City Lodge Hotels Ltd 2008 AR2
The report details City Lodge Hotels Limited's performance for the fiscal year ended June 30, 2008, highlighting an average occupancy rate of 82% and an 18% increase in revenue to R599.9 million. The group successfully concluded a major 15% black economic empowerment (BEE) transaction, increasing effective black ownership to 22.4%. It also expanded its portfolio, adding new rooms and planning further developments to reach 49 hotels and 5,855 rooms. In sustainability, the company focused on energy and water conservation, tracking consumption per occupied room, and implemented various corporate social investment (CSI) initiatives.
Company: City Lodge Hotels Ltd
Sector: Hospitality & food services
Country: South Africa
Year: 2008
Type: AR2
Pages: 103
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City Lodge Hotels Ltd
Annual Report
The report details City Lodge Hotels Limited's performance for the fiscal year ended June 30, 2008, highlighting an average occupancy rate of 82% and an 18% increase in revenue to R599.9 million. The group successfully concluded a major 15% black economic empowerment (BEE) transaction, increasing effective black ownership to 22.4%. It also expanded its portfolio, adding new rooms and planning further developments to reach 49 hotels and 5,855 rooms. In sustainability, the company focused on energy and water conservation, tracking consumption per occupied room, and implemented various corporate social investment (CSI) initiatives.
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Document Details
Report Year
2008
Reporting Period
Jul 1, 2007 - Jun 30, 2008
Fiscal Year
2008
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees