ZIMBABWE ? IS PRICING ITSELF OUT OF BUSINESS
We get it. Being a traveller isn’t always cheap. But in Zimbabwe, excessive pricing across the economy has made the tourism industry uncompetitive and continues to threaten viability and growth of the sector.
zimbabwe’s local currency is crumbling what with the introduction of the RTGS. The recent spate of price hikes follows the continued devaluation of the local currency af ter the central bank removed exchange rate controls on the bond note. Hotel operators are charging in both RTGS and US dollars, at rates which are already excessively high when compared to South Africa, Botswana and Namibia, which threatens to reduce local and foreign visitors. “The hospitalit y (industr y) has not been spared from such instability. However, we are open to engage our operators and all relevant authorities to give a lasting solution
Zimbabwe’s local currency is crumbling what with the introduction of the RTGS. The recent spate of price hikes follows the continued devaluation of the local currency after the central bank removed exchange rate controls on the bond note.
to benefit Zimbabwe at large,” Hospitality Association of Zimbabwe (HAZ) President, Innocent Manyera told NewsDay.
“We also must appreciate that the hospitality industry must not be a preserve of those with a lot of money. We want it to be inclusive and include the ordinary people going to the trade fair,” Environment, Tourism and Hospitality Industry Minister, Priscah Mupfumira, said in a statement.
ZTA Chief Operating Officer, Givemore Chidzidzi said it was not just the hospitality industr y that had hiked charges, but the whole economy.
“It is not only the hospitality industry; it is the whole economy behaving in that manner so the tourism industry might not be spared the vagaries of the economy. We are engaging on what exactly is happening and on where they are coming from. So I don’t think right now we can give any fur ther comment,” he said.
Zimbabwe is targeting 2,8 million visitors and US$1,3 billion in tourism export receipts this year. In 2018, visitors into the country reached 2,5 million.