Hotel group Southern Sun, previously known as Tsogo Sun Hotels, expects its loss to swing into a profit in its next annual results, thanks to a recovery in tourism and demand for conferences and events following the easing of Covid-19 restrictions.
“All regions performed well and exceeded the 2020 financial year levels except the Sandton node, reflecting the delayed recovery in corporate transient travel exacerbated by many companies in the node still operating a hybrid remote working model,” the company said in a trading statement...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: