registered and logged in
Well said Mr. Moore!!. For several years I have been complaining that " ALL INCLUSIVE -IS DESTROYING THE ECONOMY ". I have a " T " Shirt with that slogan on, with it in English on the front, and in Spanish on the back.. I have been congratulated and photographed when wearing this Shirt. The Hoteliers are in control of the Islands economy. They are wholly responsible for the rapid decline in the Restaurant / Bar/ and Shops trades. Plus the Euro Exchange down to 1.12 to one pound: means a a sparce meager Winter. An even more reduced Season next year.