RTG revenue up 29%, hits US$26,8 million inside just six months

RAINBOW Tourism Group (RTG) delivered its strongest first-half performance in recent history during the six months ended June 30,2026, recording broad-based growth across its hotel, conferencing, food and beverage, outside catering and tourism operations. During the reporting period, revenue increased by 29% to US$26.8 million, compared to US$20.8 million in the corresponding period in 2025. Earnings before interest, tax, depreciation and amortisation more than doubled, rising by 125% from US$2.4 million to US$5.4 million.

The EBITDA margin consequently expanded from 11% to 20%, demonstrating that the Group converted a greater proportion of its revenue growth into operating earnings. “Profit before tax increased fourfold to US$3.5 million, while the Group’s gross profit margin improved from 68% to 75%. The performance represents a significant step-change in RTG’s earnings trajectory and reflects the combined impact of stronger demand, improved revenue quality, effective yielding and disciplined cost management,” the RTG report said.

Room occupancy increased to 55%, while revenue per available room rose by 33% to US$65. The improvement in Revenue Per Available Room (RevPAR) was driven not only by higher room volumes but also by more effective revenue management across the Group’s portfolio. RTG focused on improving the quality of its revenue by directing demand towards higher-specification and better-yielding accommodation categories, including suites, king rooms and other premium room types.

The strategy enabled the Group to achieve stronger average daily rates while continuing to protect occupancy. “Foreign currency revenue grew by 18% to US$11.6 million, supported by the continued recovery of international tourism, regional conferencing, non-governmental organisation activity and increased demand for Victoria Falls. “RTG’s Victoria Falls properties recorded a particularly strong recovery, with occupancy increasing from 54% to 65%.

This was achieved despite temporary room disruptions arising from refurbishment work at A’Zambezi River Lodge, demonstrating the underlying strength of demand for the destination and the effectiveness of the Group’s commercial strategy,” the hospitality group said. In the first half , conferencing business increased by approximately 22%, supported by government, corporate and regional meetings, conferences, events and banqueting…