The Transcorp Hilton Hotels Plc Wednesday held its Facts Behind the Figures to investors and other stakeholders at the Nigerian Exchange Group (NGX), presenting its strategic and operational development, as well as its financial performance, which was impressive as well as positive in Q1 2021, ending with a revenue of N3.98 billion.
The Transcorp’s “Facts Behind the Figures” is an opportunity for the management of the company to brief the investing public on its activities.
Speaking at the session which was hosted virtually by the NGX, MD/CEO Dupe Olusola expressed pride at the company’s strong ties with the Exchange.
It is always an honor to be invited by The Exchange to deepen public interest and knowledge about Transcorp Hotels Plc.
We are grateful for the unrelenting market support of our business,” she stated
“Our Q1 2021 performance was quite impressive with a total revenue of N3.8bllion which is above budget by 21per cent (N3.15bn). This impressive performance was driven majorly by our intensive drive for Leisure & 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 & Events activities from major companies and parastatals,” the Transcorp Hotels Plc MD/CEO added.
Speaking about the company’s plan as it continues to aim for incremental growth following the impact of COVID-19, Olusola said the company will continue to invest in new businesses and asset-light initiatives that leverage technology to increase our footprint across Africa.”
The company recently launched Aura, a digital platform for booking quality accommodation, great food and exciting experiences. It also recently commissioned a purpose-built co-working space at Transcorp Hilton Abuja, which is called Workspace by Transcorp Hotels.
According to the company, there are plans to expand this to other locations.
Transcorp Hotels is also developing a 3,000-capacity Event Centre at the Transcorp Hilton Abuja, which will cater to existing demand for suitable venues to host medium to large scale events such as trade fairs, concerts, weddings, and religious programmes.