Published: 10 September 2013

ZSE-listed Rainbow Tourism Group yesterday scored a first in the hotel industry when it launched a new package, Stay now, pay later that allows individuals and organisations to book into the hotel group's hotels on credit.

The individuals and companies will then settle their bills over three months in three equal instalments.

The programme is the second product to be launched by RTG in as many months, as the hotel group consolidates its turnaround strategy that has already seen it achieving a profit during the half year to August 31, 2013.

The group launched the RTG Virtual platform, which presented small hotels in areas where RTG does not operate with a chance to partner the group so that they could share customers for an agreed commission.

Speaking at the launch in Harare yesterday, RTG Commercial director Mr Shupai Marware said they had realised that the 30 days grace period offered to corporates for the use of facilities was too short.

"Some corporate could neither plan nor manage their accommodation and conferencing or the traditional 50 percent down payment nor the 7 to 14 day credit terms offered by most hotels while individuals could not plan for holidays due to lean disposable income," he said.

He said the program would give customers a 90-day grace period to pay their accounts through their banks.
- herald

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