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Gooderson lifts revenue from local focus
The Gooderson Leisure Group has lifted its revenue by 10% to R49,5-million despite the tough conditions in the hospitality and tourism sectors that has seen a slump in bookings for many hotel groups, coupled with a decrease in the number of tourists coming to South Africa.
Business Report quotes Gooderson's chairman, Alan Gooderson as saying the rise in revenue was mainly due to higher spending by the government's conference and events division and a marginal increase in hotel occupancy rates.
The group says that it has focused on developing the local market rather than the international tourism market and warned that conditions were likely to remain tough for at least the next 18 months.
Meanwhile, Starwood Group's Amanda Elder - which owns the Westin Grand in Cape Town and the Sheraton in Pretoria - says that the temporary lull in tourism is normal after a big event such as last year's World Cup.
Business Report quotes Elder as saying she does not believe that Cape Town is over-supplied with hotels and that there has been no noticeable drop in corporate bookings.
Read the full article on www.iol.co.za regarding Gooderson Leisure Group.
Read the full article on www.iol.co.za regarding the tourism lull.
View Gooderson Leisure's interim results.
