London’s twelve most central local authorities are demanding the ability to tax every overnight hotel stay at a rate of at least 3%. They say in a release today that this ‘could raise £352 million per year.’ You can see the massive pound signs in their eyes…
Central London Forward has commissioned the research – it represents Camden, the City of London, Hackney, Haringey, Islington, Kensington and Chelsea, Lambeth, Lewisham, Southwark, Tower Hamlets, Wandsworth, and Westminster. It is still not clear where revenue from Tourist Taxes will go in London. Boroughs want at least half of the cash for themselves. Labour has pushed the powers through in a devastating blow to the overnight industry…
According to House of Commons research the average length of visit was 7.4 nights in 2024. In London the most recently reported average daily rates (ADR) sit at £260.10 for occupied hotel rooms. A 3% Tourist Tax charged on that rate over eight nights adds up to a whopping £62.42. The tax will also hit AirBnBs. Want to visit London on a budget under Labour – don’t bother, you can’t…
Robert Jenrick told a rally on Monday:
“They say Chancellors are either undertakers or bookies. This one is an ostrich – and when the Chancellor buries his head in the sand, the rest of us, we’re left staring at his you know what.”