London Escorts sunderland escorts asyabahis.org dumanbet.live pinbahiscasino.com www.sekabet.net olabahisgir.com maltcasino.net faffbet-giris.com asyabahisgo1.com dumanbetyenigiris.com pinbahisgo1.com sekabet-giris2.com www.olabahisgo.com maltcasino-giris.com www.faffbet.net www.betforward1.org betforward.mobi www.1xbet-adres.com 1xbet4iran.com www.romabet1.com www.yasbet2.net www.1xirani.com romabet.top www.3btforward1.com 1xbet 1xbet-farsi4.com بهترین سایت شرط بندی بت فوروارد
4.5 C
Munich
Saturday, November 2, 2024

Restaurant closures predicted to treble

Must read

Malaga the new the economic powerhouse

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 01 Nov 2024 • 23:46...

Age gap debate: 19 and 29?

Mission Statement: to assist the integration of foreign residents living in Spain By Nina Cook • Updated: 01 Nov 2024 • 23:22...

Christmas giving where it counts

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 02 Nov 2024 • 0:08...

Parque de la Batería saved by intense rainfall

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 01 Nov 2024 • 9:35...

By Donna Leanne Bradley-Brown •
Published: 14 Oct 2024 • 15:37
• 1 minute read


Restaurant closures are predicted to treble by the end of the year, causing concern within the industry.

In a good year, it´s normal to have a fair few restaurants close down, according to president of the CAEB Restaurants´ Association in Mallorca, Juanmi Ferrer. He quotes 2023 as an example, in which 28 of the 186 restaurants that closed down permanently shut their doors for the last time due to the proprietors´ retirement. However, the president expressed his concern that the number of closures by the end of 2024 could well more than treble that of the previous year, and the association is investigating the reasons why.


Ferrer says that statistically, profits received by restaurants are at an all time low, in many cases having dropped from around 20% down to a mere 6-8%, and that as long as restaurants continue to operate in the red at certain times of year, closures will continue to increase.


According to Ferrer, the cost of living in Mallorca is a strong factor in the decline of the restaurant industry. He explains that on average, things in Mallorca are around 12% more costly than in the rest of Spain, in particular rent (which he quotes as being up to 400% more expensive on the island in comparison to the mainland), which consequently impacts on staff resources, with fewer EU citizens seeking work in Mallorca due to the extraordinarily high cost of living.


With food prices, electricity, and council taxes on the rise, it´s no wonder that as much as restaurateurs are struggling, the general public, aka, the client, no longer has the financial capacity to eat out on a regular basis. Supply verses demand is a domino effect.


Sign up for personalised news

Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!


By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Privacy Policy for more information about our privacy practices.


Written by
Donna Leanne Bradley-Brown
Originally from the U.K., Donna Bradley-Brown first moved to Mallorca in 2002. She immediately fell in love with the island and knew it was destined to be her home. Donna is particularly passionate about animals, art and the environment. If you have a news story she would love to hear from you at [email protected]
[Photo Credit @caroixyz]


Leave a comment Cancel reply

Your email address will not be published. Required fields are marked *


Known as the PEOPLE’S PAPER, Euro Weekly News is the leading English language newspaper in Spain. And it’s FREE!

Covering the Almeria, Axarquia, Costa Blanca North, Costa Blanca South, Costa del Sol , Costa Calida, Mallorca and beyond, EWN supports and inspires the individuals, neighbourhoods, and communities we serve, by delivering news with a social conscience. Whether it’s local news in Spain, UK news or international stories, we are proud to be the voice for the expat communities who now call Spain home.

With around half a million print readers a week and over 1.5 million web views per month, EWN has the biggest readership of any English language newspaper in Spain. The paper prints over 150 news stories a week with many hundreds more on the web – no one else even comes close.

Our publication has won numerous awards over the last 25 years including Best Free Newspaper of the Year (Premios AEEPP), Company of the Year (Costa del Sol Business Awards) and Collaboration with Foreigners honours (Mijas Town Hall). All of this comes at ZERO cost to our readers. All our print and online content always has been and always will be FREE OF CHARGE.


Sign up for personalised news

Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!


By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Close

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Malaga the new the economic powerhouse

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 01 Nov 2024 • 23:46...

Age gap debate: 19 and 29?

Mission Statement: to assist the integration of foreign residents living in Spain By Nina Cook • Updated: 01 Nov 2024 • 23:22...

Christmas giving where it counts

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 02 Nov 2024 • 0:08...

Parque de la Batería saved by intense rainfall

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 01 Nov 2024 • 9:35...

Insurance claims for storm damage in Spain

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 01 Nov 2024 • 11:08...