The hospitality sector in Nigeria is gradually thinning. Again, talks are rife about another top Hotel in Lagos, Avenue Suites being on the market. The Avenue Suites Lagos is a luxury lifestyle hotel situated in Victoria Island, Lagos. There are currently ongoing advertisements (as depicted below) offering up the hotel for sale at a whooping $44 million.
It’s becoming increasingly clear that Covid 19 is having a profoundly negative impact on the hospitality industry. Still, many hotels are still temporarily closed due to travel restrictions and stay at home orders. The question is, how many hotels will be left standing after this period?
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About Olatorera Consultancy (OC):
Olatorera Consultancy is a modernistic venture combining deeply-rooted knowledge on Africa’s culture and challenges plus close relationships with topmost leaders to promote development. We provide consultancy, business development and advisory services to notable companies and high net-worth individuals.