Richard Branson's Virgin Group is looking to expand further in the Balearics just months after opening a new hotel in Banyalbufar in Mallorca. The company looks set to open a hotel in Ibiza and also expand its hotel on the island.

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"Part of our strategic focus on resorts, in particular, is to complement what Virgin Voyages is doing," Virgin Hotels CEO James Bermingham told Travel Weekly. "So, Ibiza is a big project for us in Spain because Virgin Voyages stops there, and in the Caribbean, same thing."

Virgin cruise ships are frequent visitors to the ports in Palma and Ibiza.