The government says it has agreed to expand and extend the Tourism Accommodation Upgrade Project incentive for a further three-year period from October 1, 2020 to September 30, 2023.
The Tourism Ministry says this move will provide a much needed boost to the overall quality of hotel room stock in Trinidad and Tobago.
The Tourism Accommodation Upgrade Project is an incentive which provides a reimbursable grant to eligible tourism accommodation properties in the country for upgrade work conducted to approved tourism accommodation facilities.
The project caters for two categories of accommodation facilities; properties offering 1-5 guestrooms and those offering 6-150 guest rooms.
Tourism Minister, Randall Mitchell, says the decision was taken following Government’s acceptance of recommendations from stakeholders at recently-held widespread consultations on the review of state tourism incentives.