Tsogo Sun Results | Revenue up, occupancies still low

Southern Sun Hotel in Sandton

The lounge at the Southern Sun Hotel in Sandton, Johannesburg AFP PHOTO / PABALLO THEKISO

JOHANNESBURG - The hospitality sector is watching the rise in COVID-19 cases closely.

Tsogo Sun Hotels is still seeing occupancy levels far below the group's long-term average.

Rooms sold are half of what they were prior to the pandemic.

Tsogo Sun’s portfolio includes the Sandton Sun in Gauteng and the Beverly Hills in Umhlanga.

READ: COVID-19: Tsogo Sun says further job cuts will be required

The group returned to profit in its half-year to end-September and says it is much better prepared for another wave.

Group revenue jumped 144-percent.

COVID-19 had forced local hotel operators to cut staff and close hotels as tourism plummeted.

Tsogo Sun’s CEO says government should carefully consider how it implements further lockdowns.

Source
eNCA

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