• Richard Guppy

Spotlight on New Mallorca Hotels

Four Seasons Group and Sir Richard Branson’s Virgin Group are among many who continue to invest in the beautiful Island of Mallorca, Spain.

Mallorca is extremely dependent on its business with holiday makers, which accounts for more than a third of its economic output.

Every third employee works in the hotel and restaurant industry. In Mallorca we have about 200,000 jobs that depend on tourism.

The Covid 19 Pandemic has affected almost everyone worldwide in one way or another. Very few lives have been untouched by this horrid disease. The economy of Mallorca, part of the Balearic Islands, has suffered drastically due to their irrefutable dependence on Tourism, but it’s bouncing back strong. There were over three hundred four-star hotels in Mallorca (Balearic Islands). Three-star hotels amounted to 202 (eleven of them premium), thus becoming the second largest option on this Spanish island.

Pre Pandemic Occupancy rates slowly rose over the period between 2010 and 2019 in consideration, reaching 79.6 percent in 2016. In 2017, it decreased again to 78.9 percent. .

Spotlight on new Mallorca Hotels
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#hotels #investment #blog #realestate #development #mallorca #insight #mallorcaconsultants

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