"Mallorca has been putting all its eggs into one basket for too long"
Over 60% of Mallorcans believe that further tourism growth would not benefit their standard of living.
Look beyond property to unlock investment potential in Mallorca
While property offers potentially higher long-term returns, this is not guaranteed. You also need to consider the ongoing costs of maintaining and renting out property, plus tax implications, to establish the real returns.
The left have to take "some responsibility" for tourism dependence in the Balearics
The tourism minister, Jaume Bauzá, was pressed on tourist overcrowding and overpopulation.
Rather than diversifying, Mallorca's tourism dependence is intensifying
"It is necessary to contain tourism and the real-estate sector."
Halving Balearic tourist numbers would result in 40% loss of GDP
Economic diversification "cannot be a pipe dream; we must be realistic".
Armengol - there must be diversification of the economy
Proud of Balearics tourism leadership, but there has to be diversification.
Tourism
Economic and tourism outlook for 2021 "moderately optimistic"
The regional director of CaixaBank believes that it is possible to reduce the dependence on tourism in the Balearics.
Ryanair slams Spain for tax hikes
Airline claims hiking taxes is preventing diversifying the tourist offer beyond sun and beach destinations.
- What a carry on! European Union abandons full launch of new travel entry system for Britons in favour of "phased rollout"
- Uncertainty surrounds EU Entry/Exit System implementation
- Fresh hope for Golden Visa in Spain
- Living in Palma Airport - Safe and warm
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
Comment
Is there truly a will in Mallorca to diversify and have less reliance on tourism?
There were all sorts of post-Covid prescriptions and scenarios that were variously well-intentioned or plain fanciful.
Andrew Ede29/09/2024 12:01