The Sustainable Tourism Tax: a higher quality destination
The sustainable tourism fund provides financial backing for projects to support environmental development and protection, promote sustainable tourism, restore historical heritage, perform scientific research and promote training and employment.
Since 2016 the Balearic Islands have had a fund that makes it possible to confront the high level of use of the islands’ territory and environmental resources as a result of tourism. This is the Fund to Encourage Sustainable Tourism, which is financed using the income generated by the Sustainable Tourism Tax and makes it possible to fund programmes that focus on:
In the first year, 2016, 30 million euros were collected, funding a total of 46 projects. Of these funds, 80% went on environmental protection and water supplies and the remaining 20% on measures to promote sustainable tourism, cultural heritage, development and innovation. In 2017 the total receipts came to 64 million euros. This has made it possible to approve 62 projects, such as “Water techniques and industry in the Balearic Islands”, “Renovating the Milà Nou estate to create the Menorca countryside visitors centre”, “Creating the Balearic Islands Hospitality Industry School in Ibiza” and “Acquiring the Sa Senieta estate and farmhouse”.
Tourism is one of the most important sources of income for the economy of the Balearic Islands. The prime objectives are continuous transformation, innovation and sustainable development over time. Accordingly, the impact of the Sustainable Tourism Fund’s investments involves improvement for the islands and is of great benefit for their society as a whole.
For further information, please consult the website: www.sustainableislands.travel