Would Investments in New Businesses Accelerate Visiblility Across Africa

One of Nigeria’s leading hospitality company, Transcorp Hotel has assured that it will continue to invest in new businesses, asset-light initiative and increase its footprint across Africa leveraging cutting – edge technology.

This was stated by the Managing Director/Chief Executive Officer, Dupe Olusola, at a gathering held in Lagos. She also said that the company would continously aim for incremental growth even in the era of Covid-19 pandemic.

While reviewing the company’s performance, Olusola told stockbrokers about Aura, a digital platform for booking quality accommodation, great food and exciting experiences. Likewise, the company also commissioned a purpose-built co-working space at Transcorp Hilton Abuja, called Workspace by Transcorp Hotel.

“Transcorp Hotels is also developing a 3,000-capacity event centre at the Transcorp Hilton Abuja to cater to existing demand for suitable venues to host medium to large-scale events such as trade fairs, concerts, weddings and religious programmes. We will constantly continue to challenge ourselves to ensure that we meet the diverse customer needs and provide excellent experience across all touchpoints,” Olusola said.

Moreover, the performance of the company in first quarter of 2021 was quite impressive with a total revenue of ₦3.8 billion. The performance was driven majorly by the company’s intensive drive for leisure and staycation and unique packages for key events and activities such as the new year festive package in January, Valentine’s package, Mother’s Day package, group conference and event activities from major companies and parastatals.