Despite the reports this week that the weak pound is, at the moment, making holidays in Majorca more expensive than last year - 15 per cent in some cases - the Bulletin has learned that some local hoteliers and suppliers have got a bit too greedy too soon.
"It is certain that even without the drop in the pound holidays are going to cost more, as so many suppliers have now put their prices very high. And one thing that has also become evident of late is that some ‘chinks’ are starting to show. Whereas before hoteliers were super confident, they are now saying that they have space in the high season, which before was totally unspeakable."
So, contrary to initial industry reports, Majorca is not sold out. But people have paid top dollar in the mad panic, and that is now the general view; hence why the UK is pushing hard for people to take cheaper vacations in UK this summer.
We have already read complaints from consumers about the high price of flights between the UK and the Balearics this season, again fuelled by the anticipated high demand, while a few months ago, there were rumours of overbooking. However, while bookings to destinations like Turkey are down, they are not as bas as expected and Greece is also faring quite well - both being cheaper destinations than Spain, especially the Balearics. As the Bulletin has been told time and time again by the UK industry, "price is king".
There are worries now that last-minute bookers, if faced with expensive options to Majorca plus the tourist tax, will opt for cheaper alternatives in the likes of Turkey, Greece or even Bulgaria.
4 comments
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Do not bite the hand that feeds you
I love this island but it really must focus on its main income - tourism - and cherish it and welcome people in. Most tourists will just spend their money elsewhere if they are not treated properly. A lot of people who work hard all year can afford only one or two weeks financial splash on a holiday: they are not cash cows to be milked.
We come to Majorca every year for our Hols but if the prices are to increase as is quoted 11% with the tourist tax to start in July the flights increases Also if Britain does come out of the EU We will be looking for a new place for our Hols as I expect most Brits will We will be looking into the costs stated when we come in June I hope the general Spanish tourists attractions see sense and don't try to be too greedy and spoil the bond the UK has with the Balearics
Your greed will be your downfall sooner or later.