HOTELS
City Lodge eager to cash in on recovery
Economic recovery in South Africa and new hotels in Dar es Salaam bode well for the hotel operator
City Lodge Hotels expected to be among the first beneficiaries of an economic recovery in SA led by the reforming ANC, the company said on Thursday. "In SA, there have been encouraging signs of improving sentiment and meaningful political change that could boost the economy — these have however yet to translate into noticeably stronger trading. "It is expected that the group will be an early beneficiary of higher levels of confidence," the company said. The group’s occupancies in SA fell two percentage points to 64% in the six months to December. It attributed this to the depressed business environment and low consumer confidence levels. In the drought-stricken Cape Town area, occupancies "remain good". It had fallen slightly from October and this trend had continued into 2018. "The group has taken a number of proactive steps to reduce water consumption at its six hotels in the greater Cape Town area and alternative sources of supply are being investigated," the group said. Group re...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.