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Chief executive of Africa Albida Tourism, owners of the lodge, Mr Ross Kennedy, said the wing, named Induna Club, comprised exclusive 20 luxury rooms and a club while $300 000 would be spent redesigning existing public areas.
The Induna Club is scheduled to open its doors in August.
Mr Kennedy said the investment by his company was part of the general development taking place in Victoria Falls as players showed confidence in the sector.
He said many “good news” stories were coming from the tourism sector.
He said tourist arrivals in Victoria Falls grew by more than 19 percent in 2011 compared to 2010.
Some of the main hotels in the resort reported their best years since 1999.
Victoria Falls Safari Lodge had the best July occupancy in 10 years in 2011 at 70 percent.
“At the group’s award-winning Boma-Place of Eating restaurant located on the same resort, only July 2007 had better covers with 183 covers per night, and July 2011 delivering 163 covers per night,” he said.
Mr Kennedy said statistics coming from the sector were the more impressive because they were driven by revenue per room available and not low rates.
He attributed the resurgence of the tourism sector to the introduction in 2009 of the American dollar as the base currency and political stability which was making Zimbabwe a viable and popular holiday destination for tourists.
“With a wealth of natural treasures, including the magnificent Victoria Falls, luxurious and affordable safari and hotel accommodation all serviced by reputedly the most hospitable people in Africa, Zimbabwe has so much to offer local and international visitors. People, culture, history, monuments, wildlife, art, sport — Zimbabwe has it all,” he said.