Tsogo Sun feels pinch as tourism industry in free fall
DURBAN – Tsogo Sun Hotels on Friday confirmed its operations felt the full impact of the coronavirus (Covi-19) pandemic in the fourth quarter of its financial year as tourists stayed away and hotel doors closed as a result of the national lockdown regulations imposed to contain the epidemic.
The group said occupancy at its hotels tumbled 59.3 percent during the quarter that runs between January and March when it normally had its peak trading period. Tsogo Sun said the pandemic saw international demand retracting as early as the last week of February.
“The initial international travel regulations imposed by President Cyril Ramaphosa on March 15 and finally the total ban on interprovincial travel announced on March 23 as part of the nationwide lockdown resulted in a material reduction in revenues for the month of March, which is normally a peak activity month,” the group said.
Source: iol.co.za
