The tourism sector in Ukraine is demonstrating a steady recovery and growth in tax revenues, surpassing pre-war figures. In the first quarter of 2025, the state budget received nearly ₴799 million from the tourism sector, which is 30% more compared to the same period last year (₴616 million), and almost double the amount from the first quarter of 2023 (₴383 million). The current level of tax revenues exceeds the pre-war result of 2021 by 27%, when it amounted to ₴629 million in the first quarter.
This is reported by Finway
Reasons for the Growth in Tax Revenues in the Tourism Sector
Experts from the State Agency for Tourism Development of Ukraine note several factors that contributed to this growth. In particular, this includes an increase in tax rates as well as a rise in the number of taxpayers. In 2025, the number of entities paying taxes in the tourism sector reached 12,757, which is 7% more than in 2024. At the same time, these figures have not yet reached pre-war levels: in 2022, the number of taxpayers was 15,142, and in 2021 it was over 16,000.
The Impact of Prices and Domestic Tourism on Budget Revenues
The impact of inflation and rising operational costs has led to an increase in hotel service prices, which has also affected budget revenues. In recent years, the cost of tourism services has risen by an average of 20–40%. Among other factors that positively influenced the development of the sector are the activation of domestic tourism, business relocation, and an increase in the number of internally displaced persons, who created additional demand for housing and hotel services.
“The tourism sector in Ukraine has returned to pre-war income levels and continues to gain momentum. In the first quarter of the year, the budget was supplemented by nearly ₴799 million from tourism. This is 30% more than in the same period of 2024 (₴616 million), and nearly 100% exceeds the amount from the first quarter of 2023 (₴383 million), reported the State Agency for Tourism Development. This year’s tax revenues have already exceeded pre-war figures from 2021 by 27% (₴629 million for the first quarter).”