Hotels and Leisure

Appetite for hotel development in Sub-Saharan Africa rises

Appetite for hotel development in Africa is increasing with many more businesses setting up offices or doing deals on the continent. ... Full story

Gooderson bets on better times

Boutique hotel and timeshare group Gooderson Leisure is spending on expansions in the 'bad times' to be ready when better times return to the hotel industry. ... Full story

Tsogo Sun FY adjusted HEPS slip 1% to R1.75

Tsogo Sun reports a 1% drop in full-year adjusted headline earning per share to R1.75‚ citing the effect of development projects on its performance. ... Full story

Tsogo to invest R680m on new hotel facility in Cape Town

Tsogo Sun (TSH) on Tuesday said it would begin construction of a 500-room hotel complex in Cape Town’s city centre. ... Full story

Back to the days of the Royal Hotel

Clocks arrayed along the wall are all stopped, New York, London, Sydney, Tokyo are offline as Durban’s Royal Hotel pauses to take stock as a new future dawns. ... Full story

Tsogo to build 500-room hotel complex in Cape Town

Tsogo Sun will begin construction of a 500-room hotel complex in Cape Town’s city centre‚ says group. ... Full story

Total income for accommodation industry rises in January

Total income for SA’s tourist accommodation industry rises by 1.1% y/y in nominal terms in January‚ shows Stats SA’s survey. ... Full story

Sun International to buy Peermont Group for R9.4bn

Hotel and leisure group Sun International plans to acquire the business of Peermont Group which owns Emperors Palace, following the conclusion of definitive agreements between it and Peermont in a R9.4bn deal. ... Full story

Cape Town in line for new Hotel Investment

With a growing number of foreign tourists visiting, Cape Town has emerged as the most popular city in Southern Africa for new hotel investment despite the oversupply that depressed the industry since 2010 World Cup. ... Full story

Tsogo Sun to pump up its Casino Investments

Tsogo Sun Holdings (TSH), already the largest hotel and casino operator in South Africa, is set to make major inroads into the market by upping its casino investments. ... Full story

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