The boss of holiday giant, Jet2, Steve Heapy, warned of a tough year ahead after holding talks with Mallorca hoteliers in London at the World Travel Market. Heapy said that higher taxes which are set to be announced by Chancellor Rachel Reeves in her budget would have a negative impact on holidays bookings to Mallorca next year.
He also said that higher costs in the Balearics, from landing fees at Palma airport to prices in the resorts, could also dent bookings. Heapy said that he would like to see a joint marketing and promotional plan for the islands to head off competition from destinations in North Africa who were “spending lots of money.”
Heapy’s message, which was echoed by other British travel companies, will obviously give the local authorities plenty of food for thought.