RAINBOW Tourism Group (RTG) says it is constantly pursuing the expansion of its hotel portfolio, capitalising on its debt-free financial position. This comes as the hotelier allocated $2,6 billion (equivalent to US$1,7 million) towards capital expenditure during the half year ended June 30, 2023.
The group said its primary focus of capital expenditure investment was directed towards the enhancement of essential areas within all its hotels. “…this encompassed the completion of a comprehensive upgrade of the suites at Rainbow Towers Hotel and Conference Centre, including the prestigious presidential suite,” Douglas Hoto, RTG chairman, said in a statement accompanying the results for the six months ended June 30, 2023.