The Managing Director/Chief Executive Officer of Transcorp Motels, Dupe Olusola, has revealed that the hospitality enterprise plans to launch its 5,000-capacity occasion centre within the second half of the 12 months.
Olusola mentioned this in a press release accompanying the discharge of Transcorp Lodge 2023 outcomes, which was filed with the Nigerian Change Restricted not too long ago.
In 2023, Transcorp Motels Plc, the one hospitality enterprise with a trade value over N1tn, delivered robust efficiency as its income grew by 36 per cent year over year.
Its full-year audited outcomes confirmed that income improved by 36.51 per cent to N41.5bn in 2023, compared with N30.4bn within the prior year2022. In contrast, working earnings grew by 50 per cent to N13.1bn.
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Revenue for the 12 months grew by 133 per cent from N2.6bn in 2022 to N6.1bn in 2023, and the total assets elevated by 5 per cent to N126.1bn.
Olusola is famous for its spectacular efficiency, achieved through continued dedication to excellence, unparalleled visitor satisfaction, and a resilient spirit that defines its commitment to delivering distinctive service and stakeholder worth.
“By strategically investing in improvements aligning with our development targets, we ship these spectacular numbers, beating our earlier 12 months’s information. A significant increase in occupancy charges and visitor satisfaction has rewarded our appreciable funding in our iconic Transcorp Hilton Abuja.
“We’re persevering with this funding, with our 5,000-capacity occasion centre purpose-built to host native and worldwide leisure, convention, and exhibition occasions. This new world-class facility positioned inside the premises of Transcorp Hilton Abuja is scheduled to open within the second half of 2024.”
According to Olusola, the agency remains centred on its mission to exceed expectations and set new benchmarks within the African hospitality trade.
In the meantime, the agency introduced a remaining dividend of 20 kobo per share topic to shareholders’ approval at its subsequent annual basic assembly.
On Thursday’s shutdown of buying and selling, the agency’s shares stood at N 97.9, and its market cap was N12tn.
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