Search results for 'Hospitality Industry'
Companies
RTG Surpasses 50% Occupancy, for the First Time Following Major Refurbishments
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
Oct 02, 2024
Companies
African Sun Limited's HY Results: Losses Widen, but Real Estate Shows Promise
Largest hotelier group, African Sun Limited's (ASUN), real estate market performed well during the first half of 2024 (1HY), with its contribution increasing from 2% to 6% and generating an additional
Oct 08, 2024
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
Top Stories
ZRA Cuts Kariba Water Allocation 36%, Adds Pressure to Zimbabwe’s Electricity Shortfall
The Zambezi River Authority, which manages Kariba Dam on behalf of Zimbabwe and Zambia, has cut the combined water allocation for electricity generation in 2027 by 36.1% to 23 billion cubic metres, ac
5 hours agoHippo Sets US$7m–US$10m Annual Capex Baseline: Water, Power and Drip Irrigation Move to the Front of the Queue
Hippo Valley Estates expects to require between US$7 million and US$10 million in annual capital expenditure under normal operating conditions over the coming years, but pressure on its water conveyan
11 hours agoZimbabwe Opens Its Borders to Britain and Germany While Its Citizens Face Costlier Entry Abroad
Zimbabwe maintains comparatively accessible visitor-entry arrangements for British and German nationals, allowing travellers from both countries to obtain visas on arrival, while Zimbabwean passport h
12 hours ago
