Dep. Legal A PM 42-2025 - 140 - 2004 - ISSN - ISSN 3015-1309 2488-1686
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Luxury investment
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More tourists
Photo Credit: Meliá
THE Balearic Islands received 2.1 million foreign tourists in the first four months of this year, 9.5 per cent more than between January and April last year, according to figures released on Monday, June 2, by the National Statistics Institute (INE). In April alone, 1.3 million visitors from other countries arrived in the archipelago, representing a 13.4 per cent increase compared with the fourth month of 2024. As for spending, foreign visitors to the Balearic Islands spent a total of €2,627 million in the first third of the year, 11.7 per cent more than in the same period in 2024. In April, spending rose to €1,584 million, up 13.8 per cent. The average spend per tourist in April was €1,167, while the average for the first four months of the year stood at €1,212. From January to April, the daily expenditure per visitor reached €189, a 5 per cent increase, with the average stay at 6.4 days - nearly three days fewer than the previous year. Credit: AlenKadr/ Shutterstock.com
Mallorca • No. 2083 • 5 - 11 June 2025
The hotel will bring luxury and leisure to Mallorca.
THE Spanish investment bank Banca March and Meliá Hotels International have teamed up in a joint venture to acquire two hotels, one located in Mallorca. The hotels will continue to be run by Meliá, bringing luxury and leisure to Spain’s islands. The Innside by Meliá Palma Bosque, a modern hotel located a mere five minutes from the Paseo Marítimo de Palma, features 262 beautiful rooms overlooking the swimming pool and interior gardens. The
‘bleisure’ (business + leisure) hotel will undergo renovations beginning in the winter of 2025 through 2026, to ensure it remains a popular landmark of Mallorca. The Sol Tenerife, located on the sublime Playa de las Américas, will also undergo renovations between 2026 and 2027. The two hotels are valued at a total of €140 million, but the venture intends to jumpstart tourism even more. The project will invest €50 million into the renovations of the hotels, and
will be divided, with 70 per cent owned by Banca March and 30 per cent owned by Meliá Hotels. Banca March, a bank headquartered in Palma and Madrid, continues to bring value to the tourism of the islands, using this co-investment strategy with other in-
vestors. Since 2008, the bank has secured over 3,900 co-investors in various investment projects. This joining of assets marks a significant change for the value of the two hotels, and the tourism sector of Mallorca as a whole.
Balearic Islands receive 9.5 per cent more tourists up to April.
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