The increase of the accommodation tax from 5% to 7.5% per night has been decided by the Berlin local authority, creating a storm of reactions with the Berlin Hotel and Catering Association (DEHOGA Berlin) considering that this decision sends the wrong message in difficult times for the hotel industry and considering taking legal action against […]
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The quadrupling of the annual tax on short-term rentals in Budapest, from 95 euros to 370 euros per room, and the implementation of a two-year moratorium on the registration of new Airbnb accommodation from the beginning of 2025, in order to “manage the housing crisis” in the Hungarian capital, the Hungarian Ministry of National Economy […]
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Autohellas, announces revenues of EUR 749.1 million in the first nine months, with profitability of EUR 76 million after tax. This brings positive rental momentum mainly in Greece but also abroad in Q3. Autohellas Group announces the results for the third quarter of 2024, with consolidated Revenue amounting to €275.9 mn. In the same period, […]
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The financing of projects from the revenue generated by the tourism tax was approved at a meeting of the Sustainable Tourism Tax Committee of the Balearic Islands, including a ten million euro project to tackle the phenomenon of illegal Airbnb accommodation. A total of €377 million will be spent on 79 projects, with only part […]
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Hays Travel, the UK’s largest travel agency group, reported a 43% increase in pre-tax profits to £73.4 million for the financial year ended 30 April. The rise came as total transaction values increased by 17% year-on-year to £2.55 billion. The financial performance was revealed five years after Hays Travel was licensed to operate the entire […]
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Plans to increase the so-called solidarity tax (TSBA) on airline tickets were announced by the French government on Wednesday as part of the 2025 budget plan. In particular, the French Ministry of Economy and Finance (Bercy) is planning spending cuts and tax increases of around €60 billion for next year in an effort to contain […]
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The regional government of the Balearic Islands, chaired by Marga Prohens, announced this morning an increase in the “environmental tax” during the high tourist season (from June to August) from next summer, as part of its policy to curb over-tourism. This is the sustainable tourism tax, an ecological tax imposed by the regional government on […]
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At the Thessaloniki International Fair, the Prime Minister Kiriakos Mitsotakis announced measures of interest to entrepreneurs in the wider tourism industry regarding incentives for the imposition of a cruise tax which raises concerns about over-tourism in Greece and the measures imposed on short-term rental properties. In his keynote speech at the Thessaloniki International Fair on […]
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Catalan President Salvador Illa and Barcelona Mayor Jaume Collboni pledged to increase the tourist tax on cruise ships stopping in the popular city of Barcelona at a meeting last week. According to Mr Collboni, the city receives 1.6 million short-stay cruise tourists and the growth prospects “are not acceptable”. The two socialist leaders have pledged […]
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The Swedish government has announced plans to abolish the environmental tax, aiming to boost the competitiveness of Swedish airlines. In a move strongly criticised by environmental groups, the conservative prime minister, Ulf Kristersson, announced that the plan would “protect the possibility of good air connections within Sweden”. As announced, the tax will be abolished from […]
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