Property Know

Edinburgh is renowned for its picturesque city, however if you look further than that there is much more to this enchanted City. Did you know that Edinburgh has been voted as 16th top City in the WORLD, to visit!

Tourism is a large income earner for Edinburgh and more importantly the City Council realise that. As we all know in business to stay ahead of the chasing pack, we have to continually improve the business – in this case the city. Edinburgh City Council are investing heavily into City Improvements. Edinburgh is going to have a transport infrastructure revamp!

So what does this have to do with Edinburgh and it’s Property Market?

Very simply from the fact that decent and accessible transport links to properties increase house value! The plans in the pipeline are to create an Airport Rail Link into Edinburgh, creation of a Tram Infrastructure, and more frequent flights to Edinburgh.

All of these transport plans are currently being planned out by the City Council and its associates! So keep your eyes open for more information, because at Rent A Home Edinburgh we certainly will be.

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Some Quick Facts About Business Tourism in Edinburgh:

1. Business tourism is worth an estimated £125 million to the local Edinburgh economy each year.

2. Tourism in Edinburgh generates £1.6 billon annually and sustains over 30,000 jobs.

3. Edinburgh is the most popular city in the UK in which to hold an international association meeting. Glasgow is in third place.

4. Edinburgh and Glasgow, between them, accounts for 95% of all international associations meetings in Scotland.

5. Edinburgh is currently sixteenth most popular destination in the world to hold an international association meeting according to figures released by the International Convention and Congress Association (ICCA).

6. The average overnight spend of a corporate delegate is £146 and an international association delegate, £210. (Source: “Estimating the Direct Benefits of Conferences to a local Area” research commissioned by VisitScotland, Welsh Northern Irleand Toruist Boards and VisitBritain in 2001).

7. If an additional 10% of the annual 800,000 business visitors to Edinburgh & Lothians were to extend their visit by just one day for leisure purposes, then an estimated additional £5 million would be earned for the local economy.

8. Investment in transport infrastuctiure including an airport rail link, the introduction of trams and increased direct flights to Edinburgh will continue to ensure Edinburgh’s continued appeal as a conference destination.

9. The opening of the Scottish Parliament and the increase in political meetings, the EICC expansion, further development of Centres of Excellence and investment in new venues and hotels will also provide additional opportunities for Edinburgh’s growth as a conference destination.

10. Edinburgh’s year round programme of world class festivals and events, together with the launch of the new Edinburgh brand will also assist in raising awareness of the city as a dynamic, cosmpolitan destination in which to host a conference, meeting or association event.

Source: http://www.conventionedinburgh.com/press/