Chobe Holdings move to mitigate downturn

The company has been hit by a downturn soon after releasing a fair set of financial results. "Whereas once lead times (time between booking and actual travelling) could be measured in years, we now face lead times of months and in some cases days," Gibson has said.

Chobe recently posted positive results for the financial year ended February 28, 2009 when revenue increased by 45 percent to P124.6 million as compared to P85.9 million recorded in the previous year.