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Tourism Sector Bullish Despite Forex Challenges

Zimbabwe’s leading hospitality giant, Rainbow Tourism Group Limited (RTG) has pinned its future on government’s re-engagement with the international community saying the new administration’s business-friendly policies will contribute to creating an enabling environment for their business.

According to the group chairperson Thabani Biyam, RTG remains optimistic despite the challenges encountered during the previous year which includes foreign currency shortage among others.

“Despite the challenges endured during the previous year within our local operating environment which include shortages in foreign currency and cash as well as the resultant distortions in prices, we are optimistic of a bright future.

“The acceptance by the international community of the new government with its efforts of re-engaging the international community and our optimism of business-friendly government policies all contribute to creating an enabling environment for our business,” he said.

He added that they have confidence in President Emmerson Mnangagwa’s Zimbabwe is Open for Business mantra particularly how it has improved levels of engagement and accountability.

“The level of engagement and accountability being initiated by government as demonstrated by the commencement of weekly post-cabinet updates to the nation are a welcome development.

“We are encouraged by the opportunities that are being presented by an economy that is opening up to the world.

“Tourism globally depends on a strong and positive nation brand that guarantees travelers their safety, security and unique experiences.

“The changes that have taken place culminating in a successful holding of the country’s elections have sent the right message to the world,” he added.

Meanwhile the group recorded an 18% growth in revenue for the half year ended 30 June 2018 posting $13.7 million from $11.6 million recorded in prior year.

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