The average charge will jump to £2.75 per person each day during high season from 2018.
Holidaymakers at five-stars hotels will pay a tax of £3.68 a night between May and October.
Regional officials said they would make more than £90 million with the extra charges.
They claimed they were not worried the increased tax would put tourists off.
It comes as Brits have faced a crackdown by Magaluf authorities this summer.
Despite this visitor numbers have soared.
Families with older children will have to fork out £77.28 extra a week in a three or four star hotel.
The exact amount will depend on whether it is the high or low season and the category of accommodation.
Those who stay in the low season pay 50 cent of the high season free between May and October.
At the moment, a sun seeker staying in a three-star hotel pays 92p a day which will double to £1.84 in the high season.
And for the first time, passengers on board cruise ships who spend less than 12 hours in the ports of the islands will no longer be exempt from the payment of the tax.
They are likely to have to pay one or two euros per night from 2018 rather than nothing as at present, bringing them in line with all other longer-stay cruise arrivals.
The Balearic Government says the increases would bring the tourist destinations in line with other resorts in Europe.
They say the move is a move to regulate the number of visitors to the Balearics after locals have complained of being overrun.
Brits hitting the beach this summer have already forked out £3.1 billion in holiday taxes according to research.
The average sun seeker is hit with a £68.74 tax bill on holiday essentials like sunscreen and bikinis as well as Air Passenger Duty and the hated Insurance Premium Tax.