MAT Increase Maintains Funding Stream To Tourism London

Council reviewed Tourism London’s annual report on Municipal Accommodation Tax expenditures and directed staff to raise the MAT rate from 4% to 5% by January 1, 2026. Under the existing policy, Tourism London will continue to receive 50% of net MAT revenues for tourism promotion.

Document date · September 24, 2024

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

From MAT rate increase effective no later than January 1, 2026, ongoing

Renewal

Ongoing funding arrangement where 50% of net MAT revenues are allocated to Tourism London, to continue after the MAT rate increase; any changes would require future Council action.

Document type

Minutes

Source document

City of London Council Minutes 2024-09-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of London?

Tourism London was awarded this government contract by City of London, as recorded on September 24, 2024.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of London Council Minutes 2024-09-24 (Minutes), dated September 24, 2024 from City of London. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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