THE G SPOT
City Lodge: Back from the nearly dead
City Lodge has staged a phenomenal comeback from the Covid horror show, and business travel, says CEO Andrew Widegger, is far from over
14 September 2023 - 05:00
From zero guests during Covid, plus an existential debt burden, City Lodge has recovered to serve up a 55% rise in revenue, headline earnings of 30.3c a share (up 42%) and an 8c a share dividend for the year ended June. The FM spoke to CEO Andrew Widegger
Do you feel like you suffered a near-death experience?..
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.