San Francisco has approved an increase in the city's hotel room assessment that will generate millions annually for a fund to lower costs for convention bookings at Moscone Center.
The rate on other city rooms outside the core tourism area will increase from its current 0.75% to 1%. The vote seals a major victory for the city’s destination marketing organization, SF Travel, which handles Moscone Center bookings and is the funding’s main recipient. Mayor London Breed lauded the renewed TID in a press release Wednesday, saying it “will help us support bringing more people to San Francisco, which is essential for our Economic Recovery.”
The original TID is viewed favorably by hoteliers, but the prospect of an increase rather than simple renewal has had"I don't see how fixing the Moscone Center and putting money down there will help me in the Outer Richmond," said Marsha Madrigal, a short-term rental owner, during public comment. She added that her Airbnb is booked full for October and November.