The Tourist Tax

Good morning, Nerders. It’s Friday, September 13th. In today’s newsletter, we cover:

• The Tourist Tax — More than 60 destinations now charge tourism fees, including many places in the United States and Europe

• Sports Betting — States are collecting on a tax windfall from legalized sports gambling

• Apple Intelligence — Is the new iPhone 16 really built to support AI? I have concerns.

TODAY’S STORY

Tourist taxes are not new, but they are becoming increasingly common.

• New Zealand nearly tripled its entry fees for tourists, effective Oct. 1st

• Bali introduced a new tourist tax in Feb.

• Iceland reinstated its tourism tax that it had suspended during the coronavirus pandemic at the start of the year

How or where tourists pay these fees can vary. They are usually levied indirectly through accommodation providers like hotels or Airbnb. More than 60 destinations now charge tourism fees, including many places in the United States and Europe. 

These fees aim to decrease the total number of visitors and support municipalities strained by over-tourism. However, studies on tourist taxes, like this one, are inconclusive regarding whether these fees effectively limit visitor numbers.

Next time you travel, look out for the tourist tax!

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DATA BYTES

• New York contributes more than 37% of the total tax revenue generated from sports betting in the United States

• The increase in New York’s gambling revenues is attributable to new forms of gambling rather than increased consumption of existing forms

#SHORTS

Is the new iPhone 16 really built to support AI? I have concerns.

@boringbusinesskieran

Is the new iPhone 16 really built to support AI? I have concerns 😬 // make sure to follow me to keep up with the latest business stories a... See more

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To read the web version of previous stories, click here

If you have any comments or feedback, just respond to this email.

Thanks for reading,
Kieran & Justin Ryan