Hotels and Leisure

Is SA gaming and leisure sector moving towards consolidation?

The long-awaited consolidation of the listed gaming and leisure sector of the JSE Securities Exchange SA seems to be gathering momentum. ... Full story

Tsogo Sun on high growth path

SA’s largest hotel and casino operator, Tsogo Sun Holdings which recently reported solid financial results, is to investing billions of rands on maintaining and upgrading operations. ... Full story

Tsogo Sun acquires stake in Redefine BDL Hotel Group

Redefine International plc said on Friday that Tsogo Sun had acquired a 25% interest in its subsidiary‚ Redefine BDL Hotel Group (RBDL)‚ for £8.1 million (aprox R141m). ... Full story

Tsogo Sun reports increase in headline earnings

JSE-listed hotel and gaming group, Tsogo Sun Holdings posted a 18 percent rise in full-year adjusted headline earnings per share to 176.5 cents in the year to March. ... Full story

March total tourist accommodation industry income up 2.6%

Total income for South Africa’s tourist accommodation industry rose 2.6% year on year (y/y) in nominal terms (current prices) in March 2014‚ Statistics South Africa’s (Stats SA) tourist accommodation survey released on Monday showed. ... Full story

Four Seasons Hotel The Westcliff Johannesburg all set for December return

The landmark Westcliff Hotel in Johannesburg is set to open its doors as the Four Seasons Westcliff branding in December, following extensive refurbishment. ... Full story

New Hotel launches in Sandton CBD

RESIDENTS in and around South Africa's prime economic hub of Sandton can now breathe a sigh of relief following the official opening of the Empire Executive Apartments and Hotel, targeting travellers sensitive to budgets. ... Full story

Guesthouses 'doing well'

Income from the accommodation industry displayed an annual growth of 7% for February, with the main contributors being hotels, contributing 4.3 % and guesthouses, contributing 2.2%. ... Full story

Marriott International acquires Protea Hospitality Group

Marriott International (NASDAQ: MAR) said earlier this month that it had became the largest hotel company in Africa according to published information, and nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as it completed its acquisition of the 116-hotel Protea Hospitality Group (PHG), based in South Africa. ... Full story

International Hotel operators show interest in African business

Sub-Saharan Africa is seeing a surge in hotel investment and development by overseas hotel operators, sighting economic growth which has boosted interest on the continent. ... Full story

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