City Lodge taxed profit falls 26% in subdued economy
Hotel group’s average occupancy falls from 61% to 58% on low business and consumer confidence
18 August 2019 - 16:04
Low business and consumer confidence continue to haunt listed hotels group City Lodge Hotels as full-year net profit fell more than a quarter with more of its rooms unused in the year to end-June.
Average group occupancy fell to 55% from the previous year's 59%, the operator of Courtyard Hotels and Town Lodges said on Friday...
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