Wave Reisen is the latest German tour operator to cease trading. It did so last week, while earlier in the year there were the failures of Galavital and H&H Touristik. A British tour operator, The Holiday Place, ceased trading at the end of May. The French airline Aigle Azur suspended operations at the start of this month.
The vice-president of the Majorca Hoteliers Federation, Maria José Aguiló, suggests that these failures are indicative of a more serious situation than in the past. "Not all businesses have known how to adapt to changes in tourism activity and new consumer habits. A consequence has been tour operator and airline bankruptcies."
She says that businesses of a certain size don't have sufficient financial backing in order to survive. For Majorca's hoteliers, these collapses can have both direct and indirect impacts. Systems of protection provided by travel associations help to minimise the consequences, but Aguiló adds that the problems being encountered by some operators make the situation for hotels "very difficult".
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No offence Jeff, but if you are saying the cost of renting a safe is enough to stop you coming, then I really dont see you splashing the cash at local restarants etc. Therefore I suggest you jog on to Turkey. We need high spending tourists here. Not ones who make their own sandwiches for lunch.
as a regular visitor 3 times a year I have found Majorca as got very expensive the rip off room tax safe hire for 14 days is more expensive than buying one and the news were holiday makers are not welcome and the actual cost of the hotel is far to expensive