The outlook for the hotel sector is starting to improve but it is difficult to pick a company IT WAS a slightly better fourth quarter of 2013 for the hotel and tourism sector, giving tantalising hope that things might slowly be improving for the industry after the a long, hard four years that have passed since the 2010 Fifa World Cup hangover.Selecting a winner among the stocks on the JSE should that upswing finally happen materialise isn’t going to be easy. Across the sector, the various listed players are all each battling their own internal dynamics.Tsogo Sun is on an expansion drive, with a particular focus on the Durban market.“We are spending significant capex and in particular in Durban,” says Tsogo Sun CEO Marcel von Aulock. “We have [a substantial amount of] significant stock on the beachfront and the area is showing strong performance as a result of the benefits of the beachfront upgrade that was done by the city for 2010 being realised.“Our major hotel project is the R22...
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