Friday, May 30, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Industry | Trade | Commerce

Transcorp Hotels Highlights Key Achievements as Group Management Beats Closing Gong at NGX

EconomyFoot Print by EconomyFoot Print
November 10, 2022
in Industry | Trade | Commerce, Top News
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

Related posts

Tax Reforms Is One of My Most Impactful Achievements – Pres. Tinubu

May 29, 2025
Nigeria’s Economy Requires More Than Short-term Interventions – Elumelu

Tony Elumelu Foundation lifted 2.1 million Africans out of poverty in 15 Years

May 27, 2025

NGX



Dupe Olusola, Managing Director/CEO of Transcorp Hotels Plc on Tuesday, November 8, 2022, joined the President of Transcorp Group Owen Omogiafo, and other CEOs within the Group to ring the closing gong at the Nigerian Exchange (NGX) Ltd. The Closing Gong Ceremony signifies the close of trading and it is a symbolic act used to highlight notable events, people, and organisations.
Following the closing gong ceremony, Mrs. Olusola joined other CEOs to present the “Facts Behind the Figures” to the investor community and other stakeholders.
According to her, the leading hospitality brand recorded double-digit revenue growth in Q3 2022. Occupancy also improved from 62 percent to 78 percent. The company reported revenue growth of 55 percent to close Q3 at N22.7 billion and grew Profit after Tax by 206 percent over the previous year, closing Q3 2022 at N2.3 billion.
“Amidst the current economic situation; inflation, forex volatilities, and insecurities, we have ensured maximum efficiency by continuing to sweat our existing assets to achieve maximum revenue and driving aggressive growth in leisure and staycations, whilst focusing on our key business segments,” Mrs. Olusola said, adding that “Customer Experience remains a key focus for us. We listen and are in tune with customer preferences and this keeps us on top.”
The NGX-listed hospitality company said it is expanding strategically, especially through its asset-light play which led to the recent launch of Aura by Transcorp Hotels, an online platform for booking homes, hotels, and experiences. Through Aura by Transcorp Hotels, the company now has more than 5,000 rooms under management. The award-winning brand is also working to extend its luxurious hospitality to Lagos, with work commencing on a 315-key 5-star hotel in Ikoyi, Lagos. Transcorp Hotels is also set to launch a new world-class convention centre at the premises of its flagship property Transcorp Hilton Abuja.
Also speaking, Temi Popoola, Chief Executive Officer, NGX stressed that the NGX values the Transcorp relationship, and is proud of its well-planned and diverse growth. He also noted that the evolution of Transcorp has been very impressive, adding that the company’s leadership shows a great understanding of the role the capital market plays as an enabler for growth.
“Investors invest in companies they see visibility, transparency, and great performance,” Mr. Popoola said, adding, “In these trying times, the NGX is happy to see what Transcorp is doing”.



Tags: TranscorpTranscorp GroupTranscorp Hotels Plc
Previous Post

NIFST Conference: How Coca-Cola Nigeria commits to food security in line with UN’s Sustainable Development Goals

Next Post

20,500 Nigerian MSMEs benefits from $1.1bn AfDB funding’

Next Post

20,500 Nigerian MSMEs benefits from $1.1bn AfDB funding'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Brigade Commander Lauds NYSC DG’s Performance

4 months ago

Aviation Minister Inspects Facilities at Aviation and Aerospace University 

1 year ago

Flyzone boss honoured as ECOWAS ambassador

8 months ago

BIPC, SUNDRY MARKET TO DEVELOP BENUE’S FIRST SHOPPING MALL

7 months ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Tax Reforms Is One of My Most Impactful Achievements – Pres. Tinubu
  • MTN Nigeria and Pan-Atlantic University Welcome Fourth Cohort of Media Innovation Programme
  • THE TAH DOCTRINE: A PRESIDENTIAL MANDATE FOR AFRICA’S NEXT CHAPTER

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Tax Reforms Is One of My Most Impactful Achievements – Pres. Tinubu

May 29, 2025

MTN Nigeria and Pan-Atlantic University Welcome Fourth Cohort of Media Innovation Programme

May 29, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion