Visitors boost tourism industry (From Gazette & Herald)

Visitors boost tourism industry

Visitors to Holiday Property Bond's luxury development at Bell End Farm, Rosedale Abbey, gave the local tourism industry an estimated £352,000 boost during 2005, according to new figures.

A straw poll of the spending habits of the HPB visitors revealed that they spent on average £175 per head per holiday on non-accommodation items, ranging from visiting tourist attractions and buying souvenirs to frequenting restaurants, pubs and general stores.

This sum means that the total spent locally by HPB visitors since Bell End Farm opened in 1995 amounts to approximately £3.85 million. Sheenagh Peirson, site manager of Bell End Farm, said: "Because we offer a high-quality, self-catering accommodation, most of our visitors spend on average £175 per visit on non-accommodation items, which in the main goes into the coffers of local businesses."

Holiday Property Bond is the largest product of its kind in Britain with some 34,000 investor families, a portfolio of more than 1,000 luxury properties in 28 locations, across 12 countries, and a net asset value of more than £170 million.

Holiday Property Bond (HPB) is a bond issued by HPB Assurance Ltd, which is authorised by the Isle of Man Government Insurance and Pensions Authority.

HPB is marketed in the UK by HPB Management Ltd, which is authorised and regulated by the Financial Services Authority. HPB invests in holiday properties and securities.

It is the largest product of its kind in Britain with some 35,000 investor families, a portfolio of more than 1,000 properties in over 25 locations across Europe and the UK.

It has a net asset value of more than £200 million, as at November 2005.

Updated: 09:34 Wednesday, January 25, 2006