City Lodge earnings rise despite economic challenges
08 September 2024 - 16:43
City Lodge Hotels has reported higher annual earnings thanks to increased occupancies, improved room rates, and an enhanced food and beverage offering.
The group’s revenue climbed 13% to R1.9bn for the year ended June and it achieved an average group occupancy rate of 58%, a two percentage point increase from the previous year, it said in a statement. ..
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