Search results for 'Hotel'
South Africa
City Lodge Hotels Limited sees rebound in tourism as demand patterns normalise
The average room rate has also rebounded, with high single digit percentage increases against the equivalent 2019 rates. The May year to date average room rate for 2023 is 12% higher than the prior co
Jun 20, 2023
Companies
Capitalizing on Recovery: ASUN Sells Underperforming Hotels for $6.9 Million to TD Hotels & Leisure
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
Sep 04, 2024
Companies
RTG Surpasses 50% Occupancy, for the First Time Following Major Refurbishments
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
Oct 02, 2024
Companies
African Sun Limited's HY Results: Losses Widen, but Real Estate Shows Promise
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
Oct 08, 2024
Companies
BOARDROOM BETRAYAL: Moxon Accuses Meikles Directors of 'Deceitful' Power Play, Calls EGM to Remove Them
Meikles Limited's largest shareholder, John Moxon, has convened an Extraordinary General Meeting (EGM) to effect a strategic restructuring of the company's Board of Directors. The EGM is slated for De
Nov 26, 2024
Zimbabwe
Zimbabwe Welcomes Over 750,000 Tourists in H1 2024, Tourism Receipts Edge Half a Billion
Zimbabwe’s tourism sector has shown remarkable growth in the first half of 2024, with international tourist arrivals increasing by 27% to 751,483 from 592,567 compared to the same period in 2023 accor
Mar 13, 2025
Companies
African Sun’s Topline Slumps in Q1 as Occupancy Falls to 39%: A Comparison with RTG
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
May 21, 2025
Top Stories
Edgars Lines Up New Store Openings with Quality Affordable Clothes to Take on Informal Sector
Edgars Stores Zimbabwe Limited, a prominent fashion retailer established in 1946 by Sydney Press, has been a cornerstone of Zimbabwe’s retail landscape for over 77 years, catering primarily to middle
Jul 23, 2025Econet Enhances Connectivity in Underserved Communities, Sustains Dominance in Data, Voice Traffic in Q1
Econet has intensified its efforts to bridge the digital divide by deploying ten lightweight, cost-effective base transceiver stations (BTS) in underserved rural areas during the first quarter ended 3
Jul 22, 2025