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NEWS & CURRENT AFFAIRS

Topic : Rainbow Tourism Group Limited

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RTG spends US$880 000 on properties upgrade
The group allocated US$500 000 for the New Ambassador Hotel refurbishments and US$380 000 for its Victoria Falls properties, NewsDay Business understands.
By Blessed Ndlovu Feb. 6, 2025
RTG spends US$880 000 on properties upgrade

Rainbow reaches deal to buy Montclair Hotel for US$5 million
In its half year financial report for the period ended June 30, 2024, RTG revealed that its strategic focus will be on protecting and enhancing profit margins.
By Lee Musaidzi Nov. 26, 2024
Rainbow reaches deal to buy Montclair Hotel for US$5 million

RTG anticipates strong H2
The projected increase in revenue will build on the 116% increase in revenue the group had in the half year ended June 30, 2024 of US$18,03 million from the comparable period last year.
By Tatira Zwinoira Oct. 2, 2024
RTG anticipates strong H2

RTG ‘refashions’ Rainbow Hotel, HICC for Sadc meetings
This comes as the Sadc Industrialisation Week and 44th Ordinary Sadc Summit scheduled for July 28 to August 2, and August 17, respectively, will both be held in Harare.
By Tatira Zwinoira Jun. 26, 2024
RTG ‘refashions’ Rainbow Hotel, HICC for Sadc meetings

Forex revenue gains propels RTG to sixfold rise in profitability
An increase in RTG’s conferencing business during the second half of 2023 supported the business while travel demand remained robust.
By Blessed Ndlovu Apr. 29, 2024
Forex revenue gains propels RTG to sixfold rise in profitability

RTG partners Swiss-based hospitality group
 RTG said that the strategic partnership was basically growth-oriented and specifically for the creation of new value.
By Belinda Chiroodza Apr. 12, 2024
RTG partners Swiss-based hospitality group

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