Brits could soon be turning their back on Majorca and opting for a cheaper European destination (Image: Getty)
Brits could soon be turning their back on and opting for a cheaper European destination as Tui warns that the island is becoming too expensive.
Last year took a record number of visitors to the Balearics jetting around two million tourists to the holiday hotspot.
However, is becoming less budget friendly thanks to its increasing popularity as a holiday destination causing accommodation, dining and tourist attractions prices to all rapidly increase.
Alex Casares, president of the Association for the Nautical Development of Businesses and the Self-Employed, estimates that prices had risen by as much as 30% in recent years, putting the island at risk of losing its prominence.
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The island is becoming less budget friendly (Image: Getty)
And now Tui is warning that although it doesn’t yet have sufficient information to be able to make certain forecasts for the coming summer season, it has noted that Brits “are finding it increasingly difficult” to pay for their holidays in the Balearics.
CEO Sebastian Ebel has suggested that Brits could opt for cheaper destinations such as Bulgaria, which is often listed as one of the most affordable options in Europe.
A typical pint in Bulgaria costs just £1.67 while a mid-range hotel is around £30-50 per night working out at £200-350 per week. If you like the finer things in life then a luxuary hotel is £100 per night.
In comparison the average cost of a pint in Majorca is £3.50 whilst a mid-range hotel is around £80 per night or a whopping £580 per night for an upscale hotel.
Brits could opt for cheaper destinations such as Bulgaria (Image: Getty)
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Calvià, located in the southwestern part of the island of Majorca, has seen a decrease in bookings from the UK and Germany.
However, mayor, Juan Antonio Amengual, remains confident that “demand is so strong that it will end up absorbing the price increases”.
Business experts have warned that increasing marina prices are driving pleasure cruisers away.
Mr Casares says: “A few years ago, we had a waiting [list] for ports or marinas, but it’s getting shorter.
“We run the risk that there will be fewer and fewer until we lose the prominent position we have enjoyed over the years.”