SkiftX SkiftStats

Tourism leaders say EU’s wrong-headed tourism taxes will only hurt revenues

Excerpt from Travel Daily News

Jul 27, 2012 1:50 am

Skift Take

Despite the lure of quick cash benefits, WWTC urges the 27 EU finance ministers to reconsider impulsive tourism taxes that have proved in the long run to decrease revenue as travelers try to avoid fees — or just travel less.

— Samantha Shankman

Register Now for Skift Global Forum

The World Travel & Tourism Council (WTTC) has written to all 27 Finance Ministers in the European Union urging them to recognise the important role of the industry in stimulating economic growth and jobs, while avoiding unproductive knee-jerk tax hikes at a time of austerity.

The letter, written by Dr Michael Frenzel, Chairman of the Executive Board, TUI AG and Chairman, WTTC and David Scowsill, President & CEO, WTTC, reminds Finance Ministers that Travel & Tourism is a key generator of employment across the European Union directly generating 10 million jobs across Europe, substantially more than the automotive manufacturing (3.2 million), mining (3.6 million) and financial services sectors (8.5 million).

Read the Complete Story →

Tags: , , ,

Next Up

More on Skift

The Hard Numbers on Why Hotels are Losing the Online Booking Wars
Commerce and Travel Platform Deem Secures $50 Million in Funding
Interview: The Three Women Behind Las Vegas’ First Boutique Hotel
A Modern Business Traveler’s Plea to the Corporate Travel World