Treasury has bailed out the Zimbabwe Tourism Authority (ZTA) with funds for the hosting of the country’s premier tourism exhibition, the Sanganai/Hlanganani Travel Expo in September this year.
The Sanganai/Hlanganani Travel Expo for 2017 which had initially been suspended by the ZTA due to lack of funding is now back after the organisation received funds from Treasury.
ZTA chief executive officer Mr Karikoga Kaseke told the ZBC News on Thursday (today) that the allocation of funds by Treasury this week will enable the organisation to pay all service providers owed for their services last year, as well as funding for the 2017 expo.
According to figures in the 2017 national budget statement, Zimbabwe’s tourism sector achieved a seven percent growth in receipts from US$827 million in 2015 to US$886 million last year with more of the receipts being driven by the accommodation and restaurant sub-sectors.
Tourism receipts have been on a growth path since 2009 with experts saying the sector could achieve more if the country was not using a much stronger currency, the US dollar, which has made local destinations more expensive.