Twenty somethings from the UK and Germany are cash rich on holiday, and proving to be a welcome sight for hotels, clubs and restaurants on the Spanish Balearic Islands. The young singles with high disposable incomes often head for Ibiza for the island's clubs and nightlife, and they are quite happy to pay for it.

Ever since the 1960's, when overseas travel became available to the masses, Spain and her islands have consistently been the favourite destination for Britons, Germans, Swedes and other Europeans. Even when longer haul destinations in Europe like Cyprus, Malta and Greece became possible, and later holidays in Florida and even more recently Australia became economically viable for more people, Spain has maintained her popularity.

From a million unsold holidays just a few weeks ago, travel agents in the UK have seen a sharp turnaround in their summer season fortunes, as Britons fed up with weeks of rain and the heaviest flooding in living memory ditch home holidays in favour of an overseas trip.

Popular for beach holidays, a trip to Mallorca can be all sun, sea and sand. But the island also has terrific little villages like Deia, where the island's culture and history come together.

The world might be experiencing an economic downturn, but there must be something good about Lanzarote as a holiday destination as it's seeing more visitors this year than last.

So many British people have bought a property in regions of Spain that it is now it is quite possible to live there quite comfortably without having to learn the language.

Already Europe's number one destination for holidays, the island of Mallorca is pulling out all the stops to make 2008 a record year.

Mallorca is a well known holiday destination for traditional beach and sun vacations. But Mallorca's countryside is beginning to see economic benefits from tourism as more people head inland to appreciate the island's nature and traditions.

There so many quality properties available from villa operators that choosing where to go and where to stay on your villa holidays will give you plenty to think about. Here are three of the finest luxury villas available to whet your appetite, each with a stunning view of the sea.

Tenerife's holiday and hotels trade had a disappointing 2007, but are set to bounce back this year with new visitors.