Hotel guests will now pay up to US$16.50 in taxes per night
Guests staying in hotels in Monaco will now pay an additional fee, owing to the introduction of a tourist tax applicable from 1 January 2024.
The tax is imposed upon non-residents over the age of 18 staying in a hotel or hotel residence within the Principality. Currently, it is not applicable to those staying in furnished rental properties, such as an Airbnb.
Visitors staying longer than 90 days will be exempt, while those participating in group professional events may qualify for partial or total exemption from the tax, determined by Monaco’s Tourism and Convention Authority.
The tourist tax rate will be fixed annually by a ministerial decree according to the category of accommodation, per person, per night of stay, within a limit of US$16.50 per night.
For example, Hôtel de Paris Monte-Carlo and Hôtel Hermitage Monte-Carlo will charge US$15.50 per person, per night. Meanwhile, a US$14.40 per person, per night will be levied at Monte-Carlo Bay Hotel & Resort. Establishments will be responsible for paying the tax, whether or not it is collected.
It’s estimated that the tourist tax will bring in US$4m annually to the region with funds to be used to maintain tourism provisions within the jet-set Riviera enclave.
Renowned for being the playground of the super-rich, not to mention its favourable tax laws, Monaco serves up Michelin-starred cuisine, alongside its marina heaving with super yachts and its famed Casino de Monte Carlo.
The introduction of this tax brings the Principality in line with countries such as France, Italy and Switzerland, which have long imposed similar fees on visitors.
Meanwhile, in Amsterdam, the tourist tax is set to increase by 12.5% in 2024, making it the highest tourism tax in Europe. The move will assist the city in accommodating the growing number of tourists every year, which is expected to reach over 20 million in 2024.