FeaturedfinanceBoutique Hotel News··1 min·For: Owner, GM, Revenue, Investor
England Advances Plans for Uncapped Hotel Tourist Tax
The UK government is preparing legislation granting regional mayors the power to levy an uncapped tax on hotel and short-term rental stays. Expected to take effect around 2028, the proposal faces strong pushback from industry leaders warning of reduced demand and job losses.
Key Takeaways
- 1New legislation will allow English mayors to introduce local overnight accommodation levies with no national price cap.
- 2London is reportedly considering a percentage-based levy of up to 5%, with revenues reserved for local infrastructure and services.
- 3UKHospitality warns that a 5% nationwide levy could cost 33,000 jobs and decrease economic activity by £2 billion.
Source: Boutique Hotel News
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