Iconic Fairmont Zimbali hotel now in business rescue

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Business News News

Iconic Fairmont Zimbali hotel now in business rescue 🔒

The Fairmont Zimbali Resort on KwaZulu-Natal’s north coast. Picture: SUPPLIED

This was despite it having enjoyed “exponential growth”, with record turnover from November 2019 to March 2020 when the pandemic hit SA, according to GM Wayne Krambeck. However, travel may be restricted to and from certain countries that are deemed to be high risk. A list of those countries will be published and based on the latest scientific data, the president said on Wednesday.

In preparation for the reopening of the borders, SA missions abroad will open for visa applications and all long-term visas will be reinstated.“The consequent stagnation in global economic activity together with the South African government-imposed national state of disaster has affected negatively on our business,” said Krambeck.

SA Tourism CEO Sisa Ntshona said the sector had devised a recovery plan and it was projecting that to return to 2019 activity levels would take up to two-and-a-half years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KZN's Fairmont Zimbali Hotel enters into business rescueThe owners of the luxurious Fairmont Zimbali Hotel announced on Thursday that the hotel has entered into business rescue
Source: TimesLIVE - 🏆 28. / 59 Read more »

KZN's Fairmont Zimbali Hotel enters into business rescueIFA Fair Zim Hotel & Resort Proprietary Ltd said the decision was prompted by the Covid-19 pandemic which “continues to disrupt local and global travel and tourism markets”.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Numsa digs in over Comair business rescue meetingThe union says the airline operator is ‘blackmailing’ members into signing a collective agreement ahead of vote
Source: BDliveSA - 🏆 12. / 63 Read more »