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Hospitality Business News Features

 
Greenest Hotel Lands At Cape Town Airport

Domestic and international travellers to Cape Town International Airport will soon be able to check into what will be the greenest hotel on the continent. Currently in the final stages of approval, the hotel will be built by the Cape Town-based developer Dematech, the luxury hotel has been earmarked for completion in early 2013 in nearby Michigan Street, less than 500m from the terminal building.
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Hotel Market Holding Up

Compared to the rest of the world, and seen against the backdrop of a somewhat volatile global economy, South Africa’s hotel industry is doing relatively well, says Joop Demes, CEO of Pam Golding Hospitality, a member of the Pam Golding Property group.
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Major Investment At Vergelegen

The grande dame of premier South African wine estates, Vergelegen in Somerset West, is undergoing a facelift.
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Business news in brief - 23/05/12 - Scotsman  - Show summary

Business news in brief - 23/05/12
Scotsman
Wyvis Roofing managing director Willie Sharp said it was “business as usual” for the firm. Managers of Scottish confectionery maker Lees Foods yesterday cleared the main hurdle to their proposed takeover of the firm as shareholders voted to accept the ...

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Formula One owner sells a big stake - TVNZ  - Show summary

Moneycontrol.com

Formula One owner sells a big stake
TVNZ
... for the next 98 years, earns money from fees paid by circuits to host races, TV income, sponsorship and corporate hospitality. Its revenues are estimated to reach $2 billion for the first time in 2012, according to industry monitor Formula Money.
Formula One owner cuts stake in $1.6-billion dealDaily Maverick
Formula One owner cuts stake in $1.6 billion dealReuters
$2.5bn share sale for F1?iAfrica.com

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UK Events and Hospitality Company iLUKA Prepares to Scale Up, Saves Money With ... - The Mumbai Times  - Show summary

UK Events and Hospitality Company iLUKA Prepares to Scale Up, Saves Money With ...
The Mumbai Times
"Our objectives were to lessen risk within the business, cut costs during the Olympic Games and meet our clients' IT standards," said Tim Chapman, iLUKA's IT director. "Office 365 provides everything we expected. It's been a significant win for our ...

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Telkonet, Inc. Announces First Quarter 2012 Financial Results - MSN Money  - Show summary

Telkonet, Inc. Announces First Quarter 2012 Financial Results
MSN Money
The Company, as is common in its industry, uses adjusted EBITDA as a measure of performance to demonstrate earnings exclusive of interest and non-cash events. The Company manages its business based on its cash flows. The Company, in its daily ...

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