Zimbabwean Tourism Market

1. Profit margins of top performing hotels on ZSE

1.1. estimated USD$397 million in year 2021, a 10% rise from USD$360 million in year 2020.

1.2. Rainbow Towers Group has a market capitalization of ZWL$ 19.5 billion

1.3. Meikles hotel made an estimated profit of USD$10 million in 2018

1.4. African Sun Limited made an estimated profit of USD$4,8 million in 2016

1.5. Cresta Hotels makes an estimated USD$10-50 million annually

2. Number of Rooms in Tourism Market

2.1. 457 rooms (approx.) In Bulawayo

2.2. 995 rooms (approx.) In Harare

2.3. 843 rooms (approx.) In Victoria Falls

2.4. 340 rooms (approx.) In Mutare

3. Major Hotel Chains

3.1. Afrrican Sun Hotels Zimbabwe

3.2. Cresta Hotels

3.3. Rainbow Towers Group

3.4. Regency Hotel Group

3.5. Meikles Hotel

4. Average number of staff per hotel

4.1. Cresta Hotels employs an average = 51-200 employees

4.2. Meikles Hotel employs = 51 - 200 employees

4.3. Rainbow Towers Hotel employs = 200 - 250 employees

4.4. African Sun Limited employs = 200 - 500 employees

5. Estimated of property value of top performing hotels

5.1. African Sun Limited = USD$1,47 billion (approx.)

5.2. Meikles Hotel = USD$20 million (approx.)

5.3. Rainbow Towers Hotel = USD$14 million hotels (approx.)

5.4. Cresta Hotels =USD$151 million (approx.)

6. Estimated Number of hotels In the Zimbabwean Tourism Market

6.1. 749 hotels (approx.) in Zimbabwe

6.2. 204 hotels (approx.) in Harare

6.3. 98 hotels (approx.) in Bulawayo

6.4. 97 hotels (approx.) in Victoria Falls

6.5. 29 hotels (approx.) in Mutare