The property consists of a partially built hotel development in Blue Water Bay, Port Elizabeth

Hotel stocks have had a dismal four years but there are signs of a recovery

JSE-listed Hospitality Property Fund (HPA,HPB), which invests in hotel and leisure properties, is optimistic about the outlook for the hotel industry after a challenging period in the sector, according to CEO Andrew Rogers.

An undersupply of quality hotels catering to business travellers means hospitality development in commercial centres has become a pivotal strategy for hoteliers

PwC projects total room revenue in SA to grow at a compound annual rate of 9.2% to 2017.

Falling bookings from SA's traditional international arrivals and local business in the downturn exposed hotel oversupply after the 2010 soccer World Cup. 

Redefine Hotels and BDL Management have today announced a merger between the two companies to create Redefine BDL Hotels. The merger will create the largest independent hotel management company in the UK with 60 hotels under management, representing 6,700 rooms. 

Hospitality Property Fund says HPF Properties has entered into a new sale agreement with Savana Property to acquire 100% of the Radisson Blu Gautrain hotel in Sandton for R443.385m.

Overseas buyers reaffirm commitment to ongoing presence in South Africa. RevPAR (revenue per available room, in rands) in South Africa grew by 10.5 percent compared to the same period in 2011