Namaste
Active Member
it dosn`t take economic experts to predict that we are heading (or already are) into one of the biggest recession the world has even seen, millions of people will loose or already lost their jobs. for many, booking holidays at the moment is the last thing that they are thinking of now, it will take years to recover from this financial disaster, i hope that travel/hotel/restaurant/food/club prices will drop bc the lack of demand, imo some was anyway too expensive for most, many holiday destinations including ibiza have to adapt, otherwise there will be realy only the jet set clients left while the younger clubbers will stay away as they can not afford ibiza anymore.
Jet set's sense of live is to be seen. Without normal tourists to whom they can present themselves, they will be the first who will leave looking for new places to show off.
Like Stivi said, I expect a drop in prices for hotels, restaurants and bars. For restaurants and bars it is more important to make a high tunrover on drinks especially beer, wine, champagne otherwise the will loose their quotas from their suppliers and won't get them back easily.