Chobe upbeat on 2nd half bookings

Hospitality and tourism company Chobe Holdings’ unaudited abridged half year results for the year ended 31 August 2022 has indicated that bookings for the remainder of the financial year remain robust with the subsequent financial year showing similar resilience.

However, the company has bemoaned that the residual supply chain constraints and the economic, political and health effects of the COVID- 19 pandemic continue to impact its operations.

“The effects of uncertainty in Europe have yet to be seen, but may be consequential if the conflict in the Ukraine escalates,” said Chobe Chief Executive Officer, John Gibson

He also warned that the strength of the United States Dollar relative to other currencies will dampen demand from some source markets.

“Although this is ameliorated by strong demand for travel generally and the support provided through the majority of the Group’s revenue being received in United States Dollars.”

Meanwhile the Group’s strong cash position provides an opportunity to take advantage of any expansion opportunities that may arise.