Terraferida, which has regularly released information about Airbnb accommodation in the Balearics, says that the holiday rentals legislation had a dramatic immediate impact on the number of properties and therefore accommodation places being advertised. Within three days of the legislation coming into force, there was a decrease of 22% - more than 36,000 places from a total of over 160,000 that had been on offer in August.
Holiday rentals
Rentals legislation led to immediate loss of 22% of places
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With a government like ours we don't need a terrorist attack to wreck the island.
Proud and happy to be traveling around Europe this winter solely using Air BnB - love staying with families and in great apartments, from a castle to a 16th painted ceiling. I dislike hotels unless they have "olde school charm and character" but prefer to be able to have a kitchen, so Air BnB will always be a winner. Mallorca should be changing some of their old hotels to modern, beautiful and high end apartment rentals, if they do not wish to miss out on this market.
That's this year wait until next year I reckon revenue down is likely to be at least 50-60% down for bars and restaurants if they survive, the rentals legistration has hit decent tourism harder than the recession and possibly a dreaded terrorist attack.
Great. So that's 22% losses for the local businesses then, which means less taxes collected, and more unemployment. Not including the reduction in spending by those affected, - truly a terrific acheivement by our "government".