Search results for 'hotel occupancy'
Companies
Rainbow Tourism Group's Financial Performance Analysis

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

Oct 02, 2024
Companies
African Sun Occupancy Rate Exceeds 50%, Revenue Edges 50 Million

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

Nov 18, 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
Companies
African Sun’s Caribbea Bay Resort Put on Sale

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

May 29, 2025

Top Stories

BAT’s Profit Surge Against Revenue Decline: A 582% Earnings Jump With Nothing to Do With Selling Cigarettes

BAT Zimbabwe has posted one of the most spectacular profit numbers in Zimbabwe's FY2025 earnings season, and probably, one of the most misleading according to its FY2025 financial results. The group

6 hours ago

Dairibord's Tax Bill Swallows 66% Profit Surge as ZIMRA's Reach Extends Into Boardrooms

Dairibord Zimbabwe Limited, the country’s largest milk processor and various mik products producer has recorded a 66% rise in profit before tax to US$5.34 million for the year ended 31 December 2025,

8 hours ago

The Turnaround That Isn't: ZECO's Profit Rests on Income Auditors Flagged Misstated

ZECO Holdings Limited's FY2025 financial statements has presented a company in transition,  from loss to profit, from contraction to modest revenue growth, from strategic uncertainty to a new directio

Apr 02, 2026

Revenue Up 75%, Cash Down 99%: Unifreight's FY2025 Results and Working Capital Crisis

Unifreight Africa Limited, the Zimbabwe Stock Exchange-listed road transport and logistics group formerly known as Pioneer Corporation Africa which operates a fleet-intensive road transport business

Apr 02, 2026

Wheat Triples, Maize Doubles: Cereal Imports Bill Surges as Food Dependency Deepens

Zimbabwe's cereal imports rose sharply in February 2026, according to the latest data from ZimStat. Maize imports surged 48.3% to US$44.93 million from US$30.28 million in January, while wheat imports

Apr 01, 2026

February Trade Snapshot: 5 Straight Surpluses, Imports Triple, 80% of Earnings Flow to Two Countries at War

Zimbabwe's merchandise trade recorded a surplus of US$46.5 million in February 2026, according to the latest trade data, marking the fifth straight surplus, the best performance in Zimbabwe’s trade.

Apr 01, 2026

Import Surge Compresses Trade Surplus, Exposing Demand Recovery Pressures

The latest trade movements signal an economy that is gaining momentum on the demand side while remaining structurally dependent on external supply. The key variable now shifts to whether Zimbabwe can

Mar 31, 2026

Zimbabwe’s Pension Growth Story Masks a State Default Crisis

Every month, an employer in Zimbabwe's formal sector is legally required to deduct a pension contribution from each employee's salary and remit both that deduction and the employer's matching portion

Mar 31, 2026