Hong Kong's Financial Secretary, Paul Chan, is delivering the 2024-25 Budget at the Legislative Council today (Feb. 28).
Chan said he will revive the hotel accommodation tax at a rate of 3 percent on all accommodation charges paid by the guests, after the government waived it in July 2008.
Chan estimated it will bring HK$1.1 billion in tax income per annum. For hotel operators to be better prepared, the initiative will take effect in 2025, he said.
Chan stressed the tax to be collected is estimated to only account for less than 1 percent of the total spending of overnight visitors in the city.
"In the coming year, the government plans to allocate over HK$1 billion for upgrading tourism infrastructure and services to attract more high‑spending overnight visitors from different source markets to Hong Kong."
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