A tourist, a friend
Palma14/10/2019 09:55
The Balearic government were forced to perform a rather embarrassing U-turn this week cancelling plans to let hoteliers, hit by the demise of Thomas Cook, keep tourist tax cash. It was a controversial move which led to a split within the coalition Balearic government and an outcry from other business organisations.
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Two thirds of shop sales are to tourists ? I find that very hard to believe. It is true though, that many small service and produce suppliers to hotels are suffering and going to suffer if the industry cant find the capital resources to pay off their debts, as the normal liquidation period is around 90 days.