RTG boosts portfolio through strategic leasing

The group’s revenues increased by two percent to US$8,7 million, from US$8,5 million recorded in the first quarter of 2024 driven by an increase in conference volumes, particularly in city hotels, underscoring robust demand for meetings and events.

RAINBOW Tourism Group (RTG) bolstered its balance sheet during the year ended December 31, 2024 after its right-of-use assets increased more than 400 percent to US$968 765 from US$185 984 in 2023.Coupled with recently acquired equipment and developments on properties, the group’s total assets gained 19,6 percent to settle at US$64,515 million from US$53,954 million…

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