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The Trinidad and Tobago Hotel and Guesthouse Room Stock Upgrade Incentive Project is a two-year project to facilitate the upgrade of the existing room stock of small and medium sized hotels and guesthouses. The objective of the Project is to provide an incentive for the upgrade of Trinidad and Tobago's Hotel and Guesthouse Room Stock to a first class level to meet and/or exceed the Trinidad and Tobago Standard Requirements for Tourist Accommodation (Part 1: Hotels and Guesthouses [TTS 22: Part 1:2006], Section 6 - Private Areas)
Coverage and Eligibility
The project will encompass hotel and guesthouse accommodation properties in Trinidad and Tobago. Establishments must meet the following criteria:
- 100 rooms or less
- Four (4) years and older
- Current in payment of Hotel Room Tax
- Town and Country Planning approved
- In possession of current BIR and VAT Clearance Certificates
- Certified/Registered under the Trinidad and Tobago Tourism Industry Certification Programme (TTTIC) or THA or if not, willing to sign a formal commitment to apply for certification/registration through the TDC/THA
- Not currently in receipt of grant funds for room upgrades from any other arm or agency of the Government of the Republic of Trinidad and Tobago
Benefits to Eligible Hotels and Guesthouses
Properties will be reimbursed twenty-five (25) per cent of the cost of upgrade works per room. There will be a dollar value ceiling applicable for a maximum reimbursement of TT$12,500 per room (Trinidad) and TT$ 15,000 per room (Tobago).
Download Application Forms:
Trinidad
Tobago
For further information, please contact:
Project Co-ordinator
Project Implementation Unit, Investment Promotion Department
Tourism Development Company Limited
675-7034 ext. 290 or mchowchung@tdc.co.tt
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Investment
