Is Ibiza expensive? Prices for rooms, food and taxis are rising

A seaside restaurant charges 30 euros ($ 30) for a burger.

A large sunbed in an elegant beach club can cost up to 500 euros in August.

And a table at a “VIP” nightclub can be thousands.

Although Spain is generally regarded as a good-priced travel destination, the island of Ibiza has long been known as a place to live a high life.

“The price is silly,” luxury hotel consultant Ben Pundole and a longtime visitor to Ibiza said in an email to CNBC. “After 23 years in New York, I can only compare myself to the Hamptons at the time [the] season “.

Beach lovers and boaters in Cala Salada, Ibiza.

Alex Tihonov | Moment | Getty Images

However, visitors to Ibiza are happy to spend a lot, Pundol said.

“Ibiza is very expensive, it has always been expensive,” he said. “But people are willing to pay.”

Price increase

Because of the “magnetic” vibrations of rumors that hippies attracted to Ibiza in the 1960s, it was arguably British-Australian Tony Pike who put the island on the map in 1980 when he opened the Pikes Hotel, now known as Pikes Ibiza. the hotel turned a 500-year-old estate in the mountains into a party paradise.

Pike’s wealthy and famous friends, such as Freddie Mercury, George Michael and Kylie Minogue, stayed at the hotel and it is still a place that attracts crowds to its rooms, restaurants and nightclubs.

In the 1980s, clubs such as Amnesia, Space (now home to Hi Ibiza) and Pacha also went up, with the latter charging 13 euros ($ 13) for a regular can of Coca-Cola. Since then more clubs have opened, including Ushuaia, which in 2019 was named the third best club in the world by the International Nightlife Association.

A can of Coca-Cola at a VIP table at the Pacha nightclub in Ibiza costs $ 13, and a full-size bottle of liquor starts at around $ 500.

Zowy Voeten | Getty Images

Prices for restaurants, clubs, holiday rentals and taxis have risen significantly this year, Pundol said.

“It’s an island, it’s seasonal, businesses are charging two-year revenue, there are supply chain problems and tight demand [post pandemic] it’s horrible, ”he said.

In fact, the number of tourists visiting the Balearic Islands rose by 300% year-on-year in May, according to the Spanish National Statistics Institute.

‘Consolidated glamor’

Its reputation as a great destination in Ibiza has evolved over several decades, said Carolyn Addison, head of products at the luxury travel specialist Black Tomato. “It has a … established glamor. So there’s a lot of expensive offerings,” he told CNBC over the phone.

“You should go back to the 60s … when this kind of hippie crowd was cleansed,” he said. “These people may be older, richer, as they settle down, [it] he defined the island in a new way. ‘

A six-night trip organized by Black Tomato costs around £ 6,100 ($ 7,260) per person, including accommodation, breakfast and a private one-day sailing ticket (prices exclude flights).

The six-night trip to Ibiza with the Black Tomato travel company – with stays in places like 7Pines Resort Ibiza (here) – starts at around £ 6,100 ($ 7,260) per person, excluding flights.

Source: Black Tomato

Six Senses Ibiza is popular with Black Tomato customers, Addison said. The luxury hotel announced the addition of 19 private residences and two “palaces” in June.

The mansions cost about $ 16,000 a night in the summer, according to the hotel’s website. Guests have access to a spa, children’s club and daily activities such as kayaking and cliff jumping. Each comes with a “Guest Experience Maker,” which can arrange a nightclub entrance and boat trips, depending on the hotel.

Also new to Six Senses this year is Beach Caves, a restaurant with a live music area, a recording studio and six suites with very large beds, near the town of Portinatx on the north coast of Ibiza.

Pundol, the creative director of Beach Caves, described the area as having “a different atmosphere,” calling it “weird, mystical, as hedonistic as hedonistic and as bohemian as you can imagine anywhere”. Beach Caves suites starting at € 1,565 in the summer.

Cave Royale followed at Beach Caves, Ibiza. Hotel room prices start at 1,565 euros ($ 1,582) during the summer night season.

Source: Beach Caves

This year, the Mandarin Oriental luxury hotel group also took over the management of Tagomago, a private island on the east coast of Ibiza. It is possible to rent the entire island for about 30,000 euros during the high night season, which includes a private chalet, chef, porter, master, chalet host and yacht captain, according to the promotional brochure.

Luca Finardi, chief operating officer of Mandarin Oriental Exclusive Homes, said Tagomago’s clients are “several top-class people from around the world”.

Luxury requirements

Asked why Ibiza is so expensive, Finardi said in an email that the island is popular with top travelers who want to combine “beautiful scenery, high-quality restaurants and bars, elegant shopping experiences and lively nightlife.”

“It also offers beautiful sites where guests can find quiet corners to escape from the crowds,” he said. “It represents the value of money for people who are looking for these experiences.”

The private island of Tagomago has a chef, waiter, porter, chalet host and access to the sailboat.

Source: Tagomago Island

At AMA Selections, a luxury home booking site launched in June, the average cost of a 10-day villa in Ibiza is around 26,500 euros, according to co-founder Mariek Anselme. Most customers add services such as pop-up movie experiences — starting at $ 500 per screening — as well as private chefs, yoga classes and spa treatments.

“The island is able to strike a balance of real boho charm with great offers that are popular with VIPs and wealthy travelers,” Anselm told CNBC via email.

“Over the decades it has led to emblematic names in the music industry, creating a bizarre elite and entertainment scene … In recent years, we have seen more global leaders in luxury hospitality open in Ibiza, giving it global status, capable of dominating. High prices,” he added.

Is Ibiza expensive? Prices for rooms, food and taxis are rising

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