News Formal

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

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

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.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Ramaphosa welcomes R950m hotel investment in EkurhuleniNew Radisson hotel and conference centre will open next month 🤔🥴
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

US stocks extend sell-off over Covid-19 and election worriesShares of hotels, airlines and other companies sensitive to Covid-19-related turmoil fall
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »