16.4 C
Harare
Saturday, September 26, 2020
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...
Occupancy volumes in the period stood at 47%Foreign revenues increased marginallyGroup’s hotels temporarily closed during 21-day lockdown Harare - Rainbow Tourism Group (RTG) recorded a 23% decline in occupancy volumes in the year ended 31 December 2019 (FY19) to 47% from 61% registered...
Tourism accounted for 8.1% of Africa’s GDP in 2018Ebola hit countries’ tourism were affected for at least 2-3 yearsGlobal tourism rebounded after 2 years in the aftermath of the Global recession Tourism is a key driver and contributor to the economic development of...