RTG banks on elections

THE Rainbow Tourism Group (RTG) is banking on next month’s general elections to boost its revenues further after posting a 16% increase in revenue to $11,1 million in the first five months of the year.

In a statement accompanying its trading update for the first five months of the year, the hospitality group chief executive officer Tendai Madziwanyika said the growth of revenue was spurred on by the recovery of revenues of its flagships properties the Rainbow Towers Hotel and Conference Centre.

The group said the growth trajectory would be maintained in the run up to the July 30 harmonised elections.

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