PANDHARI Hotel has diversified into other businesses in a bid to boost revenue and keep the business afloat in the volatile economic environment prevailing in the country.
BUSINESS REPORTER
Managing director Sunday Chifamba said the current harsh economic environment called for innovation, hence his company’s decision to diversify into other businesses.
“The current economic environment does not bode well for the hotel business,” Chifamba said.
“We recently embarked on a horticultural project and we are running a poultry project where we have 20 000 birds.”
Chifamba said Pandhari had also diversified into electrical business.
“We now have an electrical company, Gallop, which has entered a long-term contract with Zesa. We hope this sister company will go a long way in boosting revenue for the company and help ease pressure on Pandhari Hotel,” he said.
He said most businesses were relying on multi-pronged approaches like diversification to survive in the dog-eat-dog Zimbabwe environment.
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“We are struggling in this hotel business. We have had our own fair share of challenges like paying salaries and other operational cost. However, some of our clients have worsened our situation after they failed to honour their debts,” he said.
Chifamba confirmed that Zifa owed Pandhari Hotel $168 000.
Pandhari Hotel was upgraded from being a lodge following a multi-million expansion programme.
The hotel has 71 accommodation rooms and hosts nine conference rooms with a total capacity to accommodate 1 000.
