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HomeMy WebLinkAboutCAO-19-007 - Municipal Accommodation Tax (Ontario Regulation 435/17 Transient Accommodation Tax)REPORT TO:Finance and Corporate Services Committee DATE OF MEETING:April 15, 2019 SUBMITTED BY:Dan Chapman, CAO 519-741-2200 ext. 7350 PREPARED BY:Kathryn Dever, Director, Strategy & Corporate Performance 519-741-2200 ext. 7370 Kim Kugler, Director, Sport 519-741-2200 ext. 7544 Cory Bluhm, Executive Director, Economic Development 519-741-2200 ext. 7065 WARD (S) INVOLVED:All Ward(s) DATE OF REPORT:March 29, 2019 REPORT NO.:CAO-19-007 SUBJECT:Municipal Accommodation Tax(Ontario Regulation 435/17 Transient Accommodation Tax) _____________________________________________________________________________ RECOMMENDATION: Thatabylaw be established for implementation of a mandatory 4% Municipal Accommodation Tax for hotels in the City of Kitchener effective July 1st, 2019; subject to equivalent approvals by the other lower tier municipalities in Waterloo Region; and, That the 50% (Waterloo Regional Tourism Marketing Corporation-WRTMC) / 40% (City) / 10% (Region of Waterloo) revenue sharing modelas outlinedwithin this report be approved; and, That staff be directed to establishaMunicipal Accommodation Tax Reserve Fund to outlined in Appendix B of this report; and, That the Chief Administrative Officer (CAO)and Clerk be delegated authority to enter into an agreement with the Waterloo Regional Tourism Marketing Corporation to collect the revenues on behalf of the City of Kitchenerand for the use of 50% of the Municipal Accommodation Tax funds by WRTMC. (Note: Administration costs to be deducted prior to distribution of funds); and, That the CAO and Clerk be delegated authority to enter into other agreements as may be required to administer and govern work to be funded from the MAT; and, That staff/WRTMC report back in 2020 to Council on the progress of the new Municipal Accommodation Tax; andfurther, *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. 3 - 1 That a joint study be undertaken by WRTMC and the Municipal partners in 2022 with respect to the effectiveness of the program to inform potential program refinements at that time. BACKGROUND: On November 23, 2017, the Province of Ontario issued the Transient Accommodation Regulation 435/17, which came into force December 1, 2017 and provides the necessary provisions for lower tier and single tier municipalities across Ontario to implement a Municipal Accommodation Tax(MAT). These voluntary fees have been used to raise funds for destination marketingand tourismacross Ontario and North America for many years but have not been implemented in Waterloo Region. As a popular destination for culture, events (sports and otherwise), sightseeing, business and government travel, the Region of Waterloo welcomes more than 4.8 million visitors a year. Accommodation supply in Waterloo Region totals approximately 3,000 rooms, with 1,090being in the City of Kitchener. Visitors to Waterloo Region have a significant economic impact locally injecting approximately $357 million into our local economy on an annual basis. The purpose of this common report is to recommend the implementation of a 4% Municipal Accommodation Tax for all Waterloo Region lower tier municipalities effective July 1st, 2019. It is estimated that this will generate $3.271M annually ($938,000 in the City of Kitchener) which would be split between the Waterloo Region Tourism Marketing Corporation (50%), the participating lower tier municipalities (40%), and the Region of Waterloo (10%). REPORT: Introduction In the spring of 2017 the Provincial Government announced budget plans to give municipalities the power to levy a hotel tax.On November 23, 2017, the Province of Ontario issued the Transient Accommodation Regulation 435/17, which came into force December 1, 2017 and provides the necessary provisions for lower tier and single tier municipalities across Ontario to implement a Municipal Accommodation Tax (MAT).Voluntary fees (known as destination 3 - 2 marketing fees) have been collected in a number of municipalities across Ontario (Ottawa, Toronto, Sault Ste. Marie, Niagara Falls) for many years but have not been implemented in Waterloo Region. Waterloo Region Tourism Marketing Corporation and Regional Tourism Organization 4 (RT04) have both been advocates of the need for more revenue tools to enhance the competitiveness of tourism in our broader community.RT04 commissioned a report by CBREinthe summer of 2017 that documented the potential implications of a hotel tax on its key partners.This report providedthe following revenue estimates for Waterloo region: Hotel Accommodations* within Waterloo Region and Estimated Revenue from a 4% Municipal Accommodation Tax MunicipalityHotel PropertiesRoomsEstimated 4% MAT Revenue Cambridge101,026$1,200,000 Kitchener101,090$938,000 Waterloo4538$640,000 Woolwich3313$475,000 Wilmot16$10,000 Wellesley116$8,000 North Dumfries000 TOTAL282,973$3,271,000 *Note The CBREstudydid not include properties in Wellesley, North Dumfries orshort term rentals (ie: Airbnb, Homeaway, VRBO, home-to-go). Municipalities with a significant clustering of short term rentals would also generate revenue from this framework. This additional revenue has not been factored into the numbers above. WRTMC further engaged Gaining Edge consulting to prepare a business case for MAT for Waterloo Region. Their findings are included in Appendix A. Sharing of revenue with WRTMC With regards to revenue sharing with WRTMC, the Provincial regulations provide for the following: Where no formal Destination Marketing Fee (DMF) exists, municipalities can impose a tax.Local municipalities that choose to impose a tax may reach an agreement with a person or entity to collect it on their behalf. The rules set out a minimum amount of tax revenue sharing that must occur, but in no case do the regulations require municipalities to share more tax revenue than they collect. 3 - 3 Waterloo Region and the Area Municipalities formed the WRTMC in 2007.This organization has a $1.05 M annual budget with approximately 60% of the funding coming from the Region and Area Municipalities, as outlined below: Municipality2019 Contribution Region of Waterloo$300,000 City of Cambridge$90,000 City of Kitchener$90,000 City of Waterloo$90,000 Township of Wilmot$10,000 Township of Woolwich$10,000 Township of North Dumfries$5,000 Township of Wellesley$5,000 TOTAL$600,000 The WRTMC Board has long considered a voluntary DMF for our community but did not find consensus from the accommodators and as such no DMF has been implemented.Therefore by regulation the area municipalities would be required to provide at least 50% of revenues collected through this proposed tax to WRTMC. Municipal staff has considered the foregoing regulations and recommendthat 50% of the revenues from the MAT be provided to WRTMC for the advancement of their tourism strategic plan with a goal of increasing overnight accommodation metrics within our community.Based on the hotel accommodation calculations earlier inthis report,the 50% allocation to WRTMC is expected to be approximately $1.6M annually.Aproposed sports hosting office would be funded through the WRTMC portion as well. Municipal funding (40%) would be used to support and enhance tourism, sport, and cultural offerings, as well as major event attraction efforts in a variety of ways. Appendix B outlines more information on the specific proposed uses. The Region of Waterloo would be remitted (10%) of the anticipated annual revenues ($327,100) for enhancement and promotion of their cultural funding allocations.It is anticipated this will strengthen the position of key cultural institutions within the Region thereby also enhancing the tourism component of our economy. Ontario regulation 435/17, Section 6, requires that tourism organizations that receive funding from a MAT enter into agreements with local municipalities respecting reasonable financial accountability matters in order to ensure that amounts paid to the entity are used for the exclusive purposeof promoting tourism, and the agreement may provide for other matters. WRTMC is committed to entering into an agreement with its municipal funding partners for the collection, disbursement and use of the MAT funding based on the outcomes of this council report and the council reports of the other applicable local tier municipalities (City of 3 - 4 Cambridge, City of Kitchener, Township of Woolwich, Township of Wellesley, Township of North Dumfries and Township of Wilmot). What types of accommodations are required to pay this tax? As an eligible hotel transient accommodator doing business and/or facilitating business transactions within the boundaries of the Region of Waterloo, the accommodator will be obliged by law to collect and remit a four percent (4%) MAT on all rooms sold for overnight accommodation. Revenues generated from other hotel services, including but not limited to such things as meeting room rentals, food & beverage, and room service, will be excluded from the MAT. Bed & Breakfast operators will be required to collect and remit the MAT until an exemption is applied for and approved. It is also expected that short term rentals (STRs - MAT.It is understood that Airbnb has agreements in more than 300 jurisdictions globally to collect and remit hotel taxes on behalf of their hosts and guests, and as such implementation in Waterloo Region is not expected to be difficult. Currently the proposed 4% MAT would be applicable to all eligible hotel transient accommodators including STRs in the City of Cambridge, City of Kitchener, City of Waterloo, Township of Woolwich, Township of Wellesley, Township of North Dumfries and Township of Wilmot. This framework is proposed to exclude campsites, given that no other municipality in Ontario is implementing a MAT for this form of rental. What types of accommodations would be exempted from this tax? Accommodations that are rented for 30+ consecutive nights (including seasonal trailer parks) Lodgings provided to students by a university, college or post-secondary while the student is registered at and attending the institution Every hospital referred to in the list of hospitals and their grades and classifications maintained by the minister of Health and Long-Term Care under the Public Hospitals Act and every private hospital operated under the authority of a license issued under the Private Hospitals Act Every long-term care home as defined in subsection 2(1) of the Long-Term Care Homes Act, 2007, retirement home and hospices Treatment centres that receive provincial aid under the Ministry of Community and Social Services Act Every house of refuge, or lodging for the reformation of offenders Every charitable, non-profit philanthropic corporation organized as shelters for the relief of the poor or for emergency Every tent or trailer sites supplied by a campground, tourist camp or trailer park 3 - 5 Every accommodation supplied by employees to their employees in premises operated by the employer Every hospitality room in an establishment that does not contain a bed and is used for displaying merchandise, holding meetings, or entertaining A traditional Bed & Breakfast operator may apply to the local municipality for an exemption from the charging and remittance of the Municipal Accommodation Tax, o namely the Bed & Breakfast establishment meets the definition of the local Zoning By-laws; o the Bed & Breakfast establishment is occupied and operated by the property owner, and is classified in the residential property tax class; o the accommodation purchases are invoiced by the Bed & Breakfast establishment and not a third party home-sharing listing entity. What happens with the funds generated through the MAT? Funds generated through the MATwill be invested in sales, marketing, bid acquisitions, bid hosting, office operations support and tourism development activities through the Waterloo Region Tourism Marketing Corporation. WRTMC promotes Waterloo Region for leisure visitors, meetings and conventions, festivals and sporting events, tour operators, and travel trade. WRTMC also invests in long term destination attraction/retention/development initiatives aimed at enhancing the visitor experience.The current budget of WRTMC is approximately $1.05M and the additional anticipated MAT revenue is expected to be $1,615,000. In 2017, WRTMC engaged in a broad discussion with stakeholders, Board members and staff to develop a 3 year strategic plan. In late 2017 and throughout 2018, WRTMC and RTO4 engaged in an assessment of Waterloo Region (DestinationNext) followed by consultations with community leaders, stakeholders, tourism industry partners and elected officials to develop a Strategic Plan for Waterloo Region. This plan is a 10 year destination road map that includes a vision, goals and strategic initiatives. It reflects on the importance of paying as much attention to the management of the destination, as it does to the marketingand event hosting. And the foundation of the plan is the unique selling propositions of the region.Actions recommended from the secondplan are not solely the responsibility of WRTMC, but rather include municipal partners, community groups and volunteer organizations. The following table shows the responsibilities and actions to be undertaken by WRTMC and the estimated costs involved for a one year term. WRTMC will develop further policy that guides allocation of the increased budget, with a goal of avoiding duplication and enhancing transparency. 3 - 6 Strategic ObjectivesTacticsKey Performance Spend Indicators Develop a strategy to enhance # of festivals, growth of Current spend (Budget $1,047,600) and grow festivals, build festivals, event impact year collaboration within WR over year, # of festivals & Focus on event festivals, collaborate with events receiving Celebrate Marketing generation as a key municipal staff, Festivals & grants, amount of $400,000 -38% enabler of tourism Events ON and MTCS for Celebrate $$ received in development within Celebrate funding, build WR, ROI on digital ads, Communications/ Waterloo region marketing content, digital ExploreWR website & Content/Public & advertisingsocial media analyticsMedia Relations $64,325 -6.1% Continue to build hosting # of RFPs received, # of resume and target larger Supporting Pillars #2 site visits, # of events Sales profile events as thenational Sport Hosting and #3 booked, ROI analysis of $83,940 -8% and international level Festivals, Events & sport events, # of bids for Sportand festivals, build Attractions. submitted for local sport & Research relationship with local sport festival organizations, $16,500 -1.6% organizationsand PSOs, grow growth of volunteer base volunteer base Staff $417,407 39.8% Website improvements & Raise the profile & updates, collateral # of RFPs received, # of brandassociation of General & Admin development, image & video site visits, # of meetings the technology $65,428 -6.2% development, content booked knowledge sector with creation,social media, attend ROI analysis of meetings in Waterloo Region Forecasted spend trade shows, host fam visits, the region through development (Budget $2,500,000) build bid support fund of meetings & events. Marketing Digital advertising, social ROI on ads, web & social Supporting Pillar #1 $858,600 34% media, public & media media analysis, earned Knowledge & relations, familiarization visits, media coverage, leads Tecnology Communications/ travel trade show attendance generated from show Content/Public & & sponsorshipattendance & site visits Media Relations $140,000 5.6% Analysis of current offerings and gaps, align with Target product Sales municipalities, RTO4 and # of outdoor experience development & $300,000 12% Destination ON to enhance offers, # of bookings by enhancement of marketing of G2G Trail, Grand meetingand tour operators, outdoor experience Research River, support and analysis of earned media coverage, $64,000 2.5% local operators and offerings, web & social media Supporting Pillar #4 media & travel trade fam analytics Urban Outdoors Product Development visits, Newsletters, web & $100,000 4% social media content Visitor statistics, Bid Support Researchbenchmarking, data Benchmarking info $250,000 10% evaluation, Event impact Supporting all Pillarscalculator 3 - 7 Establish WRTMC as Media development & Staff communication, regular $634,400 -26% Authority, while newsletters, fam visits, media # of speaking engagements adopting a singular support for visits, build website General & Admin by CEO/staff, earned focus on high return content & community $153,000 6.1% media,User generated target markets and engagement, participate in content, Instagram posts eventslocal events, est. presence on industry Board of Directors & Supporting all Pillarsvolunteer committees There will be future opportunities for stakeholders to be involved in planning and budgeting of future MAT proceeds. The City of Kitcheneris expected to receive approximately $375,200 annually (40% of the $938,000 Kitchenergenerated revenue).The intention of this funding is to support and enhance tourism, sport, and cultural offerings, as well as major event attraction efforts in a variety of ways. Appendix B outlines more information on the specific proposed uses, which would be governed by the proposed Reserve Fund guidelines. It is important that the municipal share of funds raised through the MunicipalAccommodation Tax be segregated and only used for approved municipal purposes to demonstrate transparency and accountability to the hospitality industry. To that end, staff are recommending to create a specific revenue, as outlined in Appendix B. Stakeholder Consultation WRTMC has consulted with the hotel industry on the MAT issue overthe past six years and more extensively since the provincial legislation was introduced.The majority of hotel partners agree that a municipal accommodation tax will level the playing field (as all accommodators will be affected) and is a good way to stabilize marketing and tourism funds for Waterloo Region. There are some stakeholdersthat prefer 100% of all funds to be directed to WRTMC to ensure that tourism promotion receives maximum benefit. In response, staff throughout the region are proposing to place revenue into a dedicated account for the purpose of tourism-related activities and to report on expenditures. This will ensure all monies are directed to tourism- related activities. It is proposed that staff report back to Council in 2020 on the implementation of the Municipal Accommodation Tax.Further, it is proposed that a formal joint study be undertaken by the WRTMC and municipal partners in 2022 to assess the impact of investments made with this revenue and to inform refinements to the model asappropriate. 3 - 8 Implementation A decision by the local Waterloo region area municipalities for implementation of a MAT on st July 1, 2019 is the recommendation contained within this report. This timeframe will provide a reasonable notice period for thestakeholder accommodators within our community and in turn their respective customers.In addition it is expected that little time is required for the various accommodator billing systems to be updated to accommodate the MAT and for WRTMC to implement theadministrative system for collections and distribution. Should Council approve this report, City staff will also draft a bylaw that would enable the MAT including the following requirements Subject of the tax to be imposed; Tax rate or the amount of tax payable; Manner in which the tax is to be collected, including the designation of any persons or entities who are authorized to collect the tax as agents for the municipality and any collection obligations of persons or entities who are required to collect the tax. The by-law may also provide for: exemptions from the tax e.g. university and college residences occupied by students; bed & breakfast; rebates of tax; penalties for failing to comply with the by-law; interest on outstanding tax; penalties or interest; audit and inspection powers; dispute resolution mechanisms; and enforcement measures. It is anticipated like other Cities in Ontario that a simplified remittance form can be used by the local accommodators similar to that used by business to remit HST/GST to the Canada Revenue Agency. Accommodators would complete the simplified MATform on a monthly basis and remit the associated MAT to the WRTMC. Conclusion Various communities across Ontario are moving toward the implementation of the MATin order to promote and advance the tourism potential of their Cities.Recent decisions and considerations by other Ontario jurisdictions include: CommunityProposed MATImplementation Date st City of Ottawa 4%January 1, 2018 City of Sault Ste. Marie4%January 1, 2019 Niagara Falls$2/room nightIn place Waterloo Region 4%July 1st, 2019 Municipalities City of London4%October 1, 2018 City of Toronto4%April 1, 2018 City of Kingston4%August 1, 2018 City of Windsor4%October 1, 2018 City of Hamilton3%Voluntary DMF in place City of Barrie4%January 1, 2018 3 - 9 City of Stratford3%Voluntary DMF in place City of Brockville4%May 1, 2018 City of Cornwall4%July 1, 2018 City of Huntsville4%April 1, 2019 City of Markham4%January 1, 2018 City of Mississauga4%July 1, 2018 City of North Bay4%February 1, 2018 City of Oakville4%January 1, 2019 City of St. Catharines4%January 1, 2018 City of Sudbury4%September 1, 2018 City of Thunder Bay4%September 1, 2018 City of Timmins4%January 1, 2019 * Proposed rates still subject to council approval The percentage of MAT revenue that Tourism Marketing Corporations receive from the list above varies from 50% (as proposed here) to 100%. A 50% allocation is the most common allocation,based on available information. More locally, the Cities of Guelph and Brantford do not have independent destination marketing organizations, and until these are established, they cannot introduce a MAT. The City of Stratford has had a voluntary DMF in place for a number of years, although the largest hotels (Arden Park and The Bruce) do not participate. The Stratford DMF generates $80,000 per year. A 4% MAT in Waterloo Region will assist in further development of tourism potential, assist in maintaining and developing tourism oriented assets and events (including event hosting support) and complement respective municipal economic development strategies. ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The the delivery of core service. FINANCIAL IMPLICATIONS: It is estimated that a 4% Municipal Accommodation Tax will generate $938,000 annually in the City of Kitchenerbased upon the affected hotel properties. It is proposed that the City will retain 40% ($375,200), 10% will be remitted to the Region ($93,800), and 50% ($469,000) will be provided to WRTMC for tourism promotion, includingfundingthe newly proposedsport hosting office. The City will retain the first year revenues in the newly created MAT Reserve Fund given the uncertainty of the estimates and potential for annual changes in the amount allocated. Beginning in 2020, funds are proposed to be used to support and enhance tourism, sport, and cultural 3 - 10 offerings, as well as major event attraction efforts in avariety of ways. Appendix B outlines more information on the specific proposed uses. COMMUNITY ENGAGEMENT: INFORM council / committee meeting. ACKNOWLEDGED BY: Dan Chapman, CAO Appendix A Business Case for a Municipal Accommodation Tax Appendix B Potential Uses for KitchenerShare of MAT Revenue 3 - 11 APPENDIX A Business Case for a Municipal Accommodation Tax February 25, 2019 Minto Schneider CEO Waterloo Regional Tourism Marketing Corporation Waterloo, Ontario Dear Minto, GainingEdge is pleased to submit this letter outlining our rationale for WRTMC to increase its revenues through the introduction of the MAT. Having advised more than 120 DMOs in 37 countries over the past ten years, we have developed a clear understanding that marketing a destination in a dynamic environment requires significant financial resources. It is our view that the MAT will enable Waterloo Region to realize its potential from the tourism and business events sector by implementing a funding source that is substantive, dedicated and dependable. Background The visitor economy is a significant contributor to the quality of life and job opportunities in the region. According to the Ontario Ministry of Tourism, Culture and Sport, the region attracted 4.8 million visitors in 2016, including 1.2 million overnight visitors, deliver $357 million in spending to local restaurants, retail, accommodation, transporation, and experiences such as arts and culture, recreation and entertainment. The region is growing and changing, driven by renewal and development initiatives. It is imperative that visitor markets are properly served to maximize the benefits of this transformation. The region can improve its position with visitors, operators and event planners who are willing to stay longer and spend more by better leveraging its brand and improving amenities, infrastructure and partnerships. In October 2018, GainingEdge submitted the 5ĻƭƷźƓğƷźƚƓ tƌğƓ ŅƚƩ ƷŷĻ ‘ğƷĻƩƌƚƚ wĻŭźƚƓ to WRTMC on behalf of its stakeholders. The plan was the cumulation of an extensive effort that included input from more than 250 private- and public-sector participants from the region. This collaborative effort will assist industry, government 3 - 12 and other related sectors to support and implement a long-term destination vision and key strategic initiatives. A key conclusion of the Destination Plan states: Increased funding for Explore Waterloo Region \[WRTMC\] is necessary to take a lead role in coordinating the next phase of the Destination Plan. Because this is a road map with ideas that transcend the tourism organizations, and the various municipalities in Waterloo Region. The effective engagement and alignment of all stakeholders is the key element to a successful destination plan that will benefit residents, businesses and visitors for years to come. Carrying out the destination plan will take considerable effort from the industry and stakeholders. While the destination has strengths and assets to forge a new direction, structural and funding issues need to be addressed to move forward with success. Funding of Destination Marketing Organizations (DMOs) The ability to attract tourism and business events require a well-funded effort through DMOs that bring their destinations together in a consolidated manner, providing the marketplace with a unified solution to assist their needs. This hyper-competitive DMO environment is intermixed with a significantly new world for DMOs. They are having to adapt to disruptive marketplaces driven by rapidly changing visitor and event planner expectations and extensive technology impacts. Destinations around the world are investing significant resources to generate the social and economic benefits from this industry sector. In North America, the main source of funding for DMOs are hotel taxes, comprising 70% of the budgets of these organizations. Chart: Funding Source as Proportion of Budget (from Destinations International, 2017) In a recent survey conducted by Destinations International, it was determined that a total of 41 out of 196 DMOs have budgets of US$10 million or more, with 35 in the US$5-$10 million range, 49 within US$2-$5 million, 35 within US$1-$2 million, and the remaining 36 below US$1 million. Up until this year, WRMTC fell within the last category. 3 - 13 Chart: Budget of 196 DMOs (from Destinations International, 2017) WRTMC Budget Comparison The ğǝĻƩğŭĻ budget of the 196 DMOs surveyed is more than US$6.5 million. Closer to home, the following cities, which often compete with Waterloo Region, are all better funded: City of Hamilton, Tourism & Culture CDN $8.9 million Tourism London CDN $4.0 million Tourism Windsor Essex County CDN $2.1 million (expected to be higher with MAT) Tourism Kingston CDN $1.2 million And although the $250,000 increase to WRTMC for sport hosting development is welcome, the $1.05 million (CDN) budget for 2019 means that the region still lags the others. WRTMC can be a leader, if not the leader, amongst them. Waterloo Region product is attractive, the stakeholder collaboration is strong, and the expertise is in place. The missing piece, though, is resources. Without addressing the budget shortcomings, the bureau will not be able to set the pace. Despite the small budget, WRTMC delivers strong returns relative to its investment. The efforts of the organization: Help businesses grow and prosper Attract visitors, conventions and events to the region Generate jobs and tax revenue Connect with the community on the benefits of tourism With incremental funding, WRTMC and its partners will be even more proficient in identifying, pursuing and securing new commitments from convention, travel trade, sports and niche segment groups, while helping to manage a sustainable industry on behalf of the community. Benefits of Municipal Accommodation Tax (MAT) for WRTMC A key advantage of accommodation taxes to fund DMOs is that they are directly tied to the visitor industry and generate significant amounts of revenue. Room taxes and levies are common in North America as the chart 3 - 14 above illustrates. They shift the financial burden of funding DMOs from local taxpayers to visitors. The MAT is highly desirable for WRTMC for the following reasons. Substantive: generates the necessary funds for WRTMC and the municipalities of the Region of Waterloo to compete Total estimated revenue from a 4% MAT is more than $3 million Dedicated: funds collected are to be used to support destination marketing and management Enables delivery of the strategic initiatives agreed by stakeholders in the 5ĻƭƷźƓğƷźƚƓ tƌğƓ ŅƚƩ ƷŷĻ ‘ğƷĻƩƌƚƚ wĻŭźƚƓ Dependable: funding mechanism in place for the long-term due to government legislation WRMTC makes commitments on behalf of the community for meetings and sport events that are often years away from coming to the region Another advantage of the MAT is that it effectively ties WRTMC to the ebbs and flows of industry. Revenues will increase or decrease based on how the industry is performing. Therefore, WRTMC must act as a business and be commercially focused. With its entrepreneurial industry board, we are confident WRTMC will innovate and respond to opportunities as they arise. 5ĻƭƷźƓğƷźƚƓ tƌğƓ ŅƚƩ ƷŷĻ ‘ğƷĻƩƌƚƚ wĻŭźƚƓ. The intent is to attract higher spending segments such as key meeting and corporate clients, sports groups, and targeted leisure segments. 20162028Variance # of Visitors4.8 million6.5 million+1.7 million (+35%) Visitor Spending $357 million$585million+$228 million (+65%) Table: 2028 Targets for Visitors and Visitor Spending Budget Implications of the MAT The implementation of the MAT would enable WRTMC to be more competitive through enhanced marketing and communications programs, increased sales activities and stronger organizational capacity. The MAT will enable WRTMC to offer bid support to event organizers, a key business development tool that has been lacking to date. It will also help facilitate investment in product development, which is a critical part of the recommendations in the 5ĻƭƷźƓğƷźƚƓ tƌğƓ ŅƚƩ ƷŷĻ ‘ğƷĻƩƌƚƚ wĻŭźƚƓ. 3 - 15 Current Enhanced Budget Budget Revenue $ 1,047,600 $ 2,512,600 Municipal - Core Funding 600,000 600,000 Municipal - Sport Support 150,000 - Provincial (RTO4) 100,000 100,000 MAT - 1,615,000 Private Sources 197,600 197,600 Expenditure $ 1,047,600 $ 2,512,600 Marketing, Communications & Research 480,825 1,014,000 Sales & Bid Support 83,940 550,000 Product Development - 125,000 Personnel 417,407 659,400 Administration 65,428 164,200 Net Income $ - $ - Table: Forecasted Budget with MAT Final Comments Simply put, WRTMC is inadequately funded and has been since its inception in 2007. The organization is under- resourced to compete in the regional, national and international marketplace. If the Region of Waterloo is sincerely committed to enhancing its position as a tourism and business events destination, they must set their aspirations to be much higher than the existing situation. As witnessed in hundreds of destinations across North America, the introduction of an accommodation tax, such as the MAT, to fund WRTMC will have a significantly positive impact. With substantive, dedicated and dependable funds, WRTMC can leverage incremental resources to make strategic investments that will benefit the Region of Waterloo well into the future. Please do not hesitate to ask if we can be of further assistance. Yours sincerely, Paul Vallee Executive Consultant, GainingEdge Cc: Gary Grimmer, CEO, GainingEdge 3 - 16 APPENDIX B Potential Uses for KitchenerShare of MAT Revenue The following list of potential uses is outlined for discussion. Staff is proposing to create a MAT reserve fund with applicable terms andguidelines for Council approval. Market Research (Facility Research -Convention, Theatre, Stadium, Arena, Pool). Tourism Sport & Cultural Permanent Infrastructure, e.g., acquisition or improvement of tourism related facilities and public spaces. Sport/Festival/Event Infrastructure permanent or one time infrastructure like washrooms, seating, staging, fencing, Wi-Fi, etc. Major Festival and Events Expansion & Development including building a reserve for targeting and attracting major festivals and events. Bid Funding for International, National and Provincial Event Hosting (Arts & Cultural, Conferences and Sporting). Grant Funding for International, National and Provincial Event Hosting (Arts & Cultural, Conferences and Sporting) to assist with transportation, road closures, etc. One-Time Festival, Convention or Sporting Acquisition Costs, e.g., Hometown Hockey Sponsorship, Maple Leaf Training Camp. Collaborative Tourism Marketing Efforts (over and above WRTMC).Facilitative role e.g., collaborative outbound marketing by all Arts organizations, destination marketing campaign by all local micro-breweries. Additional staff resources if needed to support the above bidding, hosting and or marketing. 3 - 17