ZSE-listed hospitality service provider, Rainbow Tourism Group’s (RGT) revenue grew 309% to ZW$21.4 billion, up from ZW$5.2 billion in the comparative period prior year as hotel room occupancy more th

Diversified retail outfit, Meikles Limited Zimbabwe has expanded its property portfolio in the full year to 28 February 2023 after the completion of various projects. Meikles Limited, which is into re

Rainbow Tourism Group Limited, a prominent player in the hospitality sector listed on the Zimbabwe Stock Exchange has released its fourth cautionary statement regarding the ongoing negotiations for th

The leisure segment played a significant role in driving revenue growth, with hotels in popular tourist destinations contributing to the higher ADR. As a result, the group's revenue per available room

Zimbabwe’s largest hotel group, African Sun Limited (ASUN) is disposing two of its hotels: the Great Zimbabwe Hotel, located in Masvingo, and the Beitbridge Express Hotel, situated in Beitbridge accor

African Sun, Zimbabwe's largest hotel group, is gearing up for a significant disposal of assets following the recent sale of two underperforming hotels for $6.9 million. This strategic move aims to op

Rainbow Tourism Group (RTG), the second-largest hotel group after African Sun, has achieved a remarkable occupancy rate of over 50% in the six months ended 30 June 2024.  This marks a historic milest

The Rainbow Tourism Group's financial performance indicates a strong recovery in the hospitality industry. Key profitability measures demonstrate the company's ability to generate revenue and manage c

Largest hotelier group, African Sun Limited's (ASUN), real estate market performed well during the first half of 2024 (1HY), with its contribution increasing from 2% to 6% and generating an additional

The iconic Monomotapa Hotel has officially been placed on the market, as announced by its parent company, African Sun. This development was disclosed through a circular posted on the Victoria Falls St

African Sun, the largest hotel group in the region, reported occupancy rates exceeding 50% reaching 55%, a 7-percentage point increase from the same period last year. This achievement played a crucia

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe, has entered into a definitive agreement to acquire Nyanga's Montclair Hotel and Casino for US$5 million. The acquis

Meikles Limited showcased a notable recovery in its third quarter ended 30 November 2024, reversing the underperformance seen in the first half of FY2025. This turnaround was driven primarily by impr

Rainbow Tourism Group Limited (RTG) has declared  total dividend of US$2.5 million for the year ended 31 December 2024, an increase from the US$1.5 million declared in 2023, following a stellar perfor

African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by

African Sun Limited, Zimbabwe’s largest hotelier group by room and market share has placed the Caribbea Bay Resort on the market as part of a strategic effort to modernise its portfolio and enhance op

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe has seen a 15% uptick in revenue during the first half of 2025, entering the second half on higher-note. The increas

First Capital Bank Limited has received exchange control approval for the US$30 million disposal of Makasa Sun (Private) Limited (Formerly The Kingdom Hotel) and is now awaiting the remaining regulato