Overview

• Local businesses report overall income declines of 10–15 percent with hotspots like Playa de Palma and Magaluf seeing drops up to 20 percent this summer.
• Juanmi Ferrer of CAEB Restauración warns that hundreds of restaurants could close after recording one of the weakest revenue seasons since the pandemic.
• Tourists increasingly choose self-catering or all-inclusive packages, reducing off-site spending on dining and shopping.
• Supermarkets under the Asodib association are recording stable or slightly higher sales as visitors buy groceries instead of eating out.
• Pepe Tirado of Acotur criticizes the unchecked growth of illegal street vending for diverting customers and undercutting legitimate operators.