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The group allocated US$500 000 for the New Ambassador Hotel refurbishments and US$380 000 for its Victoria Falls properties, NewsDay Business understands.
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.
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.
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.