PORT OF SPAIN, Trinidad and Tobago, November 21, 2018 (CMC) – The Trinidad and Tobago government said it had received more than TT$51 million in hotel room taxes, last year.
Officials here said that the hotel room tax is directly applied, at a rate of 10 percent, to the proceeds from letting out rooms at hotels, comprising six or more rooms.
They say that this tax is not applied to any other revenue that hotels generate from ancillary services.
Tourism Minister, Randall Mitchell, said these numbers signify that the accommodation sector generated TT$517,119,360 from room rentals in fiscal 2017, and that this is the fifth consecutive year that the sector has surpassed half a billion dollars in room rentals.
He said the current projected estimated revenues, due for hotel room taxes for fiscal 2018, is TT$52.5 million.
Mitchell said the tourism sector supports approximately 24,000 jobs directly, and 60,000 jobs in total, and that the Ministry of Tourism looks forward to collaborating with its stakeholders in the accommodation sector and their representative associations.