The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel Sector still battling to fully recover from the harsh Covid-19-related lockdown shock back in 2020, with year-on-year growth still strong but slowing.

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with South African real estate company, Millat Properties, for the first Hyatt-branded hotel in Cape Town.

Lucid Ventures, the R350M Cape Town based Hotel Fund, this week announced the launch of an all new boutique hotel brand Home* Suite Hotels into the South African market.

With sales of R150 million to date, only 52 out of the total of 143 apartments are still available for purchase in the brand new, designer apartment development, Le Boulevard, in the heart of uMhlanga on the rapidly expanding KwaZulu-Natal North Coast, according to Carol Reynolds.

Preliminary results for the year ended 31 August 2018.

Brainworks – a Mauritian-based JSE-listed holding company with a diversified Zimbabwean investment portfolio - announced its interim results for the six months ended 30 June 2018 (“HY18”), showing a revenue increase of 28% to US$31 million compared to US$24 million for the comparative period (“HY17”).

The multiple award winning Table Bay hotel in Cape Town is another award richer.

A technical recession and low investor confidence has produced a seven-year investment low in the commercial property market.

The continent continued to attract new regional and global investment, whilst economic and political events, currency shifts and fluctuating tourism demand brought both risks and rewards to hotel markets across the region.

A decade after the global financial crisis, the Royal Institution of Chartered Surveyors (RICS) Investment Risk Forum (IRF) - which comprises more than 40 of the world’s most influential real estate investors - has found that diminishing returns are driving real estate investment diversification.

Page 1 of 13

Most Popular

Should you rent or buy your business premises?

Jun 23, 2022
Malusi Mthuli_FNB
This is a question that most business owners will face at some point in their journey.…

April 2022 Hotel Accommodation Income Statistics continue to show a very weak picture compared to pre-lockdown times.

Jun 23, 2022
Hotels Monthly Income 2022
The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel…

South Africa’s inflation exceptionalism: can it last?

Jun 23, 2022
Carmen Nel
South Africa is often seen as a high-beta play, be it regarding financial market risk…

Hyprop continues to reduce debt and reposition its portfolios in SA and EE

Jun 30, 2022
Skopje City Mall Playground
Hyprop, which manages dominant retail centres in mixed-use precincts in key economic…

Vaal Mall rolls up its sleeves for pothole repairs

Jun 30, 2022
Vaal Mall crew busy repairing the various potholes making easier access to the Centre.
Vaal Mall is showing their commitment towards their community by stepping up to repair…

Please publish modules in offcanvas position.