Rainbow Tourism Group is aggressively expanding to become Zimbabwe's largest tourism company. CEO Tendai Madziwanyika stated the group is in a deliberate growth phase, using selective debt alongside internal cash and partnerships. Recent acquisitions include the Montclair Hotel and Casino in Nyanga and a Cape Town property, marking their entry into the South African market.
The Montclair purchase aims to develop the Eastern Highlands as a major domestic conferencing and leisure alternative to Victoria Falls. Madziwanyika highlighted growing local tourism and easier access via direct flights to Mutare. The Cape Town property will undergo a two-year conversion into a hotel, targeting international visitors and business travel for diversified revenue.
RTG's expansion plan extends to 2028, focusing on vertical integration through its subsidiary Heritage Expeditions Africa. The recent acquisition of Batoka Safaris strengthens their adventure activity and transfer services, particularly in Victoria Falls. This strategy seeks to control more of the tourism value chain, curating complete guest experiences from accommodation to activities.
The Montclair purchase aims to develop the Eastern Highlands as a major domestic conferencing and leisure alternative to Victoria Falls. Madziwanyika highlighted growing local tourism and easier access via direct flights to Mutare. The Cape Town property will undergo a two-year conversion into a hotel, targeting international visitors and business travel for diversified revenue.
RTG's expansion plan extends to 2028, focusing on vertical integration through its subsidiary Heritage Expeditions Africa. The recent acquisition of Batoka Safaris strengthens their adventure activity and transfer services, particularly in Victoria Falls. This strategy seeks to control more of the tourism value chain, curating complete guest experiences from accommodation to activities.
