Prices being asked to buy hotels have shot up in the Balearics. | R.I.
British, German and Scandinavian tour operators are putting on hold the purchase of hotels in Majorca because of their rising prices: in some instances these have gone up by around 40%. The tour operators are asking hoteliers to rethink, as the prices now being demanded are exorbitant. The reason for buying hotels is clear. It is in order to ensure supply at a time when there is such heavy tourist demand for Majorca. The hotels have been looking to cash in on that demand.