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

GB Holdings Reports 96% Profit Collapse Despite 43% Revenue Growth

GB Holdings Limited has reported a profit after tax of USD 38,950 for the financial year ended 31 December 2025, a 96% collapse from the USD 1,029,508 recorded in the comparable period, despite total

1 day ago

Datvest Consumer ETF Delivers 45% Gain as Delta, Innscor Dominate Basket

The Datvest Modified Consumer Staples Exchange Traded Fund has reported a 45% year-on-year growth in the fair value of equity investments for the year ended 31 December 2025, with net assets attributa

Apr 23, 2026

Beyond the Agreements: Why Plumtree Has Become the Credibility Test of the Zimbabwe–Botswana BNC

Zimbabwe and Botswana have concluded the Fifth Session of their Bi-National Commission in Harare on 22 April 2026, with President Emmerson Mnangagwa and Botswana President Advocate Duma Gideon Boko co

Apr 23, 2026

Decoding the VP’s Speech at ZITF: Tobacco Targets, Value Addition Ambitions and Investment Commitments

Zimbabwe intends to produce more than 400 million kilograms of tobacco in the 2025/2026 growing season, up from the record 352.7 million kilograms delivered to the auction floors in 2025 at a combined

Apr 23, 2026

Ariston Names Farai Madziva CEO as Turnaround Enters Final Phase

Ariston Holdings Limited has appointed Farai Madziva as Chief Executive Officer with full executive mandate, effective from the departure of his predecessor Leon Nortier, who ceased to serve in the ro

Apr 22, 2026

Zimbabwe Approves USD 92Mn PPP to Unlock 1,200 Hectares at Victoria Falls: The Largest Single Land-Backed Infrastructure Deal

Government has approved a Public Private Partnership for the development of bulk infrastructure on Lot 1 of Jafuta Estate within the Masuwe Special Economic Zone in Victoria Falls, committing a combin

Apr 22, 2026

Zimbabwe Projects Cereal Surplus of Up to 965,000 Metric Tonnes Through March 2027 as Soyabean Output More Than Doubles

Zimbabwe has projected a national cereal surplus of between 550,945 and 964,945 metric tonnes through to March 2027, with total cereal production for the 2025/2026 summer season estimated at 2.74 mill

Apr 22, 2026

Zimbabwe’s New Banking Reality: The Informal Sector Holds the Future

In February 2026, the Reserve Bank of Zimbabwe (RBZ) removed balance enquiry fees and capped transaction charges across the banking system, directing all banks and deposit-taking microfinance institu

Apr 22, 2026