THE BEST FINANCE NEWS ON PAGES 18 - 22 Issue No. 1931
7 - 13 July 2022
MALLORCA • EUROWEEKLYNEWS.COM
FOREIGN tourists visiting the Balearic Islands this year are spending 20 per cent more than before the pandemic, as revealed by the Survey of Tourist Spending (Egatur) made public on Tuesday July 5 by Spain’s National Institute of Statistics (INE), as well as data collected by the Balearic Institute of Statis‐ tics (Ibestat). According to the data from January to May this year, the average expendi‐ ture per visitor rose to €1,124, whereas it was just €939 for the same period in 2019. This year is seeing record numbers of arrivals, expenditure and profitabil‐ ity. Not only this, but the amount of time that peo‐ ple are staying in the Balearic Islands is also in‐ creasing, from an average of 5.9 days in the first five months of 2019 to an aver‐ age of 6.9 days in 2022. Such favourable circum‐ stances have led the total expenditure from interna‐ tional tourists for the first five months of the year to amount to €3,641 million, 11.7 per cent more than in 2019, when the figure was €3,263 million. In May alone, the total expendi‐ ture was €1,816 million, 12.7 per cent more than the €1,611 million for the same month of 2019. According to Ibestat, tourists who had Mallor‐ ca as their main destina‐ tion spent €3,148.81 mil‐
Image: Balearic Islands Government
BIG SPENDING
EXPENDITURE RISING: Foreign tourists to the Balearic Islands are spending 20 per cent more than before the pandemic.
lion between January and May, while those who vis‐ ited Menorca spent €256.15 million and those who travelled to Ibiza‐ Formentera spent €660.58 million. The variation in relation to the same months of last year was 418.85 per cent for Mallorca, 556.63 per cent for Menorca and 583.13 per cent for Ibiza‐ Formentera. Approximately 20.1 per cent of the tourists’ ex‐ penditure went to tourist packages, 39.28 per cent went to accommodation
and food expenses and the rest (40.62 per cent) went to transport, activi‐ ties and other expenses. The councillor of Eco‐ nomic Model, Tourism and Labour of the Balearic Islands Govern‐ ment, Iago Negueruela, expressed his satisfaction after learning the num‐ bers and said that they are an indication that “not only are the Islands managing to recover the tourism lost during the pandemic, but visitors are also staying for longer and spending more,
bringing greater prof‐ itability to the sector.” Negueruela also high‐ lighted the progress that the Balearic Islands have made towards “tourism that is of higher quality, more respectful of the en‐ vironment and more prof‐ itable than before the pandemic.” Finally, he spoke of the role that the new Tourism Sustainabili‐ ty and Circulation Law will play in the future, as it will allow the Balearic Islands to continue to oc‐ cupy the leading position it has always held.
FREE • GRATIS
COGNITIVE STIMULATION THE presidents of the Consell de Mallorca and the Mallorcan Institute of Social Affairs (IMAS) presented a new manual, on Monday July 4, aimed at helping to prevent the deterioration of memory among the users of the Service of I n t e g r a l At t e n t i o n a t H o m e . H o w e v e r , t h e manual will also be useful for other individu‐ als and entities. The aim of the IMAS is to promote the au‐ tonomy of all the elderly people in Mallorca. The manual was prepared by professionals from the Life and Family Team (EVIF) of the IMAS. “This manual is a project that will enhance our care services for the elderly and provide them with a more complete and transversal approach,” said Catalina Cladera, the presi‐ dent of the Consell de Mallorca.