Regional focused hospitality group, African Sun says despite high finance cost incurred, it has recorded 32% growth in arrivals at its Zimbabwean resorts, a development which confirms the continued growth of the local tourism industry.
Statistics from the major hoteliers in the country indicate that that tourism sector has grown by 16% during the first quarter of 2011, with room occupancy in hotels now pegged at an average 50%.
African Sun Chief Executive Officer, Dr Shingi Munyeza, who hailed the improved operating environment and recovery of the sector, indicated that the hospitality group recorded 32% increase in arrivals at local resorts in a development which has raised optimism of the attainment of 15% contribution to GDP by the tourism sector this year.
Finance cost however remains a major challenge for players in the industry given the current environment characterised by high interest on short term loans.
It is against this background that players in the sector have called for the reinstatement of the Statutory Instruments 46 and 60 to allow hoteliers to embark on key investment projects.