Leading South African mid-market hotel group City Lodge has reported strong occupancy rates and notable increases in revenue in its 2024 integrated annual report.
In a Q&A session, City Lodge Hotel Group CEO Andrew Widegger unpacked the group’s performance, investment initiatives, strategic highlights, operational challenges and future business prospects.
Q: What stands out when reflecting on the 2024 financial year?
A: What truly stood out this year was how our deliberate focus on reinvestment translated into tangible benefits for our guests, employees and the broader business. In a challenging macro-economic environment, characterised by high inflation and subdued corporate travel, we demonstrated resilience by growing revenue by…