Liverpool Accommodation BID’s Post

Liverpool’s Proposed £2 City Visitor Charge: A Strategic Move for Growth  Liverpool’s Accommodation Business Improvement District (BID) has proposed a £2 per night City Visitor Charge, set to begin in June 2025. This initiative is designed to generate £6 million annually, with funds reinvested into public services, destination marketing, and a subvention fund to attract world-class events to the city. 🔹 Key Objectives: - Enhance Liverpool’s competitiveness in the visitor economy. - Encourage more overnight stays, which contribute significantly to local businesses. - Support public services, including street cleaning and infrastructure improvements. 🔹 Why It Matters: Bill Addy, CEO of Liverpool BID, emphasized the importance of this move: “Overnight guests spend more in the city than day trippers. This model mirrors successful strategies in European cities, helping Liverpool attract major events and drive significant investment.” This proposed fee reflects Liverpool’s commitment to fostering sustainable growth while maintaining its position as a leading destination for visitors worldwide. 📩 Let us know your thoughts on this development and its potential impact on the tourism and serviced accommodation sector. #ProfessionalInsights #TourismStrategy #LiverpoolEconomy #ServicedAccommodation #DestinationMarketing

Having witnessed the evolution of tourism in Edinburgh over the years, it's clear that the city's popularity has soared, with the tourist season now extending throughout the year. The recent news of a new hotel and a reopened building on a main street reflects the city's thriving economy, creating jobs and fostering growth in local businesses. However, this growth comes with its challenges. The escalating demand for holiday accommodation is driving up property prices, making it increasingly difficult for locals, especially the younger generation, to afford homes. Will Edinburgh residents reach a tipping point, akin to those in Barcelona and Spanish Islands, in response to these changes? The balance between economic prosperity and housing affordability is indeed a delicate one. Share your thoughts on this double-edged sword. Read more about the evolving landscape in Edinburgh: [Link to the article](https://lnkd.in/dAZ-6F9X)

"Unlock Maximum Profits with Service Accommodation in London! Discover top strategies to boost your earnings in the heart of the city. Don’t miss out—read our latest blog now! 💼🏙️ #LondonRentals #PropertyInvesting"

The West Midlands Growth Company has broken records again, with more people visiting the region in 2023 than ever before... 📈 145.4 million people spent time here, enjoying our culture, food, retail, hospitality, sporting and business events offering. ✈ Four million more people (3% up) visited compared to data from 2022, when the region hosted the Commonwealth Games. 💰 The visitor economy in the West Midlands is now worth £16.3 billion, up £2.2 billion (15%). WMGC Chief Executive Neil Rami said: “The new West Midlands visitor pass, currently being developed, will positively change the way that people enjoy our region’s great venues, landmarks and hidden gems. “Building on another record-breaking year for tourism in the West Midlands and responding to a high demand from both visitors and our partners to introduce it, the pass will make it more affordable and convenient for the growing number of people who are choosing to spend their leisure time in this region. “We hope our new pass will encourage visitors to stay longer and explore even more of our award-winning attractions and hospitality settings, which might not have been on their original itineraries.” Read more here: https://lnkd.in/eSpy5uxe #AHC24 #westmidlandsgrowth

While at the Toronto Real Estate Forum, Curtis Gallagher sheds light on how hotels are stepping up as a viable solution for developers navigating #CRE challenges. Early conversations suggest a growing interest from groups who hadn’t considered hotels before. #TREF #Hospitality #AYdifference Canadian Real Estate Forums

It’s getting cold out there but one thing that’s heating up is hospitality! Learn more from Curtis Gallagher who spoke at the TREF last week, as developers look to enter a sector of options. #PoweredByPeople #AYdifference #Hospitality https://lnkd.in/gk--ikbN

Here's a few reasons why St. Augustine is particularly well-suited for a hospitality business. Tourist Magnet: St. Augustine is filled with historic landmarks, like the Castillo de San Marcos, the oldest masonry fort in the continental U.S., and the historic St. George Street. Each year, millions of visitors come to explore the Spanish, British, and Native American influences in its architecture, museums, and festivals. Cultural Events: Events like the Night of Lights, a holiday season festival where the city glows with millions of lights, draw large crowds every year. Steady Tourism & Year-Round Visitors: Unlike many beach towns, St. Augustine attracts visitors year-round, thanks to its combination of historical allure, cultural events, and temperate climate. Broad Demographics: St. Augustine appeals to a range of travelers, from families and retirees to history enthusiasts and honeymooners, meaning a broad, stable visitor demographic. Population Growth in Northeast Florida: This region, especially nearby Jacksonville, is experiencing significant growth. More regional residents mean a higher influx of weekend travelers. DSH Hotel Advisors has been retained as the exclusive broker to market for sale The Ponce St. Augustine Hotel. Strategically positioned on Ponce de Leon Boulevard/Route 1, which boasts an impressive 37,000 AADT (Annual Average Daily Traffic), the property location offers exceptional visibility and accessibility. See full details below: https://lnkd.in/e-z9SkwZ

Totally agree with you, but you do know this is happening nationally don’t you? Albanese is a committed socialist and socialists hate business. It’s the concept of oppressor versus the oppressed. And those who are businesses and wealth are the oppresses of course But I’m more important questions needed here Where is the opposition? Where is the strength of character? Where is the commitment to true values of free enterprise and allowing people to get on with their own own lives unencumbered by the government? It’s certainly isn’t with the leadership of the liberal coalition in Victoria they are a failure at almost every level Changes needed, not just in the Victorian government, but in those who would be the new government Otherwise, it’s just labour light

Liverpool tops poll to find best large city break: Liverpool’s “buzzing atmosphere” has led to it being named the UK’s best large city break in a survey. The city topped a Which? poll which asked its members about their visits to UK cities and towns in the last two years. The destinations were scored on accommodation, food and drink, cultural sights and value for money, the consumer brand said. Rory Boland, Editor of Which? Travel, said Liverpool also stood out for its “fantastic cultural scene” in its survey of almost 4,000 members. Liverpool took top spot in the large cities category with a city score of 84%, beating Manchester (71%) and capital cities Belfast (77%), London (76%) and Cardiff (72%). Boland said: “Whether you’re after vibrant nightlife, world class museums or a first-rate dining experience, our survey shows that the UK has a wealth of fantastic cities just waiting to be explored. Liverpool stood out among the UK’s large cities for its fantastic cultural scene and buzzing atmosphere, beating London and the UK’s other capital cities to take first place

#NewsUpdate | Charter Hall and Hostplus have increased their bid for Hotel Property Investments to A$3.85 per share, valuing it at A$755.8 million. https://lnkd.in/dnS-966A   #RealtyNXT #RealEstate #CharterHall #Hostplus #HotelPropertyInvestments #Australia #StockMarket #PensionFunds #AssetManagement #MarketTrends #Diversification #Equity #InvestmentStrategy