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

Zimbabwe’s 2026 Tobacco Season Begins

Zimbabwe's 2026 tobacco marketing season is poised to commence tomorrow, Wednesday, March 4, with auction sales opening first on the floors, followed by contract sales kicking off on Thursday, March 5

6 hours ago

Nedbank Hits Historic 8 Million Client Milestone in 2025, Eyes 66% Stake in NCBA Group

Nedbank Group, one of South Africa's four major banks, has achieved a historic milestone by reaching 8 million clients for the first time in its nearly 140-year history according to the latest circula

7 hours ago

Monetary Policy Statement: Balancing Act Between Stability and Growth

The Reserve Bank of Zimbabwe (RBZ) unveiled its latest Monetary Policy Statement (MPS) in a climate of cautious optimism and deeply contested economic realities. Industry advocacy organisation Buy Zim

11 hours ago

End of an Era: Gwen Muteiwa Steps Down as Letshego Group CFO After a Defining Chapter in Pan-African Finance

In a brief but significant announcement released on Monday morning, Letshego Africa Holdings Limited confirmed that Ms. Tinotenda Gwendoline Muteiwa, widely known as Gwen, has resigned as the company’

23 hours ago

City Parking Fees Cut to US$0.50, Licensing Overhaul Takes Legal Effect

The Government has cut city parking fees to US$0.50 cents per hour from US$1 per hour as part of a sweeping overhaul of business licensing and municipal charges now formalised under Statutory Instrume

1 day ago

How US-Iran War Is Sending Oil Prices Soaring: What It Means for Zimbabwe

On the 28th of February 2026, the world changed. A massive wave of US and Israeli airstrikes tore across Iran in what President Donald Trump described as a bid to permanently destroy the country's nuc

1 day ago

Nestlé Begins SA Retrenchments Amid Global 16,000-Job Cut

Nestlé’s global , the world's largest food and beverage company’s restructuring programme has reached South Africa, with the group initiating retrenchment consultations affecting more than 400 employe

1 day ago

RBZ Unveils New ZiG Notes: A Fresh Chapter in a Promising Currency Story

The Reserve Bank of Zimbabwe (RBZ) has announced that redesigned Zimbabwe Gold (ZiG) banknotes in denominations of ZiG10, ZiG20, and ZiG50 will enter circulation on April 7, 2026, with the ZiG100 and

Feb 27, 2026