Cresta fears market nearing saturation

Friday, April 07, 2017

Cresta ha hotels across Botswana and one in Zambia PIC: BONGOTLO SEITSHIRO

Leading hospitality concern, Cresta Marakanelo fears the market for lodges and hotels is nearing saturation particularly in the main urban centres of the country.

Although Cresta is still turning satisfactory profit margins, the Botswana Stock Exchange listed company says the operating environment in Botswana is increasingly becoming challenging and retaining customers will be key going forward.

“The challenges in the Botswana market continue to increase.

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Cresta fears market nearing saturation

Leading hospitality concern, Cresta Marakanelo fears the market for lodges and hotels is nearing saturation particularly in the main urban centres of the country.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

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Civil Society fights 'flawed' constitutional amendment

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IEC rejects 2,513 registrations

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Inspect the voters' roll!