18.9 C
Harare
Friday, January 15, 2021
• Occupancies stood at 22%• Room nights sold decline by 52%• Group is reopening hotels, the last are expected to open in Q4 2020 Harare – Listed hospitality group, African Sun Limited had a turbulent first half (HY2020) owing to the challenging operating...
25% occupancy level from 43% SPLYRevenue declined by 51%The Board resolved not to declare a dividend due to the ongoing uncertainty Harare – The ongoing impact of the novel coronavirus (COVID-19) has led the Rainbow Tourism Group (RTG) to record a decline in...
Occupancies dropped to an average of 38%Posted a net loss of R486,6 million from a profit of R205,5 million in 2019Revenue dropped by 25% to R1,16 billion Harare - South Africa based hotel operator City Lodge Hotels Limited experienced a significant adverse impact...
SECZ licenses the new VFEXVFEX will operate as a  wholly-owned subsidiary of the Zimbabwe Stock Exchange (ZSE)Fungible ZSE stocks expected to list on VFEXVictoria Falls designated as a hub for tourism and financial services under the Special Economic Zones (SECZ) The new Victoria...
Turnover dropped by 5%operating profit dipped by 58%Loss stood at ZMW4.4 million Harare – Lusaka Stock Exchange listed hotel entity, Taj Pamodzi Hotel succumbed to the severity of the hostile economic environment as it posted a negative performance for the year ended 31...
Occupancies increased by 2%Export room nights sold reduced due to COVID-19 travel bansGovt and NGO programmes expected to boost domestic business Harare – Hospitality group, African Sun registered a marginal improvement in occupancy levels in the first quarter ended 31 March 2020 (Q1...
Group’s hotels and casinos temporarily closedMore room cancellations expectedBetter performance anticipated in the second half of the yearFY 19 occupancy levels down 23% Harare - African Sun projects a poor financial performance in the first half of 2020 (H1 20) due to the...
RTG recovers legacy debtsGroup successfully recovered US$900,000 owed by Savoy  in ZambiaRTG continues on a positive trajectory Listed hospitality concern, Rainbow Tourism Group (RTG), had struggled to recover legacy debts involving a local player and a regional one, amounting to nearly US$3 million...
Group’s occupancy dipped by 23%occupancy closed at 51% above the national averageforex receipts continued to provide a stable base for the company’s income ZSE listed hospitality concern, Rainbow Tourism Group reported a 62% growth in Revenue to an inflation-adjusted figure of ZW$455 million...
Africa’s digital economy to grow to over $300 bill by 2025RTG Virtual progresses on the digital frontthe e-commerce channel registered a growth in foreign revenueRTG to continue digital investment The digital economy in Africa is expected to grow to over $300 billion by...