City Lodge Hotel Group (CLHG) released a solid set of interim results for the six months to end-December 2023. This was the first time since Covid-19 restrictions ended that like-for-like comparisons — that is without any Covid-related bases — could be made.

While growth in most metrics was lower than in recent updates, it was still respectable. CLHG has not only survived the pandemic but has metamorphosed into a far more sustainable business. Food and beverage is a much higher component than it has been previously and the group is now debt-free. Operating from 59 hotels with 7,534 rooms, CLHG owns the bulk (48) of the hotels, with 11 hotels being leased...

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