City Lodge Hotels has released its annual results for the year ending June 30, 2025, posting a revenue of R2bn ($115.5m), up 3% from R1,9bn ($109.7) in 2024. Profit for the year was R213m ($12.3m), up 13% from R189m ($10.9m) in 2024.
Adjusted EBITDAR was R589m ($34m), up 0,4% from R586m ($33.8m) in 2024.
Depreciation for the year of R180.3m ($6.3m) was up from 2024’s total of R171.3m ($9.9m) includes depreciation of capitalised leases. The 5% increase relates to capital expenditure incurred on refurbishments.
Group occupancy dropped two percentage points from 58% in 2024 to 56% this year. Dhanisha Nathoo, Group CFO, said geo-political uncertainty had dampened occupancy during the year.
The group’s hotels in the Western Cape, Free State and Gauteng experienced above-average growth in revenue, while KwaZulu-Natal remained subdued. The strategic focus for the year was the modernisation and refurbishment of eight hotels.
Total capital commitments of R296,6m ($17.1m) have been authorised for the 2026 financial year. The funds will be applied to various projects, including the refurbishment of a further five hotels.
“The 2026 financial year has commenced positively, with occupancies for July 2025 and August 2025 each up four percentage points, to 60% and 59%, respectively. We are optimistic that these positive trends will continue,” said Andrew Widegger, CEO of City Lodge Hotels.
