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Home » RTG boosts portfolio through strategic leasing
Companies & Markets

RTG boosts portfolio through strategic leasing

written by Almot Maqolo, Staff Writer 0 comments
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.
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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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