The case was the latest in a string of incidents involving serious injuries and fatalities this year amidst young hotel guests in Magalluf.
The Briton had only arrived hours earlier at Palma airport and as soon as he had checked in to his hotel apartment with a group of friends, apparently began drinking.
By 4am the victim was reportedly drunk and misjudging his footing on the balcony fell over the railing, hitting the ground 8 metres below.
The accident could have cost the tourist his life but he escaped with a fractured knee, a single broken vertebra and abrasions to his feet and arms.
Once the alarm was raised, the hotel reception called Emergency Services and paramedics treated the victim who was conscious by placing a support collar around his neck.
The back injury was the one giving the most concern yesterday. Guardia Civil and Local Police interviewed those who had been with the victim earlier in the day and who were staying in adjoining rooms.
Officers also took statements from his friends to try and clarify exactly what had happened.
Police sources have apparently acknowledged that alcohol was the root cause of a high number of similar incidents this year in Calvia and s'Arenal, fuelled by a massive intake of alcohol. Separate from balcony tragedies, there is a rapidly increasing incidence of young people falling into comas after excessive drinking.