Refurbishments, renewed travel demand and stronger trading lift revenue and cash generation.

Hospitality group City Lodge has reported the highest occupancy rates at its hotels since the Covid-19 pandemic, boosted by renewed economic activity and travel, refurbishment of its marquee establishments, and the overhaul of its menu to meet consumer demand.

The company yesterday reported a 34% surge in cash generated by operations in the six months ended December, while revenue went up 12% in the period under review to R1.14bn.

CEO Andrew Widegger said it capitalised on improved economic trends in South Africa and B20 and G20 tailwinds to deliver a 4.2% point increase in occupancy to 61.6% over the period.

Read the full article in the Business Day here.