The commitment of the Dale Group in a restaurant specializing in seafood in the North, Bella Amigo, and its investment in Shelley Point hotel project in South Africa, gave an idea of the capital required in the tourism and Dale Group does not want to make such financial efforts.
The debt crisis in Europe depressed the local tourism market that could have attracted 10,000 tourists less than originally expected. The diversification of our markets will not take off for once.
In addition to the European crisis has reduced the income of the tourism industry due to the aggressive practice of practice by hotel discounts to attract customers.
"The policy of borrowing widespread established hotel groups gives an indication of financial requirements with occupancy rates at half-mast. We fear that financial support to invest in a new facility will be a loss , "said the Dale Group.
The investment group has suffered $ 2.2 billion loss for the nine months of the current fiscal year.