{"id":8088,"date":"2022-06-04T15:11:40","date_gmt":"2022-06-04T15:11:40","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat"},"modified":"2022-06-04T17:17:24","modified_gmt":"2022-06-04T17:17:24","slug":"chobe-holdings-remains-upbeat","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat","title":{"rendered":"Chobe Holdings Remains Upbeat"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>New forward bookings have been extremely encouraging at ecotourism outfit Chobe Holdings Limited as evidenced by the value of Advanced Travel Receipts which have grown from P34 million to P53 million year-on-year, CEO and Group Deputy Chairman, Jonathan Gibson, has said.<\/b><\/p>\n<p>According to Gibson, with the grip of COVID-19 having eased considerably in the last few months, booking volumes in the New Year have returned to levels experienced in company\u2019s best years of the past.<\/p>\n<p>\u201cAnd in some instances, it even exceeds those levels,\u201d he said, in the Chobe\u2019s financial results for the year ended 28 February released recently.<\/p>\n<p>\u201cThere are many reasons for this, some of which include the fact that Botswana has lifted its state of emergency and alcohol ban. In addition, southern African countries have been removed from Britain\u2019s Red List, all of which has served to assure travellers of their safety and enjoyment rights.\u201d<\/p>\n<p>Further, Gibson said the relaxation of local travel restrictions during the year under review allowed the company to take advantage of being able to offer to the domestic and regional market selected properties at rates considerably less than those demanded from overseas travellers.<\/p>\n<p>\u201cThe response from this sector, though positive in terms of the opportunity to travel to destinations previously considered out of the reach of most, was insufficient to render to the group operational profitability owing to the relative size of this market and the relatively high-cost profiles of our properties in terms of lease fees and others,\u201d he said.<\/p>\n<p>\u201cDisregarding impairments and amortisations, the loss before tax was reduced from about P44 million to about P11 million.\u201d<\/p>\n<p>This is the Group that has also seen its revenue increasing by 326 percent from P27.8 million in the prior year to P118.3 million in the year under review.<\/p>\n<p>Even so, Gibson said increased energy, food, wage and other costs are of concern to Chobe and are being addressed as far as possible without compromising standards.<\/p>\n<p>\u201cGiven that our revenue stream is mainly in US Dollars and our modest bed night rate increases, we do not believe the impact will be significant despite the increased cost to travellers in accessing our offerings,\u201d he said.<\/p>\n<p>\u201cThe variability of exchange rates could, however, play a significant role, either positively or negatively, in the determination of future earnings.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. New forward bookings have been extremely encouraging at ecotourism outfit Chobe Holdings Limited as evidenced by the value of Advanced Travel Receipts which have grown from P34 million to P53 million year-on-year, CEO and Group Deputy Chairman, Jonathan Gibson, has said. According to Gibson, with the grip of COVID-19 having eased considerably [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":8087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-8088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chobe Holdings Remains Upbeat - Botswana<\/title>\n<meta name=\"description\" content=\"New forward bookings have been extremely encouraging at ecotourism outfit Chobe Holdings Limited as evidenced by the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chobe Holdings Remains Upbeat\" \/>\n<meta property=\"og:description\" content=\"New forward bookings have been extremely encouraging at ecotourism outfit Chobe Holdings Limited as evidenced by the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-04T15:11:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-04T17:17:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/06\/img-629b93898dcc3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Chobe Holdings Remains Upbeat\",\"datePublished\":\"2022-06-04T15:11:40+00:00\",\"dateModified\":\"2022-06-04T17:17:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat\"},\"wordCount\":399,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/06\/img-629b93898dcc3.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/chobe-holdings-remains-upbeat\",\"name\":\"Chobe Holdings Remains Upbeat - 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