Tourism Business Improvement Districts

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Richard Spencer

Learn more about Tourism Business Improvement Districts.

Empresariales Economía y finanzas

Tourism Business Improvement Districts “ The UK has over a 100 Business Improvement Districts (BID’s), the USA over 1,000 – America has now taken this model further and created Tourism Business Improvement (TBID’s) – these sector based, self funded partnerships, based on the principles of BID’s are a real opportunity to stimulate growth locally” Visit England ,[object Object],[object Object],[object Object]

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We already have BID’s Business Improvement Districts

“ A defined area within which businesses pay an additional tax or fee in order to fund improvements within the district’s boundaries” (Local Govt Act 2003) Street cleaning; security; capital improvements; streetscape investment; marketing Supplemental to existing provision

Now we are talking about TBID’s Tourism Business Improvement Districts “A stable source of funding for marketing efforts designed to increase occupancy and room rates for accommodation providers”

What does a TBID do? ,[object Object],[object Object],Who manages a TBID? How is a TBID funded? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Recent Signals ,[object Object],[object Object],[object Object],[object Object],[object Object]

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California Study ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

California Study Results (36/18) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Tourism Business Improvement Districts

4. We already have BID’s Business Improvement Districts

5. “ A defined area within which businesses pay an additional tax or fee in order to fund improvements within the district’s boundaries” (Local Govt Act 2003) Street cleaning; security; capital improvements; streetscape investment; marketing Supplemental to existing provision

6. Now we are talking about TBID’s Tourism Business Improvement Districts “A stable source of funding for marketing efforts designed to increase occupancy and room rates for accommodation providers”

10. California Study

11. California Study

12.

13. California Study

14.

15.

16.

17.