{"id":50221,"date":"2021-11-22T18:42:35","date_gmt":"2021-11-22T16:42:35","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=50221"},"modified":"2021-11-22T17:45:46","modified_gmt":"2021-11-22T15:45:46","slug":"rainbow-tourism-group-optimistic-covid-19-wont-dampen-its-financial-performance","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rainbow-tourism-group-optimistic-covid-19-wont-dampen-its-financial-performance","title":{"rendered":"Rainbow Tourism Group Optimistic COVID-19 Won\u2019t Dampen It\u2019s Financial Performance"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Hotelier and tourism management company, Rainbow Tourism Group (RTG) is optimistic that the impact of the COVID-19 pandemic and lockdowns during the remaining part of the year will not have a negative impact on its financial performance for the fiscal year ending 31 December 2021.<\/p>\n<p>In a trading update for the third quarter ended 30 September 2021, the Group said with just one and half months left to year-end 2021, its performance is now predictable, and it can be forecast till the end of the year. The Group added:<\/p>\n<p>At present, the financial status of the Group remains healthy, and the impact of the COVID-19 has not created any issues from solvency or liquidity perspective.<\/p>\n<p>RTG\u2019s occupancies for the quarter recorded a marginal growth to 24%, as the level 4 lockdown restrictions in July and August affected the business operations during the period under review.<\/p>\n<p>The Group\u2019s Gateway Stream division\u2019s various channels experienced increased volumes during the quarter compared to all the other quarters during the year with its business volumes growing 55% above the comparative quarter in 2020. RTG said:<\/p>\n<p>Notable performance was recorded under the Gateway Stream rooms (hotel rooms not owned by RTG) which sold rooms equivalent of 30% of the total RTG hotel rooms sold during the third quarter of 2021.<\/p>\n<p>Other channels such as groceries, music and hardware have continued to record significantly increased volumes.<\/p>\n<p>The Group also noted that its Heritage Expeditions Africa\u2019s performance for the quarter was largely affected by the lockdowns.<\/p>\n<p>RTG resolved to continue to capacitate the business to take advantage of the increasing domestic tourism.<\/p>\n<p>More: Equity Axis News<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Hotelier and tourism management company, Rainbow Tourism Group (RTG) is optimistic that the impact of the COVID-19 pandemic and lockdowns during the remaining part of the year will not have a negative impact on its financial performance for the fiscal year ending 31 December 2021. In a trading update for the third [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":50220,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,7243,19],"class_list":{"0":"post-50221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-rainbow-tourism-group-rtg","14":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rainbow Tourism Group Optimistic COVID-19 Won\u2019t Dampen It\u2019s Financial Performance - zimbabwe<\/title>\n<meta name=\"description\" content=\"Hotelier and tourism management company, Rainbow Tourism Group (RTG) is optimistic that the impact of the COVID-19 pande ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rainbow-tourism-group-optimistic-covid-19-wont-dampen-its-financial-performance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rainbow Tourism Group Optimistic COVID-19 Won\u2019t Dampen It\u2019s Financial Performance\" \/>\n<meta property=\"og:description\" content=\"Hotelier and tourism management company, Rainbow Tourism Group (RTG) is optimistic that the impact of the COVID-19 pande ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rainbow-tourism-group-optimistic-covid-19-wont-dampen-its-financial-performance\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-22T16:42:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-22T15:45:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-619bbb13ae459.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"373\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rainbow-tourism-group-optimistic-covid-19-wont-dampen-its-financial-performance\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rainbow-tourism-group-optimistic-covid-19-wont-dampen-its-financial-performance\",\"name\":\"Rainbow Tourism Group Optimistic COVID-19 Won\u2019t Dampen It\u2019s Financial Performance - 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