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1 000 jobs cut at Tsogo Sun Hotels amid Covid-19 financial fallout

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Tsogo Sun Hotels, which was unbundled from Tsogo Sun Gaming in 2019, saw its overall hotel occupancies plummet to a record low of just 12% for the financial year.
This was largely due to the Covid-19 pandemic, with restrictions to travel, hotel operations and events. The group and most of its peers were forced to close the bulk of its hotels during the hard lockdown last year, but kept several hotels closed due to lack of demand even as restrictions were eased. ....

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Tsogo Sun hotels not out of the woods yet as Covid-19 impact lingers

The hotel group says most of its impairments are due to the assessment of the negative impact of Covid-19 on forecast cash flows generated by hotels for the financial years ending March 2022 and March 2023. ....

South Africa , Cape Town , Western Cape , Bantry Bay , Tsogo Sun , Palazzo Hotel In Montecasino , Tsogo Sun Hotels , Hospitality Property Fund , Palazzo Hotel , Bantry Bay Resort , Hospitality Property Fund Limited , கேப் நகரம் , மேற்கு கேப் , சரக்கறை வளைகுடா , விருந்தோம்பல் ப்ராபர்டீ நிதி , பெலாஸொ ஹோட்டல் ,

Flight prices surge and some hotels are fully booked for Easter

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Last-minute domestic bookings give a much-needed boost to the travel industry.
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Sun City is completely full for the long weekend, says Sun International COO of hospitality Graham Wood. Image: Supplied
It may not be the traditional Easter holiday bonanza in South Africa, but hoteliers, airlines and other tourism establishments are seeing a surge in bookings for the long weekend.
A quick search on the websites of the main domestic airlines show several flights sold out on the popular Joburg-Cape Town and Joburg-Durban routes, while prices on peak days have spiked on higher demand. ....

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Worries and disappointments amid the eerie quiet of new year

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Worries and disappointments amid the eerie quiet of new year
Dismay for Brait and Hospitality Property Fund shareholders, and a renewed threat of derivative action against some Eastplats directors â but a strengthened source of non-southern African revenue for Spar Group.
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Great views, even if it is a case of look but donât touch thanks to the Covid-induced beach ban, but billionaire Christo Wiese probably has other things on his mind. Image: Shutterstock
The year-end festive holiday is inclined to be a quiet time of the year for corporates; thereâs generally little sign of any deals being contemplated or finalised. And while the year-end lull hasnât stopped some major deals being announced in the past, this year it seems Covid and the accompanying lockdown has ensured things are eerily quiet. ....

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