The Majorcan hotel chain is continuing on a strategy of enhancing its position in the luxury hotel segment.
Balearic hotel occupancy in October was the third highest with 61.2%.
“The Spanish take the Repsol guide extremely seriously so it will help us with the domestic market.”
The tourist tax alone, were it destined for debt payment, would have to be collected for eight years in order just to pay off current interest.
Majorca woke to a dusting of snow today as the first cold snap of the winter gripped the island.