RAINBOW Tourism Group (RTG) says revenue from its digital platform, Gateway Stream, has provided it with some cushion from the disruption caused by the Covid-19 pandemic, which has been especially severe on the hospitality industry.
The hospitality and leisure group said its occupancies closed the first quarter 2021 at 12 percent compared to 33 percent in 2020. In a trading update the company last week credited Gateway Stream for enabling it “to go against the headwinds of the coronavirus lockdowns”.
“The group’s mobile and web application, Gateway Stream, which was activated in May 2020 continued to gain momentum and has become a source of replacement business, as well as a driver for revenue growth.”
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.