City Lodge: Plenty of room at the inn for battling hoteliers

Business

City Lodge: Plenty of room at the inn for battling hoteliers

Subdued business and consumer confidence (not to mention Airbnb) hammers the SA hospitality industry

Siseko Njobeni

Declining occupancy rates in SA hotels look set to continue as subdued business and consumer confidence hammers the domestic travel and hospitality industry.

Average occupancy rates across the hotel industry have fallen steadily in the past few years. In the 12 months to the end of June, City Lodge’s occupancy rate fell from 59% to 55%. In the 2015 financial year, its rate was 67%.

In addition to shrinking disposable income, travellers choose to either shorten their stays or “trade down” by opting for cheaper accommodation...

This article is reserved for Sunday Times Daily subscribers.
A subscription gives you full digital access to all Sunday Times Daily content.

Sunday Times Daily

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Next Article

Previous Article