Why Transcorp Hotels Will Keep Posting Record-Breaking Earnings – CEO/MD, Dupe Olusola

DUPE Olusola, the Managing Director and Chief Executive Officer of Transccorp Hotels Plc, the listed hospitality brand that posted record-breaking earnings has revealed why the feat will continue through 2024 and beyond.

Transcorp Hotels in its first full-year audited report filed with the Nigerian Exchange (NGX), Transcorp Hotels reported a record-breaking revenue of N41.5billion in 2023, compared to N30.4billion in 2022, marking a substantial 36% growth year-on-year.

The operating income of the hospitality brand with all-year recycling drive – in collaboration with other partners – as one of its environmental social governance factors also grew by 50%, to close at N13.1 billion as of December 2023, compared to N8.8 billion in December 2022.

In her speech during the Analysts Conference over the weekend, Olusola highlighted that to sustain performance, Transcorp will focus on key growth drivers that will ensure continuously win in the ever-changing industry and economy. Some of which include:

“The enhanced use of our digital platform Aura, which is revolutionizing how we drive bookings, engage with guests, and generate revenue. This technology underscores our commitment to growth and adaptability in the digital age.

“Upgrading our technology to enrich the guest experience, offering contactless services and personalized offerings that cater to the unique preferences of each visitor, ensuring that our services are not just cutting- edge but also deeply personal.

“Strategic sourcing and operational efficiency which are key to our cost optimization efforts. We are dedicated to managing expenses without compromising the quality that our guests have come to expect from us.

 “Focus on eco-friendly initiatives, energy-saving measures, and sustainable sourcing.

“Continuously looking for ways to enhance the value and utility of our assets – including thoughtful refurbishments and adaptive reuse of spaces, ensuring that our investments yield the best possible returns”.

The CEO added that, the company is committed to not only upholding but elevating the exceptional guest experiences that set them apart.

“Our strategy is to widen our portfolio, innovating and diversifying our services to drive revenue growth further whilst also focusing on operational efficiency to reinforce our position as the leader in Nigeria’s hospitality sector.

“We anticipate sharing more insights into our strategic initiatives at the upcoming AGM, where we will outline the steps we are taking to secure and extend our market leadership”, she concluded.

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