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Rainbow tourism group Chief executive ...
Rainbow tourism group Chief executive Chipo Mutasa told the company's share holders in Harare on Thursday [...]
Mutasa, Minister of ...
Mutasa, Minister of Presidential Affairs and Zanu (PF) politburo Secretary for administration, told villagers that his party had already taken a position on what should be included or excluded in the new constitution [Via RadioVop] .
In fact, such is the gloom besetting the industry that leading hotelier and CEO of Rainbow Tourism Group
(RTG), Chipo Mutasa
, says the potential benefits of the World Cup were exaggerated.
The RTG counter ended the week retreating, losing 20 cents to close the week at 1.40, from 1.60 at the beginning of last week.
told shareholders at the 11th Annual General Meeting that business from the World Cup was far below that expected by the group and the tourism industry.
, however, said the business environment has significantly improved but her
group's performance in the resorts remains worrisome.
We note RTG CEO Chipo ...
We note RTG CEO Chipo Mutasa's remarks that the hospitality industry has not benefited at all from the World Cup.
We hope to make it bigger ...
We hope to make it bigger and more exciting next year," said the RTG chief executive officer, Chipo Mutasa.
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RTG chief executive officer Chipo Mutasa confirmed that 48 employees were axed last week in a company-initiated retrenchment exercise as Touch The Wild succumbed to the harsh economic environment at a time when tourist arrivals remained insignificant. "The prevailing downturn has not spared TTW operations.While the local market continues to support the division and major marketing initiatives have been put in place by the company, extending into the region, the TTW operations continue to be greatly compromised in terms of patronage. "It is for this reason that it has been found necessary to restructure the TTW operations through retrenchment," Mutasa said. Mutasa added that only TTW, which employs 102 workers, was laying off staff. RTG/Accor operates under four strategic business units - Rainbow Mercure Hotels, Sheraton Harare Towers, Touch the Wild and Safari and Tourism Services Zimbabwe. "The company will continue to closely monitor the developments at TTW.At the moment there are no plans for further job cuts, " Mutasa added.