Mallorca has highest holiday rental rate in Spain
United Kingdom dominates the market
Demand for holiday rentals remains extremely high | Photo: Majorca Daily Bulletin reporter
Palma30/08/2024 12:05
Holiday apartment rentals in the Balearics led the occupancy figures in July, with an average of 86% of bedplaces, according to data published today by the National Statistics Institute. 327,646 stayed in rented accommodation, of which 272,429 were foreigners. The number of travellers rose by almost 21% compared to last year. Overnight stays, almost 1.65 million (1,649,699), increased to a lesser extent, by 5%, with an average stay of five days.
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Stan The Man"apartments" may be the main thing Brits know of (Benidorm, Torremolinos, Magaluf, etc), but the vast majority of "rural" holiday lets are not "apartments". And I don't know how Brits could be the dominant tourists in those offerings. They're a rarity in rural accommodations like villas and fincas and boutique hotels. And virtually nonexistent in the more exclusive ones. In Mallorca anyway.
What was the cost of renting apartments here?