Enabling the prosperity of accommodation throughout the business districts of Liverpool

The Accommodation BID began its first term on 15th January, 2023. This comes after an 84% vote in favour of the BID, which will see nearly 100 hotels and serviced apartments included.

The Accommodation BID is different from a tourist tax, and it is an important distinction to make. Revenue is raised via a levy from within businesses in the hotel and serviced accommodation sector. That revenue, which represents a £4m investment over five years, which includes a subvention fund of targeted investment. This is designed to attract small, medium and large conferences to Liverpool. In total, the Uk events industry is worth £70bn in direct spend. Over £31bn of this total is business events, conferences and exhibitions.

Investing in a subvention fund, supported by both Liverpool BID and the Accommodation BID, helps to attract these conferences and events to Liverpool. These events can play a critical role in professional development and improving the performance of business. It helps to build a commercial sector in Liverpool, developing and enhancing our interconnectedness. This, in turn, helps Liverpool to be more competitive, to improve our ability to grow and strengthen our economy. While conferences might represent industry coming from around the world, on our doorstep it helps us to learn and understand what our professional neighbours do, what their expertise is and what opportunity we have to strengthen our bonds and work together.

Supporting the attraction of events and conferences to Liverpool undoubtedly has a positive impact on our world leading visitor economy, yet it is also critical in shaping and enhancing our commercial and professional industries, helping to grow our economy further.