Hotels and Leisure

SA tourism accommodation income up 10.3% y/y in July

Total income for SA tourist accommodation industry rose by 10.3% year on year in July‚ Statistics SA’s (Stats SA) tourist accommodation survey released on Wednesday showed. ... Full story

Hotel occupancy rate show signs of improvement

After falling off a cliff three years ago, hotel vacancy rates are starting to show signs of improvement. All of the major listed stocks with an exposure to the local hotel industry have reported better vacancy rates this year. ... Full story

City Lodge Hotels total dividend up 31% to 351c

City Lodge Hotels Limited (CLH) has increased average occupancies by three percentage points to 62% in the 12 months to June 30‚ 2013‚ underpinning a revenue increase of 11% to R975.9 million and a 32% rise in normalised headline earnings to R252.2 million. ... Full story

Westcliff hotel set for a makeover

Johannesburg’s pink diamond, The Westcliff Hotel, is set for a makeover and rebranding. When it resumes operations next year it will be known as the Four Seasons Hotel Westcliff Johannesburg. ... Full story

Blue skies ahead for South Africa’s Hospitality Industry

Investment Property Databank (IPD) wrapped up its 11th annual Property Investment Conference last week amidst the strongest optimism for the hotel industry that hotel experts have seen the past few months. ... Full story

Tshwane to get massive R3 billion Casino

Gaming giant Sun International could foot a large development bill, equivalent to roughly a quarter of its market capitalisation, if it’s allowed to move its Morula Sun casino operation from its location outside Mabopane to the more vibrant surrounds of Menlyn in Tshwane. ... Full story

Protea Hospitality Group to expand its Hotel in Zambia

In response to the rapidly growing demand for business travel in Zambia‚ Protea Hospitality Group said on Monday it was significantly expanding its Protea Hotel in Lusaka as part of its African expansion drive. ... Full story

Sun International plans R3 billion entertainment destination in Menlyn

Sun International (SUI), on Tuesday revealed plans to invest and develop a new R3 billion urban entertainment destination at Menlyn in Tshwane’s eastern suburbs. ... Full story

Government proposes ‘Butlins-style’ low cost holiday resorts

The South African Department of Tourism has announced its intention to unlock under-used government owned properties and partner with the private sector to develop low-cost holiday resorts similar to the Butlins resorts concept initiated some years ago in the United Kingdom. ... Full story

Hotel Industry sentiment on the mend

The post-2010 soccer World Cup slump in hotel occupancies and revenues, which left punters badly burnt, is probably still fresh in many memories. ... Full story

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