Accommodation Tax as a Tool of Financial Management of Destination. Insights from Selected European Countries

Accommodation tax can be viewed as a policy tool to mitigate the negative impacts of tourism on destinations and as a destination management tool. Accommodation tax could contribute to improving, amongst other things, the destination for both visitors and residents, as well as the quality of life for residents, if it is used effectively. Accommodation tax has become increasingly important to destinations worldwide to internalize the external costs of tourism and to support tourism investments, provide social services and to protect the environment. Even though the accommodation tax is a practice of several countries and even though the accommodation tax brings several advantages for the destination, not much academic attention is paid to its issue. Therefore, the aim of our study is to bridge the gap between accommodation tax and destination management, providing insights from selected countries Europe. A quantitative approach was applied in this study. Statistical data were processed using descriptive statistics, and the impact of accommodation tax on sustainable development was determined using the Spearman's correlation coefficient. Our study can be used as a basis for policy makers, destination managers, and academics for future research on accommodation tax.