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City Lodge: No silver linings for hard-hit hotel industry

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The hospitality sector was particularly hard hit by the Covid-19 shutdowns and restrictions, and the impact will be felt for a while longer

City Lodge was founded in 1985, with the opening of its first hotel — City Lodge Randburg .

The group listed five years later on the JSE. Since then it has grown acquisitively and organically in both the upmarket and budget hotel categories. In 1995 it acquired 50% of the upmarket Courtyard Suite Hotel , and also opened the budget-conscious Road Lodge. In 2013 the group started its African expansion by acquiring a 50% stake in two hotels in Kenya . Since then, it has ventured into Namibia, Tanzania and Mozambique, but its SA operations remain dominant in its portfolio.

 

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City Lodge: No silver linings for hard-hit hotel industryThe hospitality sector was particularly hard hit by the Covid-19 shutdowns and restrictions, and the impact will be felt for a while longer
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

City Lodge: No silver linings for hard-hit hotel industryThe hospitality sector was particularly hard hit by the Covid-19 shutdowns and restrictions, and the impact will be felt for a while longer
La source: BDliveSA - 🏆 12. / 63 Lire la suite »