City Lodge slashes full-year loss by 89% as occupancies improve
21 September 2022 - 19:44
Hotel group City Lodge cut its full-year headline loss by 89% as leisure and business travel picked up after the lifting of Covid-19 lockdown restrictions.
On Wednesday, the company reported a headline loss of R49.5m in the year to end-June, compared with one of R455.2m in the previous comparable period, as average occupancies improved to 38% from 19%...
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.