CEO Dupe Olusola Tells Why Transcorp Hotels Will Keep Posting Record-Breaking Earnings

Dupe Olusola, the Chief Executive Officer of Transccorp Hotels Plc, the listed hospitality brand that just posted record-breaking earnings has revealed why the winning streak will continue.

Transcorp Hotels in its first full-year audited results filed with the Nigerian Exchange (NGX), Transcorp Hotels reported a record-breaking revenue of N41.5billionin 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.

The Chief Executive Officer of the “Company” that takes pride in the ownership of Africa’s leading digital platform connecting travelers to unique accommodation, great food, and memorable experiences – Aura by Transcorp Hotels shared why the astounding performance as a top earner will continue on Friday, April 19, 2024.

Sharing forward-looking strategies that will sustain its record-breaking earnings, Olusola disclosed that the subsidiary of Transnational Corporation Plc (Transcorp Group) will leverage enhanced use of the digital platform, Aura by Transcorp which is revolutionizing bookings, engagements with guests, income generations, and related activities.

“This technology underscores our commitment to growth and adaptability in the digital age” the Chief Executive Officer stated.

Information at hand revealed that Aura by Transcorp offers 4,000 rooms across 88 Hotels and 490 apartments with a wide range of accommodation and experience options for guests.

Adding to the list of operations boosters, the helmswoman of the hospitality brand focused on eco-friendly initiatives, energy-saving measures, and sustainable sourcing revealed that it is upgrading technology to enrich guests experience, offering contactless services and personalized offerings that cater to the unique preferences of each visitor – ensuring services are not just cutting-edge but also deeply personal.

Included in the forward-looking strategies, according to the Chief Executive Officer of the Company awarded “Best Luxury Hotel in Nigeria 2023, Seven Stars Luxury -Hospitality & Lifestyle Awards”, “Outstanding Hospitality Brand of the Year, Brand Communicator Awards 2023” and “World Luxury Hotel Award, 2023 Luxury Business Hotel – Africa”, is strategic sourcing and operational efficiency which are key to cost optimization efforts, however pointing out that “we are dedicated to managing expenses without compromising the quality that our guests have come to expect from us.”

Added information has it that, not left out of the intentional efforts of the “home away from home” with Transcorp Hilton Abuja as flagship brand is “continuously looking for ways to enhance the value and utility of assets – including thoughtful refurbishments and adaptive reuse of spaces, ensuring that investments yield the best possible returns.”

Known for unrelentingly setting the standard for luxury hospitality and culinary excellence, Transcorp Hilton Abuja parades 670 rooms, 20 meeting rooms, and 7 restaurants and has cemented its position as one of the largest hotels in Sub-Saharan Africa, offering a unique blend of hospitality and lifestyle experiences that resonate with both business and leisure travelers seeking exceptional service and memorable moments.

Chief Executive Officer Dupe Olusola shared the forward-looking strategies for Transcorp Hotels Plc at the Analysts and Investors Conference.