Malta Holidays -Recreation Resources Page

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Recreation Partners

Holidays in Malta could be off the list of destinations offered by major tour operators from next summer, according to press reports. While nothing has been confirmed yet, it has been reported that at least one of the tour operators is seriously considering withdrawing Malta as one of their destinations, and the fear among Malta hotel owners and those in the holiday industry is that once one holiday company pulls the plug on the island, others will follow, relegating Malta from a mainstream holiday island offered by major travel agents to smaller specialist companies.

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Holidays in Malta and the related tourist sector are a major source of employment in Malta, and with unemployment running at over 8 per cent any fall in tourists could spell long term damage to the island's economy. Another sector of the economy that could suffer with the Malta holidays market is real estate. Property in Malta has risen in price in recent years, and 2004 saw Malta achieving the highest increase among the EU countries, with speculators buying property in Malta in the hope that joining the EU would see Malta real estate increase in value in the short and medium term.