LATEST: RTG shuts down Beitbridge hotel

The Rainbow Tourism Group’s board of directors have resolved to scale down operations at the loss making Rainbow Beitbridge Hotel with effect from May 31.

It is understood that the 136 room hotel has been incurring loses over the last two years amounting to $2 million forcing the company to close shop in the border town.
Add captionLATEST: RTG shuts down Beitbridge hotel
“Market factors characterised by depressed occupancies, low margins as well as high operating costs were the major contributing factors for exiting Beitbridge.
“Operational costs at the hotel were no longer sustainable and since we opened in January 2014, the hotel has incurred losses amounting to more than $2 million,”said the Board of Directors.
Details to follow…

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