The likes of Turkey are recovering somewhat.

28-03-2017R.C.

The Balearic government and ministry for tourism may have made a hasty decision in slashing its promotional budget now that previous competing destinations, which were rocked by security issues, are coming back online and looking to rebuild their tourist industries - whatever the cost.

Foreign holidays remain a top priority for Europeans despite economic and security worries, tour operator Thomas Cook said yesterday. It is reporting a 40% jump in bookings to Greece and signs of a recovery in travel to Turkey and Egypt.

"Customers’ appetite to go abroad on holiday this summer is good across all our markets," CEO Peter Fankhauser said. "After a slow start to the season and a tough year in 2016, we’re seeing early signs that customers are beginning to go back to Turkey and Egypt."

Thomas Cook, which unnerved investors in February with a cautious outlook, said that while it was seeing some pressure on profit margins due to more competition, strong demand for summer holidays meant it was on track to profit forecasts.

Analysts expect the group, which arranges holidays for around 20 million people a year, to report full-year operating profit of around 327 million pounds. Summer bookings for the group are up 10 per cent compared to a weak period last year.

Tourists turned their backs on previously popular resorts in Turkey and elsewhere in the eastern Mediterranean last summer because of concerns about security, leaving Thomas Cook scrambling to find more hotel rooms in Spain and Portugal.

It said it has expanded capacity in Greece this season, while smaller destinations such as Cyprus, Bulgaria and Croatia were also proving popular. The Spanish market was more competitive however, it said, and it was focusing on selling higher-margin holidays rather than chasing volume growth.

Analysts at Jefferies, who have a "buy" rating on the stock, said they believed the margin pressure was manageable thanks to the group’s cost savings strategy.

Industry experts have warned that this year will be "interesting" for Spain while 2018 will be extremely competitive with Brexit looming ever closer, insecurity about the strength of the pound and new emerging destinations.

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Simon Tow / Hace over 4 years

Rumour also has it that they were Okupas, and that the apartments don't belong to them in the first place.

At least they have lifts, 24 hour concierge service and were informing the police if any undesirables were occupying them.

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Dave / Hace over 4 years

Even worse, rumour has it that these two Senegalese men were operating a shop with open displays of alcohol whilst letting out the apartments above the shop as holiday lets via air bnb! Thats what really worries the authorities.

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Simon Tow / Hace over 4 years

Makes you think, doesn't it ?

Only found them by chance whilst investigating non residents working without the proper ( or forged ) paperwork.

Wonder if they are the same lot who complain to the authorities when not admitted into certain discos.

https://www.cronicabalear.es/2017/03/descubren-un-arsenal-de-armas-en-un-taller-de-coches-de-son-castello/

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Andy Rawson / Hace over 4 years

In other news, two Senegalese men were arrested in possession of an assault rifle and ammunition, a pistol and ammunition, combat knives, smoke grenades and a detonator on Son Castello industrial estate. I doubt they were needed to sell sunglasses... Wake up Mallorca! [Source Cronica Balear]

+7-

Simon Tow / Hace over 4 years

Gentlemen. Could I suggest that we have been living in Spain too long ?.

I think it all boils down to supply and demand.

Most Brits that I have met seem to be happy with what they are being charged, whether it be food or drink.

They are not stupid. If they think they are being ripped off, they will look for somewhere else that gives them better value for money, which doesn´t neccesarily mean cheaper.

Maybe the hotels have increased their prices quite a lot more than inflation, but the complemetary offer, as they call it here, certainly hasn´t.

+3-

David / Hace over 4 years

Yet another crass comment by our resident yob Dave

+7-

Ron / Hace over 4 years

As many of us said - Mallorca is continuing to price itself out of the market. First the disgraceful tourist tax, then the greedy price hikes by the hoteliers. Not all tourists are loaded. What's wrong with value for money??

+15-

Dave / Hace over 4 years

Good riddance, if we lose those holidaymakers who put cost before safety then they are low quality tourists and we dont want or need them!

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Steve / Hace over 4 years

Mugs ! just hope those who go have an upto date will ?

+-13-

Mike( ( Belguim ) / Hace over 4 years

Very good news bye bye and enjoy

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