Zimbabwe’s tourism industry is expected to reap rewards this year as the country continues to invest in its tourism establishments following the COVID-19 pandemic.
The expectations come on the back of a 24% increase in tourism receipts for the third quarter of 2023 (July-September), up to US$272 million from $219m in Q3 2022.
According to the Reserve Bank of Zimbabwe’s (RBZ) quarterly economic review for the quarter, tourist arrivals increased by 41.9% to 494 878, compared with 348 559 for the same period in 2022.
“The increase in tourist arrivals was attributed to the ongoing recovery in global tourism, improved transportation infrastructure, and marketing and promotion initiatives by players in the tourism industry,” said the RBZ.
Investments in the local tourism industry in 2023 came from both local and foreign investors, with $300 million channelled into restaurants, hotels, lodges, safaris and game parks, reported Zimbabwean state-owned daily newspaper The Herald.
“We have…
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