Stayover taxes cost 435 mln Euros to tourism annually

Published on : Friday, October 13, 2017

Chamber of Hotels,As per a study made by the Grant Thornton for the Hellenic Chamber of Hotels, from the onset of 2018, the imposition of the “stayover levy” will create a major blow to the competitiveness of the Greek tourism product, their pricing along with quality and employment.

In the medium term, the failure in terms of the taxes which will be estimated on the basis of the number of overnight stays at accommodation units is anticipated to come to 435 million euros annually. This would be more than five times the annual profit of 84 million euros which would be collected by the state. Besides, it has also been calculated that the tax would offer the sector with 6,174 job opportunities.

Even though the tax will not surpass 4 euros on per room per night basis, however it will pressurize the final prices if passed to the customers or increase corporate expenditure if absorbed by the hotels. In a competitive world market where the internet allows for instant comparison of prices, each euro makes a difference, as the officials said.

The head of the chamber, Giorgos Tsakiris, has urged the government to amend its decisions in terms of taxes, branding it “destructive,” whereas the president of the Greek Tourism Confederation (SETE), Yiannis Retsos, cautioned that the geopolitical conjuncture will not be positive all the time and it may then “be too late” for changes.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 ITE-HCMC 2018
  • 13 aite 2018
  • 14 traveltechme 2018
  • 15 TravelDaily TDC 18
  • 16 OTDYKH 2018
  • 17 Hotel Show dubai 18
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 18 thincindonesia 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 europecongress 18
  • 20 sahicsouthamerica 2018
  • 21 bitmchina 2018
  • 22 Hotel Management Singapore Summit 18
  • 23 PTM 2018
  • 30 PATA


Get our toolbar!
Review on