"City Lodge said it is navigating a tougher-than-expected trading environment as geopolitical headwinds and refurbishments across key properties put pressure on its performance for the year to end-June.

Occupancy slipped to 56% in the year to end-June from 58% in the year-earlier period, while 48,748 room nights — representing about 2% of the group’s total inventory — were taken out of service due to refurbishment work at eight hotels, the group said in a statement accompanying its annual financial statements."

Read the full article here: https://www.businesslive.co.za/bd/companies/property/2025-09-12-city-lodge-looks-to-recovery-despite-operational-setbacks/