Activity in Spain's services sector expanded in August at the slowest rate since January, with companies concerned that inflation will weigh on their profits and on customers' demand, a survey showed today and a growing number of hotels and restaurants may decide to close in the Balearics this winter because of rising operating costs and slowing demand.
Spanish services sector growth slows to a crawl in August
Inflation is starting to impact the domestic market in the Balearics
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
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