State Aid temporary Framework extended!

On 28 January 2021, the European Commission announced the following changes with regard to the State aid Temporary Framework:

• Prolongation of the State aid Temporary Framework  until 31 December 2021
• Increase of the aid ceilings up to €1.8 million per company active in the tourism sector (previously €800,000)
• Increase of the ceiling up to 10 million per company (previously 3 million), in case companies were especially hit by the coronavirus crisis, and have  turnover losses of at least 30% during the eligible period compared to the same period of 2019

We believe these changes are fundamental in helping the sector survive, keep jobs and saving companies.

HOTREC calls on the EU and national funding to be prolonged as long as it is needed. It will take time to reach the employment and turn-over levels of 2019 and the “new normal” presents constraints to the sector (e.g. travel restrictions; consumer trust).