Yet while the 24-hour party people have certainly arrived, Mykonos is small compared with Ibiza, being just a fifth of the size and much more bijou. Prices can be steep, as much as €20 for a cocktail in the swankier bars, which may have helped put the brakes on mass tourism; none of the large international hotel chains has yet arrived. Last August the average hotel room in Mykonos was €507 a night, beating even the going rate of €470 a night in Monte Carlo, according to price comparison website Trivago. Meanwhile, international restaurants such as London’s Hakkasan and Buddha-Bar of Paris fame have set up offshoots on Mykonos, ensuring that the fashion set feel at home. For some, the island’s Forbes-list clientele and beach-club dining scene are more comparable with the Côte d’Azur than the Balearics. “It’s like a little St Tropez,” says Nicolas Mugni, of French property agency Demeures de Grece. The approval of the international jet set has helped Mykonos become the most r...
