Southern Sun on Wednesday reported a strong increase in occupancy in the first five months of its financial year with international events such as the Brics summit in Johannesburg and the Netball World Cup in Cape Town driving demand as the tourism industry continues to recover to pre-pandemic levels.

The company, valued at about R7.1bn on the JSE, said in a trading statement on Wednesday that the return of domestic and international travellers, along with the demand for conferences and events, boosted its occupancy rate by 11.1 percentage points year on year to 55.3% in the five months to end-August. The same period last year was still affected by the Omicron variant, which damped  demand for travel...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.