adminTinashe Nhari Business Reporter
REGENCY Hotels and Leisure group has recorded a 40 percent decline in occupancy over the past two years, due to prevailing liquidity challenges which has resulted in customers cutting expenditure on leisure. General manager, Mrs Nompilo Ndlovu told The Herald Business last week that business had been slowing and the company was significantly operating below capacity.
“The business is not so good,” she said. “The economy is not doing well. As such it affects our business.
“We are doing average figures which are really not promising or even acceptable given the branches we have but we are surviving although we could do better.”
Ms Ndlovu said the hotels were being refurbished to make them attractive to customers but “it is not moving as fast as they would want because of the economic issues.”
“They are refurbishing rooms, putting new tiling, new flat screen televisions and improving standards of cleanliness as she points out that customers these days are very health conscious especially in the hotel business.”
The hotel exhibited at the Sanganai World Tourism Expo which ended on Saturday.
Online Reporter