In the first quarter of 2025, tax revenues to the state budget from hotels showed significant growth, reaching 565.9 million hryvnias, which is 43% higher than the figures for the same period last year.
This is reported by Finway
Reasons for the Increase in Tax Revenues
Despite a decrease in the number of tourists and the exit of some companies from the market, the hotel business in Ukraine is demonstrating positive dynamics. Among the key factors for this growth, experts cite inflation, which reached 12% in 2024 (compared to only 5.1% in 2023). As a result, prices for accommodation, transportation, and related services have significantly increased, and the average bill in the tourism sector has risen. This, in turn, contributed to the increase in tax revenues.
Situation in Related Tourism Sectors
A positive trend is also observed among tour operators: in the first half of 2025, they paid 98.3 million hryvnias in taxes, which is 11% more compared to 88.7 million hryvnias for the corresponding period last year. Travel agencies have also increased their tax contributions to nearly 75 million hryvnias, representing a growth of 42%.
Among the additional reasons for the increase in tax revenues, experts highlight the reduction in the number of market players — after some companies exited, their client base was taken over by other hotels and operators. Furthermore, there is an active reorientation towards domestic tourism, which also positively impacts the financial indicators of the industry.
“Despite the decrease in the number of tourists and the fact that many companies have disappeared from the market, the hotel business is showing growth: tax revenues to the state budget from hotels in the first quarter of 2025 reached ₴565.9 million. This is 43% more than in the same period last year.”