These are the CEOs of South Africa’s top JSE-listed hotel businesses, and their massive paydays.
Despite the challenges faced by the hospitality sector following the pandemic, the industry has remained resilient, with the CEOs of South Africa’s biggest listed hotel groups being paid as much as R32 million for their efforts.The hospitality sector is a vital contributor to South Africa’s economy, generating significant employment and revenue.
CEOs had to navigate shrinking revenues, rising operational costs, and the struggle to attract guests. Despite this, major hotel players report encouraging results, showing recoveries to pre-pandemic levels. “This level remains over the long-term average, and it is encouraging to see the subsector maintain its upbeat performance,” it said.
“The saving of historical management fees and central cost charges has yielded the most significant positive impact,” it said.
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