Many of Mallorca’s hoteliers are considering converting their hotels into residential properties to survive the Covid-19 crisis collapse in tourism. THEY are therefore lobbying the government for relevant permissions/licenses to convert their hotels into homes, according to property experts.
“Hoteliers in Mallorca want permission to convert obsolete hotels into housing as the collapse in tourism bites hard especially in the Balearics, exposes the weakness of a sector that has under-invested for decades,” according to Spanish Property Insights’ market analyst, Mark Stücklin.
Although the crisis has hit hotels hard worldwide, the “outlook this year is particularly bleak for hotels in the Balearics, where access is more dependent on air travel, with no chance of getting to the isls by car or train”, confirmed Stücklin. “So, whilst a summer holiday on mainl Spain still looks possible, arriving by car renting a holiday-home, a break in the Balearics might be harder to pull off.”
Given that it’s highly likely that the tourism season will be a complete write-off this year, Stücklin believes that many of the smaller, family-run hotels in the Balearics, which are highly dependent on tourism could be “forced out of