DHTA welcomes measures increased allocations in 2016/17 budget, to boost the local tourism industry
The Dominica Hotel & Tourism Association (DHTA) is commending the Government on the increased allocations for Tourism, as announced in the 2016/17 budget address, which describes the increase as a measure to boost the tourism sector.
Among the measures are, a $15-Million low-interest facility to target the upgrade or expansion of existing hotels, with a 3% rate of interest, and a 1-year grace period on interest and principal.
In conjunction with the low-interest facility, the Government also approved critical adjustments to the fiscal incentives regime, to support reinvestment in the upgrade or expansion of existing hotels. The overall destination marketing budget was increased to $8.5 Million.
DHTA President Gregor Nassief says this demonstrates Government's commitment to tourism.
Nassief said “These measures, in our view, demonstrates the Government’s commitment to tourism, as a key driver of the country’s economic development, and to the on-going need for extensive public-private sector engagement and partnership, in moving the country forward”.
The DHTA also notes the adjustment of the VAT registration threshold, which they say will directly benefit small businesses involved in tourism.
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