Government is committed to put in place measures to attract investments in the tourism sector.
The iconic Stanley and Livingstone Hotel which has been part of the country’s tourism industry underwent a major revamp following the injection of $5 million by More Group of Lodges and Hotels and the Aujan Investments Group in yet another sign of confidence in the country as a safe investment destination.
Tourism and Hospitality Industry Minister Cde Priscah Mupfumira saluted investors in the sector for showing confidence in the Zimbabwean market and pledged the second republic’s resolve to come up with incentives and policies to spur the growth of the industry.
“We will continue to work on evolving legislation and polices which will go a long way towards attracting further investment as well as travellers from abroad. Zimbabwe is open for business,” she said.
More Group Chief Executive Officer Robert More and Aujan Investments Group chairman Mr Abdulla Aujan highlights their long term interests in the Zimbabwean market.
“We are extremely confident of that this hotel is going to deliver on rate and occupancy expectations with the support of everyone here enabling us to further contribute to the local economy,” they said.
The upgrade which was completed in 11 months saw the revamping of 16 luxurious suites, restaurant and sprucing up of the landscape.
Since the reopening of the hotel, room occupancy has been averaging 50 percent with expectations that next year the figure will rise to around 65 percent.