Lisbon’s municipal council received 11.2 million euros (11.8 million U.S. dollars) in revenue through a tourist tax for overnight stays between January to October this year, local news agency Lusa has reported.
The council has so far spent 3.5 million euros in promoting the capital from the revenue it received, according to the report.
The tourism tax was launched on Jan. 1, 2016, and means that both national tourists and foreigners have to pay 1 euros per night at hotels and local accommodations.
According to official figures, 7.7 million euros were raised from tourist tax for overnight stays at tourism establishments and 3.5 million euros through local accommodation.
From the money raised through local accommodation, 1.2 million euros were raised through an agreement between the municipality and Airbnb. The home-sharing firm started collecting tourism tax from May, and sending the revenue quarterly to the regional authority.
Local authorities said revenues received through the tourism tax corresponded with their expectations and that new partnerships would be formed with intermediaries like Airbnb.
Around 4,000 local establishments and 200 hotels registered on the platform used to monitor the tax up until October. (1 euro = 1.05 U.S. dollars)