Last week was held in Berlin the International Tourism Fair (ITB) in the presence of German and British tour operators.

The facts and figures handled in this meeting confirms the expectation that the Balearics recorded the best tourist season of all recorded to date, Mallorca being the best positioned in terms of hotel occupancy, tourist spending and corporate profitability. In 2015 3,726,499 German tourists visited Mallorca, according to the Mallorca Hotel Business Federation (FEHM), and forecasts indicate that this figure will increase by around 7% this season, which will make the island widely exceed 4.3 million visitors.

In this context, another study presented this week at the conference on the Vacation Rental organized by the Association of Apartments and Homes Holiday Season Baleares (Aptur) relating to rent holiday thrown data as the tourist housing generated an economic impact of 1,494 million euros in Balearic and Canary Islands for the past two years. Compared with the national average, which stands at 493.36 euros, spending average rent in the Balearic Islands it is 26% higher. The profile of people who choose to stay in tourist accommodation responds to families (43%), Couples (38%) and groups of friends (16%) and in terms of their motivation, has as main objective to rest, escape routine and stress.

For information on the new Tourism Law of the Balearics or if you have a property in Mallorca and wants to make it profitable through the vacation rental please contact Ripoll & Mateu Solicitors Mallorca we will inform you about the current legislation in this regard and we will advise to get your license rental.