Metropolis poised to re-up resort tax for 5 far more several years

The Municipal Lodging Tax or MAT was applied in 2019 and so considerably has garnered $4.1 million in revenue, with $1.6 million or 40 per cent transferred to the City’s MAT reserve and $2.5 million or 60 for each cent  transferred to Tourism North Bay

To ensure the economic toughness of Tourism North Bay and assist the City of North Bay’s investments in tourism property, North Bay Metropolis Council will tackle a advice to approve a new 5-12 months offer centred on the Municipal Lodging Tax (MAT).

Tourism North Bay’s profits is generally drawn from the MAT, a four per cent fee included to the costs of guests of area motels by the City of North Bay and earmarked for the tourism field. 

Council will vote on the matter during its typical meeting on Tuesday, March 26. The agreement between the Town and Tourism North Bay (TNB) will “be certain continued advertising and marketing to draw in people and encourage a lengthier keep or repeat visits,” according to a team report.

In September 2018, the council of the working day adopted a four per cent tax on lodging in North Bay and before long just after a four-yr settlement took effect among the Metropolis of North Bay and the Tourism North Bay Affiliation. According to the report, “The implementation of the Municipal Lodging Tax has created new revenues to boost tourism in North Bay and leverage funds investment decision and progress.”

The MAT was implemented in 2019 and has garnered $4.1 million in profits, with $1.6 million or 40 for every cent transferred to the City’s MAT reserve and $2.5
million or 60 for each cent transferred to TNB. Council has the authority to approve funding from reserves to connected funds assignments, as wanted. 

The City also draws $40,000 from the MAT reserve annually to help regional tourism infrastructure by way of TNB’s Tourism Infrastructure Fund (TIF), an application-dependent software to aid non-public sector tourism belongings.

See also: Lodge tax yields practically $1 million in 2019

And: Council seeking at choices to invest Municipal Lodging Tax

Because February 2023, when the preliminary arrangement expired, the proponents have been operating beneath the unique conditions. “All pursuits executed by Tourism North Bay Association are needed to fulfill the main plan mandate of acting as the official vacation spot internet marketing business for North Bay such as promoting tourism belongings and serving as a resource for the sector. Tourism North Bay’s target is to bring in readers and persuade extended stays and repeat visits.”

See: Temperature leading to tourism struggles this winter season

This year, the Northern Ontario Tourism Summit will be hosted by Tourism North Bay in partnership with Character and Outside Tourism Ontario and Destination Northern Ontario.

See similar: Interactive electronic kiosks released by Tourism North Bay

And: New tourism magazine expecting to be a tourism entice

The City of North Bay’s website points out the MAT is not a tax on nearby enterprises. The MAT applies to an lodging bought for a continuous interval of less than 30 days in a hotel, motel, lodge, inn, bed and breakfast, dwelling device or any place an accommodation is furnished. The tax is utilized to the lodging demand only and not to other charges this sort of as valet parking, laundry service or continental breakfast. The MAT ought to be discovered as a independent product or demand on every single monthly bill, receipt or invoice.