Life is hard, Check into easy: City Lodge Hotels’ highlights of the financial year
🏨 City Lodge Hotels published its 2025 Integrated Report, detailing a 3% revenue increase to R2.0 billion. CFO Dhanisha Nathoo noted room rates up 7% and food revenue up 8%, offsetting a drop in occupancy to 56%. Profits rose 13% to R213 million. CEO Andrew Widegger highlighted the firm's 40th anniversary, strategic growth initiatives, and the closure of the Katherine Street hotel, sold for R68 million. The group focuses on innovation, culture, and expansion amidst challenging conditions.
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