It is fantastic news that the island is busy over Easter and it should help lift the economic gloom left by the pandemic. But a word of warning....don't increase your prices too much. I know that the last two years have been a nightmare for local businesses but they have been for all of us. Everyone is feeling the pinch.
Comment: Price control
Once a destination gets a reputation for being expensive it is bad news for everyone
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...”
- The 90 day rule does have some positive results in Spain!
- German low-season tourism in Mallorca set for a new record
7 comments
To be able to write a comment, you have to be registered and logged in
My Spanish bank charges nothing for ATM withdrawals. My German Bank charges nothing for transfers to my Spanish bank, and it shows up the same day. I don't have a UK account anymore, but every transfer, every ATM withdrawal was very expensive. It's just the inefficiency of the UK banking system. Don't feel bad though. The US banking system is far worse, backward and ridiculously expensive.
The biggest rip-off lately is being made by the banks. I have both a UK debit card and a local one. The local one attracts a charge of €2.40 if used in another banks atm whilst the UK card is charged an amazing €7.00! If anything is to make the average tourist think Mallorca is an expensive destination, this is...
Roger, you seem to understand value chains, and you're absolutely right. However, I haven't seen much evidence that the "socialist" government is following anything other than precisely the value proposition you refer to. In fact, they seem to be having quite a bit of success. Until the government demonstrably deviates from that, I'm inclined to be on board. Regardless of what drum of the political spectrum they beat. Sure, I realise that tribalism is a powerful thing. If a conservative government did the same, no doubt you'd be championing it.
Well said roger. All those places you identified have distinct identities and premium selling points. Being like some where else like Benidorm won’t give you long term success because it will be all about price because every where is the same. Look at decline of British high street s all the same all empty because what they sell is cheaper on line. Sun sea beach cheap booze and fags. Except Majorca won’t have cheap booze and fags if other articles are proven out.
Value is not just based on price...an economic concept not understood by MDB and not understood by the socialist Balearic Government...Almost without exception, the right tourist segments will pay whatever they are asked for as long as they receive value (quality of supply, ambience, total experience)....This must be the ethos of the Balearic Islands, just like is in is other destinations such as Sardinia, Ischia, Corsica, Barbados etc etc...otherwise Mallorca will become another Benidorm but more expensive!!!...but sadly this is the mentality promoted by Government and many supporters including MDB.
It has always been the mindset here to push prices up when times are tough. Most of the tourists I meet say much the same thing, Mallorca is very expensive compared to Greece or Turkey and even Spanish resorts on the mainland. The word has been out for some time. And when numbers don’t reach the heady heights of yesteryear what will they do?….yup, put the prices up.
If you avoid the tourist areas of Palma, the resorts and the ex pat areas the prices are still reasonable. The locals aren't stupid.