Hotels and Leisure
Tsogo Sun reports 36% increase in adjusted earnings
Hotel and gaming group Tsogo Sun on Thursday reported a 36% increase in adjusted earnings to R1.3 billion for the year ended March. ... Full story
Sun International delivers, revenue up 10% to R2.4bn
Hotel and gaming group Sun International on Wednesday said that revenue was at R2.4 billion for the quarter and nine months to end March - 10% up on last year. ... Full story
SA to host 2013 African Cup of Nations, a boost to hospitality industry
Good news to the Leisure & Hospitality industry, Cabinet has given the nod to South Africa hosting the 2013 African Cup of Nations (AFCON) and the 2014 African Nations Championships (CHAN). ... Full story
S.Africans encouraged to explore their country
Tourism Minister Marthinus van Schalkwyk has called on South Africans to explore their own country and experience the beauty that lures millions of international tourists here. ... Full story
Peermont Global posts strong fourth quarter earnings 2011
Peermont Global Group, the gaming group that operates Emperors Palace, has reported a 1,8% increase in revenue to R2,67bn for the year to end-December, with contributions from some of its smaller properties making up for its larger operations, which last year lacked the business generated by the Soccer World Cup in 2010. ... Full story
Protea Hospitality Group drives expansion into Africa with 11 new Hotels
The total value of this investment by Protea Hotels and its property owner partners is approximately R1 billion and represents the biggest expansion on the continent this year of any hotel group in the world. ... Full story
South Africa’s Tourist Arrivals grew by 3.3%
South Africa has capitalised on the awareness generated by the 2010 World Cup, with international tourist arrivals growing by 3.3% last year and with over eight million tourists visiting South Africa last year, Minister of Tourism Martinus van Schalkwyk said on Thursday. ... Full story
Joburg to get Africa’s first easyHotel by the end of 2012
Lonrho (LON:LONR) is opening the first easyHotel branded hotel by the end of the year under its exclusive franchise agreement with Sir Stelios Haji-Ioannou's easyGroup. ... Full story
January total accommodation indicate income up 16.6%
Total income for the accommodation industry increased by 16.6% year on year in January to R1.911 billion, data from Statistics SA on Monday showed. ... Full story
Great Opportunity Exists for Non-Institutional Buyers in Hotel Sector
While REITs and many private equity buyers remain quiet, opportunities exist for other investors to take advantage of a lodging market ripe with promise. ... Full story
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Village View gets R20 million Facelift
The stylish Village View shopping centre in Bedfordview is undergoing a R20 million makeover by owners The Cavaleros Group. ... Full story