KZN's Fairmont Zimbali Hotel enters into business rescue

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

France Nouvelles Nouvelles

IFA 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”.

The Fairmont Zimbali Hotel says the prolonged lockdown, 'the longest in the world to date with limited support from government', had eroded its revenue base.The owners of the luxurious Fairmont Zimbali Hotel announced on Thursday that they have entered into business rescue.

“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 general manager Wayne Krambeck.he Fairmont Zimbali Hotel, in particular, faced an “unprecedented situation” after the lockdown and border closures, despite experiencing exponential growth with record turnover from November 2019 to March 2020.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 13. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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
La source: TimesLIVE - 🏆 28. / 59 Lire la suite »