Insight
Hawaii's climate change tourist tax is expected to generate nearly $100M annually.
Hawaii's first-in-the-nation climate change tourist tax expected to generate nearly $100M annually
Summary
Hawaii is implementing a new climate change tourist tax expected to generate nearly $100 million annually. This is a significant development in STR regulation as the funds will likely affect host profitability. Hosts should monitor how these funds are allocated and how the tax impacts their overall costs.
Key takeaway