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

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

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

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

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

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe, has invested 1 million in the first quarter of 2025 for hotel refurbishments according to its latest trading update.

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

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

Rainbow Tourism Group Limited, has reported revenue of US$50.3 million for the year ended 31 December 2025, a 13% increase from US$44.4 million in 2024. This comes after the group navigated persistent

FBC Holdings, one of Zimbabwe's largest diversified financial services groups with operations spanning commercial banking, building society activities, insurance, and microfinance, has disclosed at an

Rainbow Tourism Group Limited (RTG), Zimbabwe’s second-largest hotelier, has recorded a 32% increase in revenue to US$11.41 million for the first quarter ended 31 March 2026, from US$8.65 million in t

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