Nigeria’s publicly listed hospitality companies recorded a strong rebound in earnings, with combined revenues surging by nearly per cent year-on-year, driven by higher room occupancy and food and beverage consumption during the period.
An analysis of financial statements from major hotel groups such as Transcorp Hotels Plc and Ikeja Hotel Plc shows that revenue growth was largely supported by sustained demand from corporate clients, conferences, and tourism-related activities amid an improving macroeconomic environment.
Transcorp Hotels P
