Government support for the hotel business: new opportunities and initiatives

13.01.2025 93

In order to implement the objectives set in the Resolution of the President of the Republic of Uzbekistan PP-238 "On measures to further accelerate reforms and effectively organize the public administration system in the field of tourism" dated July 27, 2023, as well as to introduce a system of state financial support for business entities in the field of tourism, Resolution No.550 of the Cabinet of Ministers was approved on September 7, 2024.

According to the Resolution of the Cabinet of Ministers, investors are provided with subsidies for the construction and equipment of new hotels. These subsidies also include the possibility of partial financing of organizations based on franchise agreements. Investors will be able to cooperate with well-known world hotel brands, and royalty costs will be financed from the state budget.

In addition, the costs of issuing certificates of conformity for accommodation facilities that do not have a category (stars), as well as for facilities that have received three stars and above, will be covered by the Tourism Support Fund.

For hotels built and put into operation, if the number of rooms is 50 or more, a procedure for partial financing of their construction and equipment costs at the expense of the state budget has also been established.

These measures create new opportunities for investors and have a significant impact on the development of tourism in the country. State financial support, in turn, plays a key role in strengthening the tourism infrastructure and creating jobs.

The offer of clear financial conditions for entrepreneurs helps to increase the competitiveness of Uzbekistan in the global tourism market. At the same time, state support for the hotel industry facilitates guests' access to hotel services and contributes to the economic development of the country.

Source: Uzbektourism.uz

A comment

0

Leave a comment

In order to leave a comment, you must log in through social networks:


By logging in, you agree to the processing personal data

See also