COVID-19 has dramatically accelerated the need for retail districts to evolve. As digital retailing has grown, high streets need to change to continue to attract visitors.
For the International Centres the impact has been greater, with most international travel halted. High spending tourists from outside Europe are likely to be the last visitor segment to return. The long-term impact on behaviour change is yet to be seen. This is why it is vital that businesses, communities and local authorities work together to assess and respond to these structural changes and agree the best ways to ensure the future sustainability of their district.
A new BID will focus the voice and needs of local businesses to ensure that Knightsbridge and Brompton Road come out of COVID-19 different but stronger.