Travellers looking for breaks in the Canaries and Balearics this year could be more likely to book a holiday home after hotels hiked up their prices by up to 12%.
A new study by Trivago has revealed that hotels on the Canary and Balearic islands have increased their nightly rates by 12% and 11% respectively. The rise makes the average price of a night’s stay on the Canaries €122 and the Balearics €113.
The Canaries and Balearics benefit from all-year-round popularity because of their milder winter temperatures compared with the rest of Spain. However the price hike still comes at a time when the rest of debt-ridden Spain is seeing hotel rates either stagnate or fall.
25 April, 2013
If you own a holiday rental property in sunny Spain you should be aware of the Spanish Department of Housing’s new draft law, says the Association of Holiday Rental Managers in Madrid (Asotur). If it’s passed, the regulation of residential rentals in Spain will be handed over to the 17 regional governments, some of whom may restrict short-term residential lets in tourist hotspots to boost business for local hotels.
However, the full details and scope of the law are yet to be released. We’ll post here again once we hear more about it. In the meantime, you can read more by visiting www.spanishpropertyinsight.com
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Hotels vs holiday rentals: Spanish government’s new draft law
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