An in-depth analysis showed that for every post of direct employment, there were 0.48 jobs created as a knock-on effect, adding up to 14 percent of the workforce on Majorca.
Salaries paid out to workers in the hotel industry on the island last year amounted to 1'709 million euros.
The Federation claimed that the hotel industry on Majorca accounts for 21.20 percent of gross regional product (PIB) with a gross added value (VAB) in excess of 4'614 million euros. The growth of activity in the sector in the region was 2.5 percent in year on year terms, most of which accumulated in the second half of the year.
Broken down into hotel resort areas, the Playa de Palma accounts for the largest part of the amount that the industry contributes to gross regional product, 19.1 percent of the total. The Playa de Palma is followed by hotel resorts in Palmanova-Magalluf which account for 11.47 percent of the industry's contribution to PIB, with Cala Millor and Aludia in third place (8.5%). The Hotel Federation also pointed out that 1'500 million euros worth of taxation were generated by the industry last year on Majorca, highlighting the benefits to the region as a whole.
A spokesman explained that an entire range of business activities on the island is dependent upon the hotel industry, giving examples of suppliers of intermediary goods and services such as in food, construction, textile manufacture. These secondary business of the hotel industry were worth 3'227 million euros last year, he said.