Mash Holdings targets to increase exposure to medical sector

📅 Published: August 19, 2025

Curated by AllZimNews.com

African Sun is however forecasting a modest uplift in domestic and regional demand in the short term. “While COVID-19 challenges persist in key markets, it is encouraging to note that, South Africa which is our tourism hub opened international travel effective 1 October 2020. ”
Operationally, the group has now opened all of its hotels after the COVID-19 induced closures earlier this year.

On the domestic front, the move to allow intercity travel saw the number of room nights sold increase to 20 329 in Q3 from 8 144 in Q2 largely on the back of government and NGO business.

For the three months to September 30, 2020, occupancy decreased by 37 percentage points compared to the same period last year.

Inflation adjusted revenues for Q3 were down 78% at ZWL260. 88 million against last year.

While group performance for the quarter under review continued to suffer from COVID-19, key Group performance indicators in Q3 show a steady recoveryfrom Q2.

Occupancy improved from 5% in Q2 to 14% in Q3, largely driven by the relaxation of lockdown restrictions, together with a number of promotional initiatives by the group to improve demand.

However year to date, occupancy was down 28 percentage points, compared to the prior year.

Inflation adjusted revenue for the period decreased 62% at ZWL965. ivermectin paste dose for goats3 million against the comparable year ago period.

The decrease is attributed to the COVID-19 pandemic and the related reduction in global travel and tourism, which required the complete suspension of all hotel operations at some point during the nine months ended 30 September 2020. 🔗

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