Hospitality B-linked units' distribution for the 6 months ended 31 December 2013 are expected to exceed the forecast of 13‚36c per linked unit by 40%-50%‚ says company.

City Lodge reports a 14% rise in normalised diluted HEPS to 330.5c in the 6 months to December from the same period a year ago.

Positive news in the hospitality sector in South Africa is recorded at the 5 Star hotel level, which despite experiencing substantial decline between 2009 and 2011, recorded a national average RevPAR (revenue per available room) annual increase of 15.6 percent during  2012. 

Total income for the tourist accommodation industry increases by 10.3% in nominal terms in July 2013 compared with a year earlier‚ says Statistics SA.

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.