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

Meikles Limited, one of Zimbabwe's largest diversified conglomerates, has announced that it is seeking shareholder approval for the disposal of certain key assets at a future Extraordinary General Mee

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

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

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

The collapse of the proposed R7.3 billion acquisition of Peermont, a rival casino group, after regulatory delays, has also freed up capital. Bengtsson has signalled the group will reassess its capital

Hyatt Hotels Corporation will reopen the former Kingdom Hotel in Victoria Falls as Grand Hyatt Victoria Falls The Kingdom in late 2027 after signing a management agreement with an affiliate of Dubai b

Hospitality companies have traditionally expanded through a simple formula, acquire another property, build another hotel or borrow against the balance sheet to create additional room inventory. Howev

Rainbow Tourism Group will place every hotel in its portfolio on solar power by the end of FY2027 after the 300KVA installation at Kadoma Hotel and Conference Centre supplied about 30% of the property

African Sun is moving to dispose of its Holiday Inn operations in Harare, Bulawayo and Mutare to finance the acquisition of Meikles Hospitality's 50% interest in the Victoria Falls Hotel Partnership a

Finance Minister Mthuli Ncube has disclosed 6,995 additional hotel rooms at different stages of development in Harare, alongside investment opportunities within the 1,200-hectare Masuwe Special Econom

Revitus Property Opportunities REIT has reported US$5.28 million profit for the six months to June 2026, compared with US$187,297 in the same period last year. The headline increase is substantial, ye