Minister of Tourism, Culture and the Arts, Randall Mitchell is encouraging small hotels to constantly upgrade in order to improve their tourism product.
He said this will allow T&T to broaden its global reach and improve the quality of room stock and other services provided in the tourism sector.
He made the call yesterday as six businesses signed ceremonial contracts with Tourism Trinidad Limited (TTL) to receive reimbursements for upgrade works done to their buildings.
The initiative is part of the ministry’s Trinidad and Tobago Tourism Accommodation Upgrade Project (TAUP), which provides compensation for small hotel organisations to renovate and enhance facilities.
Speaking during the ceremony a tthe Brix Autograph Collection in Port-of-Spain, Mitchell said, “We understand the value of tourism, but in particular, the value of the accommodation segment of tourism to the economy of Trinidad and Tobago. TAUP is a very helpful programme catering to small properties, one to six-room properties, within Trinidad and Tobago, and six-room to 150-room properties, where the hotel owners, and hotel investors, are allowed and encouraged to go ahead and upgrade their properties to an international standard, to ensure that guests to Trinidad and Tobago, guests to our accommodation properties, guests to our tourism sector, enjoy a very high quality stay, a high-quality tourism experience.”
He called on small hotel owners to develop and improve their properties in order to access up to 40% reimbursement, up to a limit of $150,000, and medium to large properties up to 50% of their investment, up to a limit of $1.5 million.
He said the ministry has spent around $26 million to facilitate works and reimbursements in Trinidad over the past few years, and in $9.3 million was invested in improving room stock in Tobago, with $4.5 million being reimbursed by the Tobago House of Assembly.
He said this is a great opportunity for the financial stability of the country and invited businesses to join the initiative.
“We are also concerned with the creation of jobs and the stimulation of our economy. We need to get the economy stimulated and we need to get the economy going again, so it is extremely important to ensure that all the tourism stakeholders across Trinidad and Tobago know that we have these programmes available, and know that the Government is interested in partnering and in incentivising and also investing in your own hotel stock because we are interested in stimulating the overall economy,” Mitchell added.
Cara Hotels general manager Hassle Thom thanked TLL for their support during difficult times but also urged them to include more small and medium businesses in the project.
“Coming out of COVID, it was even more significant in giving us the opportunity to upgrade some room stocks that we have not been able to do for quite a long time, knowing for the last two and a half years that the industry had suffered tremendously. It is pleasing that the Government, through the Ministry of Tourism and directed through the TTL, continue to see the need for this programme. So, I am going to challenge TTL to get more stakeholders in because for more smaller and medium enterprises, or for smaller hotels to benefit, we all need the support of the banking sector. I ask only for the importance of the continued investment, the consistent investment into the industry, so that those persons who I see around the room who have continued to invest in tourism because the reach goes so far, the multiply effect is so much that we miss it if we don’t open our eyes,” Thom said.
Along with Cara Hotels, the other recipients included:
Holiday Inn Express and Suites, Trincity
Par-May-La’s Inn
Royal Hotel
Sundeck Suites
Tradewinds Hotel