RTG defies headwinds as revenues surge by 13%
LEADING hospitality concern, Rainbow Tourism Group (RTG), has defied economic headwinds on the back of aggressive operational strategies which have seen revenues surging by 13%. The hospitality industry is currently plagued by persistent market liquidity challenges and a reduction in NGO‑related business following the withdrawal of donor funding by key international partners. Presenting the group’s […] The post RTG defies headwinds as revenues surge by 13% appeared first on NewZimbabwe.com.
Black News 
LEADING hospitality concern, Rainbow Tourism Group (RTG), has defied economic headwinds on the back of aggressive operational strategies which have seen revenues surging by 13%.
The hospitality industry is currently plagued by persistent market liquidity challenges and a reduction in NGO‑related business following the withdrawal of donor funding by key international partners.
Presenting the group’s performance for the year ended December 31, 2025, RTG Board Chairman, Douglas Hoto, said the odds were defied.
“Revenue increased by 13% to USD50.3 million, supported by a significant 28% growth in foreign‑currency earnings. The Group’s financial position remains strong, evidenced by a 28% increase in total assets to USD82.7 million, up from US$ 64,5 million in the prior year,” said Hoto.
The strong performance was attributed to the strategic acquisition of assets, namely Montclair Hotel and Casino in Nyanga, MSK House in Cape Town, South Africa, and Batoka Safaris, a destination management entity based in Victoria Falls.
RTG contends that these carefully selected investments are aligned with the group’s long‑term expansion strategy and are expected to enhance future earnings capacity.
Foreign‑currency revenue strengthened significantly, increasing by 28% to USD24.1 million (2024: USD18.9 million), supported by continued growth in international tourist arrivals in Victoria Falls and an increase in regional conferences. The group’s financial position remains strong, evidenced by a 28% increase in total assets to USD82.7 million, up from USD64.5 million in the prior year.
Occupancy increased by 6% to 57% (2024: 54%), despite the temporary displacement of approximately 3,200 room nights in the first quarter of 2025 due to planned refurbishments across key properties. Average Daily Rate (ADR) strengthened to USD109 (2024: USD102), while rooms Revenue per Available Room (RevPAR) increased by 13% to USD62 (2024: USD54), reflecting improved demand across the portfolio.
“The Group remains optimistic about its performance for the 2026 financial year, supported by growth in the domestic market, increased business from the regional and international leisure markets. The international marketing and the digital platform, Gateway Stream will drive the growth,” added Hoto.
The post RTG defies headwinds as revenues surge by 13% appeared first on NewZimbabwe.com.
