Namibia Wildlife Resorts reduces losses by 44%!
Namibia Wildlife Resorts (NWR), the state-owned enterprise mandated to run the tourism facilities within the protected areas of Namibia, has annouced that it has reduced its losses from N$174 million in 2020 to N$97 million in the 2021 financial year, a reduction of 44% or N$77 million. According to NWR, the improved performance is attributed to, amongst others, the reduction in staff complement through voluntary seperation exercise and having the senior management and board members to take a 25% cut on their salaries and board fees respectively.
"We have devised a strategy that will allow us to return to profitability. The strategy involves moving beyond just providing facilities. The launch of our NWR camera at the waterhole has created a huge interest in our resorts. We hope with the new innovative ideas and customer experience initiatives that we aim to implement, such as enhanced digital and online presence, group packages for families and runners' clubs, and other planned acitivities at our resorts, will enable us to increase our occupancies and enable us to make greater revenue than currently", said NWR managing director, Dr Matthias Ngwangwama.
