Rainbow Tourism Group Revenue Jumps To US$26.8 Million As EBITDA More Than Doubles
Rainbow Tourism Group Limited (RTG) has recorded its strongest first-half performance in recent years, driven by growth across its hospitality, conferencing, food and beverage, and tourism operations.
For the six months ended 30 June 2026, the group reported a 29% increase in revenue to US$26.8 million, up from US$20.8 million recorded during the same period last year.
The improved performance was supported by stronger demand, better revenue management and disciplined cost controls across the business.
Also Read: RTG Expands Solar Investment with 2MW Project at Rainbow Towers
Profitability Improves As Earnings Surge
RTG’s earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled during the period, rising by 125% from US$2.4 million to US$5.4 million.
The increase pushed the group’s EBITDA margin from 11% to 20%, showing improved efficiency in converting revenue growth into operating earnings.
Profit before tax also recorded significant growth, increasing fourfold to US$3.5 million, while the gross profit margin improved from 68% to 75%.
The company attributed the results to stronger trading conditions, improved pricing strategies and continued focus on managing costs.
Hotel Operations Drive Growth
RTG’s diversified business model continued to deliver results, with all operating units recording higher occupancy compared to the previous year.
Room occupancy increased to 55%, while revenue per available room (RevPAR) rose by 33% to US$65.
The growth in RevPAR was supported by increased room demand and improved revenue management strategies, with the group focusing on premium accommodation categories such as suites and king rooms to achieve stronger returns.
Victoria Falls Recovery Boosts Tourism Revenue
Foreign currency revenue grew by 18% to US$11.6 million, helped by increased international arrivals, regional business activity and rising demand for Victoria Falls.
RTG’s Victoria Falls properties recorded a major recovery, with occupancy improving from 54% to 65%.
The increase was achieved despite temporary room closures at A’Zambezi River Lodge due to refurbishment work, highlighting the continued strength of demand for the destination.
Conferencing Business Remains Key Growth Driver
The group’s conferencing operations continued to provide strong support, recording growth of about 22%.
The increase was driven by government, corporate and regional meetings, conferences, events and banqueting activities.
Rainbow Towers Hotel and Conference Centre remained a key contributor to the performance of RTG’s city hotels portfolio.
Revenue from city hotels increased by 29%, supported by stronger conferencing activity, improved food and beverage sales and increased use of event facilities.
Food And Beverage Business Expands
RTG’s food and beverage division recorded 33% growth during the period, benefiting from improved hotel trading and the expansion of RTG Mobile, the group’s outside catering platform.
RTG Mobile has allowed the company to extend its hospitality services beyond its hotels, providing catering solutions for corporate events, weddings, conferences and government functions.
The group also launched an event planner collaboration programme aimed at supporting smaller event businesses by providing access to catering, venues, accommodation and technical expertise.
Cost Management Supports Growth
Alongside revenue growth, RTG maintained a strong focus on controlling costs through procurement improvements, operational efficiencies and targeted cost-reduction measures.
The company’s RTG Agro “Garden-to-Plate” initiative continued to support operations by supplying hotels with vegetables, herbs and fresh produce.
The initiative helped reduce reliance on external suppliers, improve freshness and lower food production costs.
Heritage Expeditions Africa also recorded growth in tourism and transfer revenues, supported by improved pricing strategies and tighter cost management.
Positive Outlook For Second Half Of 2026
RTG enters the second half of the year with strong momentum, with management expecting continued growth from increased international arrivals, conferencing activity, completed refurbishments and the expanded Montclair Resort and Conference product.
The second half of the year traditionally contributes about 60% of the group’s annual revenue, providing further opportunities for growth.
The company said the latest results demonstrate that its strategy is delivering improvements across revenue, occupancy, margins and profitability while creating a foundation for future expansion.
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