Sun International says it will sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International Public Co (Mint) for R664m.
US hotel giant Marriott announced it had finalised a deal to buy the Protea group, Africa's largest hotel chain, for US$186m.
SkySafari, by Elewana, is an all-inclusive package, which is a blend of game-viewing opportunities, luxuriant accommodations, intimate dining choices and tailor-made experiences. SkySafari is all about ensuring exemplary and unfettered access to the wildlife spectacular that is Africa during each stage of the journey.
Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.
Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
In line with its growth strategy‚ Tsogo Sun has announced an investment of US$100m to be used to expand the group's hotel network in Africa.