Government provides upgrade assistance to hotel and guesthouse owners.
The Government announced an extension and expansion of the Trinidad and Tobago Tourism Accommodation Upgrade Project (TAUP). The period is for three years from October 1st, 2020 to September 30, 2023.
This tourism incentive was developed to assist Trinidad and Tobago’s tourism accommodation property owners/operators. This would upgrade their facilities to a first-class level. It is expected that they would meet and/or exceed the Trinidad and Tobago standard requirements for tourist accommodation. The resulting improvement in room stock quality is expected to enhance the overall competitiveness of the destination’s tourism product.
TAUP Hotel and Guesthouse Room Upgrade provides a reimbursement incentive. This is for the upgrade of Trinidad and Tobago’s small to medium sized tourism accommodation facilities. The project has evolved since 2014. Before, it provided an incentive for the upgrade of guestrooms only for properties with less than 100 rooms. Now, the incentive is for the upgrade of the interior or exterior of the property for accommodation facilities with 1 to 150 rooms.
Under the new TAUP Hotel and Guesthouse Room Upgrade program, eligible upgrade work has been specifically extended. It focuses on initiatives that enhance environmental sustainability and property attributes such as:
- Upgrade work aimed at promoting environmentally friendly practices, reducing the carbon footprint, and achieving sustainability
- Perimeter fencing/walls, drainage, and sewerage
Mrs. Heidi Alert, the Acting Chief Executive Officer of Tourism Trinidad Limited, further explained the evolution of the TAUP initiative. She noted, “Even while we prioritise the health and safety of the nation, it is important to prepare for the future. It is also a time for innovation and adapting to future demands of travellers. It is hoped that by providing these types of investment incentives, accommodation providers will be encouraged to improve the overall product and even repackage their services to make it more attractive in this COVID-19 era and beyond.”
The incentives under the TAUP Hotel and Guesthouse Room Upgrade are administered in two categories:
- Upgrade of Small Approved Tourism Properties in Trinidad and Tobago (Properties with 1-5 guestrooms): Eligible properties can receive a 40% reimbursement of expenditure per room up to a maximum reimbursement of $25,000.00 per room in Trinidad, with a maximum of $150,000.00 per property, for upgrade works to the interior or exterior of the property.
- Trinidad and Tobago Hotel and Guesthouse Room Stock Upgrade Program (Properties with 6-150 guestrooms): Eligible properties can receive a 50% reimbursement of expenditure per room up to a maximum reimbursement of $25,000.00 per room in Trinidad, with a maximum of $1,500,000.00 per property, for upgrade works to the interior or exterior of the property.
How to access TAUP?
This information is courtesy the Ministry of Tourism, Culture and the Arts’ website.
Interested owners of tourism accommodation properties in Trinidad are required to contact Tourism Trinidad Limited (TTL)
Level 18, Tower D, International Waterfront Centre, 1A Wrightson Road, Port of Spain, Trinidad and Tobago
Interested owners of tourism accommodation properties in Tobago are required to contact Tobago Tourism Agency Limited (TTAL)
Corner of Jerningham and Ross Street, Scarborough, Tobago
For more information, please contact the Investment Facilities & Monitoring Unit.
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