Socialize

Latest

January 13, 2016 - Lower Zambezi NP Carbon Neutral BioCarbon Partners (BCP), supported ... +++ January 7, 2016 - KAZA Visa Update for 2016 KAZA UNIVISA PROJECT JOINT COMMUNIQ ... +++ January 4, 2016 - Multi Day rafting for 2016 Wild Horizons Launches Multi-day Ra ... +++ December 28, 2015 - Vic Falls is Burning The Victoria Falls community has ra ... +++ December 28, 2015 - Gearing up for the Jameson Vic Falls Carnival THE resort town of Victoria Falls w ... +++ December 22, 2015 - New Maputo Bridge to boost tourism A new Maputo Bridge and Roads Proje ... +++ December 21, 2015 - Wild Horizons to manage Stanley & Livingstone Wild Horizons has been awarded the ... +++ December 18, 2015 - Angola to host World Environment Day Angola, which is seeking to conserv ... +++ December 18, 2015 - How Mozambique is Earning its Tourism Hype After emerging from a long Civil Wa ... +++ December 18, 2015 - New US Ambassador to Zimbabwe United States president Barack Obam ... +++ webdesign

ZTA seeks $ 30 milion from PTA | VictoriaFalls24

From : Newsday.co.zw
2 May 2012
From : Victoria Mtomba Business Reporter
The Zimbabwe Tourism Authority (ZTA) is seeking $30 million from the Preferential Trade Area Bank (PTA) to retool the country’s tourism players.

The funds to be disbursed through the Infrastructure Development Bank of Zimbabwe will be available next month.

Speaking on the sidelines of the tourism performance update during the first quarter on Monday, ZTA chief executive officer Karikoga Kaseke said the funds were not meant for new construction projects.

He said the major challenge facing tourism players was lack of funding, resulting in the decline of service delivery in the sector.

“We are sourcing $30 million from PTA Bank and we expect it to be available by the end of this quarter,” said Kaseke. “The funds will be for refurbishment, upgrading and retooling of the sector which has experienced problems in the past 11 years.”

The development comes as the country’s tourism marketing body has disclosed that 10 lodges and a five-star hotel in Bulawayo risked losing their ratings as a result of deteriorating standards and poor service delivery.

Kaseke said tourism players in Bulawayo were the most affected by the state of the economy as many companies had closed business.

Giving an update on the first quarter, he said the performance of the sector so far was better than the comparative period last year.

Kaseke could, however, not disclose figures on arrivals and hotel occupancies.

“The sector performed better than last year and we expect it to surpass last year’s performance as some hotels have received next year’s bookings,” he said.

The sector is projected to grow by 13,7% from 10,3% in 2011 with the average occupancy rate increasing to 60% this year.

According to the Medium-Term Plan, the tourism sector is set to increase hotel rooms to
15 000 by 2015 from 6 248, while hotel beds will increase to 18 000 from 12 000.

Posted by on May 3, 2012. Filed under Business,Tourism. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply