Daily Mail reports in a recent article that tourism businesses in Majorca, including hotels and restaurants, say their profits are plunging due to renewed competition from Turkey, Egypt and Greece and the islands’ new doubled tourism tax.
The leading UK newspaper adds that hotel reservations for July, August and September have dropped so much that discounts of up to 40 per cent are being offered to tempt holidaymakers.
Businesses involved in hotels, catering, transportation and associated services announced their profits are already down in contrast to the boom times of 2017.
Read full article at dailymail.co.uk
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
