Hotels and Leisure

Why Property Investors are going for ‘Aparthotels’

‘Aparthotels or serviced apartments are a relatively recent phenomenon growing in popularity among property investors wanting to mitigate risk.

City Lodge issues profit warning

Hotels group City Lodge which owns brands such as Courtyard, City Lodge, Town Lodge, and Road Lodge, could be 50% lower than that of a year earlier due to accounting changes and weak business confidence

Big Property Developments expected to fire up Cape Town

A number of new modern commercial and luxury residential developments, including hotels, are on track to come out of Cape Town’s soil, setting existing establishments in the area aflutter with dreams of tourist gold.

Small businesses in uphill battle over Airbnb regulation

The saga between small operators and large hotel groups over Airbnb regulation in South Africa, takes a new twist after a business lobby group says it is considering legal steps to challenge a new bill.

Knives out for Airbnb as SA Hotel Industry loses millions

A call on South African government to crack down on Airbnb, widely echoed by some hospitality groups, has been fulfilled by the Tourism Amendment Bill which was published last week.

Amdec-Marriott JV brings AC Hotels brand in the Mother City

The joint venture between Melrose Arch owners, the Amdec Group and NASDAQ-listed Marriott International, brings the first AC Hotels brand to Africa.

PE Hospitality Industry feels AirBnB sting

The idea behind Airbnb started off simply enough. Those with a spare room could rent it out for a night or two and earn some extra cash. But now the online platform is threatening the viability of conventional lodging providers such as hotels and guest houses.

Cape Town hotel market ‘still extremely favourable’

While a gloomy outlook has been painted for the economy by many, the hotel market in Cape Town seem to indicate all is still relatively well.

Tsogo Sun ditches R23 billion Casino and Hotel deal

Tsogo Sun [JSE:TSH], the hotel and gaming group has suspended the sale of its casino and hotel businesses to Hospitality Property Fund [JSE:HPB] after failing to secure enough support from shareholders.

Major SA hotel group to pull out of Nigerian market

JSE-listed Sun International, on Monday said it plans to exit its investment in Nigeria amid shareholder dispute.

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