Hong Kong to Implement 3% Hotel Tax Next Year, Aiming to Raise $1.1 Billion Despite Tourism Industry Concerns

Hong Kong plans to implement a 3% hotel tax starting January 2023, expected to raise $1.1 billion annually
The tax has sparked some concerns from the hospitality sector, but most tourists say they are unfazed
Neighboring countries like Singapore, Thailand, and China charge even higher hotel taxes
Tourism industry stakeholders argue the tax may deter visitors when tourism hasn't fully recovered
Average overnight visitors spend $5,800 per trip, with hotel bills being about 20% of that, so tax is mild