Hotels and Leisure

InterContinental books surging profits

InterContinental Hotels Group on Tuesday announced a surge in annual net profits after offloading establishments in Paris and Hong Kong, while a solid underlying performance resulted in large dividend payouts. ... Full story

Sun City set for R800m image shake-up

Gaming and hospitality group, Sun International is to spent R800m in an attempt to revitalize its resort town, Sun City in the North West province. ... Full story

Tsogo's share price rises sharply

Tsogo Sun rose as much as 9.4% to an intraday high of R22.64 on Tuesday with 3-million shares trading by 3PM. ... Full story

Shareholders unfazed with Hospitality Property Fund share swap deal

Two minority shareholders urge Hospitality Property Fund to sweeten the share swap deal that forms part of its turnaround strategy, saying its failure to do so could jeopardise the company’s future. ... Full story

Tsogo Sun turnover soars despite tough trading environment

Tsogo Sun continued to outperform expectations with turnover up 7% at more than R5.9 billion, but warned business was under pressure due to a subdued economy. ... Full story

Total income for accommodation industry up 8.1% y/y in July

Total income for SA's tourist accommodation industry rises 8.1% in nominal terms in July 2015 compared with July 2014. ... Full story

Sun International given Goldrush nod

Gaming company Sun International on Tuesday confirmed clearing the last obstacle in its bid to relocate its struggling Morula casino licence to a more vibrant entertainment centre at Menlyn in Tshwane. ... Full story

Marriott outlines Melrose Arch plans

Nasdaq-listed hotel operator Marriott International will be opening two new branded Marriott properties in Johannesburg’s Melrose Arch precinct in February. ... Full story

Fund battles hotel slump

Takeover target Hospitality Property Fund’s total distribution per linked unit falls 7.7% in the year to June. ... Full story

Hotels are empty, jobs are on the line

South Africa’s onerous new visa regulations have wreaked havoc on the tourism industry, ending an extended period of buoyant growth that had generated jobs and spurred the sluggish economy, according to a slew of reports and observations from top executives in the sector. ... Full story

back 1 2 3 4 5 6 7 8 9 10 next last total: 186 | displaying: 21 - 30
Nedbank Corporate and Investment Banking


Please enter your e-mail address below and click 'Subscribe'.