The reduction of VAT from 12% to 8% during the four days of the carnival holiday, from last Saturday to Tuesday, left as a result about $48.9 million for tourist spending.
This, according to a first preliminary evaluation, reported by the Ministry of Tourism through a bulletin, detailing that the amount reached represents an additional 28% to that generated on the last holiday of 2021.
By reinforcing security, the VAT reduction to 8% proposed by Guillermo Lasso for the carnival holiday would have a better impact on tourism
The Minister of Tourism, Niels Olsen, stressed that these figures reflect the correct decisions of the Government, such as the reduced value added tax (VAT) rate of 8% on tourist services and the increase in capacity for outdoor and indoor places. , which generated savings for tourists and encouraged tourism
In this regard, union leaders of the tourism sector assured that the second point, that is, the increase in capacity, had a greater impact on the decision of tourists than the reduction of VAT to 8%.
According to official figures, more than 752,000 trips were made in the country that generated accommodation, “which contributed to the accelerated recovery of tourism.”
According to data from SIS ECU911, about two million people were mobilized to different parts of Ecuador, and there is a 21% decrease in receiving emergencies, compared to the year 2021.
Positive holiday for the tourism sector, which gives greater merit to the elimination of restrictions than to the reduction of VAT
Likewise, the average cost per tourist trip was $65, with an approximate hotel occupancy of 46%, which represents an increase of thirteen percentage points in relation to 2021.
Source: Eluniverso
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