Prague to reinvest 50% of traveler tax back into sustainable tourism
On September 1, 2022, Authorities in Prague announced their plans to start reinvesting50% of the city’s tourist tax back into tourism. According to an official statement, the Czech capital will be the first city in the country to start doing so.The new legislation will come into effect at the start of 2024 and will mainly use the income from the recently increased accommodation fee paid by hotels and restaurants.The fee is the only direct financial income that the municipality receives from tourists and with the increase, it has now reached 50 Czech crowns per person. This is roughly equivalent to 2 euros. By reinvesting in the sector, authorities will create a sustainable model for the city's tourism and boost the cooperation between public and private actors. According to an official statement, this is because the tourists themselves will be paying for the amenities the city environment can provide.