But the hotel group’s revenue is still less than half of its pre-Covid-19 pandemic income
SA’s biggest hotel operator, Tsogo Sun Hotels, says improving room occupancies helped revenue about triple in its half-year to end-September, but it expects a return to pre-pandemic trading to wait until at least late 2022.
This is still well below the R2.1bn it generated in pre-pandemic interim revenue, however, with the third wave of Covid-19 infections and the slow vaccination rollouts both locally and globally clear indications that recovery in the trading to pre-Covid-19 levels will extend into the 2023 year, the group said. That period begins in October 2022.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PPC more than triples profit as it looks to put restructuring behind itImproved cash generation helps cement maker settle a further R309m in debt
Read more »
Kevin Spacey ordered to pay House of Cards production company millions for loss revenue | ChannelKevin Spacey will have to pay almost $31 million (R491 million) to the production company that made House of Cards.
Read more »
Climate warming forecasts may be too rosy: studyUN projections of how much current climate policies and national pledges to cut carbon pollution will slow global warming are more uncertain than widely assumed, researchers reported.
Read more »
Coronation reports bumper year but warns savings outlook still gloomyBuoyant global markets help group increase profit over a fifth to end-September
Read more »
Democracy slipping away at record rate, intergovernmental body warnsA greater number of countries are sliding towards authoritarianism, while the number of established democracies under threat has never been so high, the International Institute for Democracy and Electoral Assistance (IDEA) said on Monday.
Read more »
'Jabbed, cured or dead', Germany warns as Europe battles Covid surgeAustria's decision to reimpose a partial lockdown flies in the face of earlier promises that tough virus restrictions would be a thing of the past.
Read more »