Chobe revenues surge on higher bednight sales

Rebound: The tourism industry appears to have fully recovered from the 2015 slump
Rebound: The tourism industry appears to have fully recovered from the 2015 slump

Botswana Stock Exchange-listed Chobe Holdings Limited has reported a surge in both revenue and profit, as the tourism hospitality group got a boost from higher bednight sales.

The group, which owns and operates eleven eco-tourism lodges and camps on leased land in Botswana and Namibia, said its revenue for the half-year to August 31, 2017 was P176.4 million.

That was an 11% increase from P158.6 million in the corresponding period last year.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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