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Nigerian hospitality industry records worst half year in history

With over N50bn losses

The once-thriving Nigerian hospitality industry has recorded the worst half-year performance in a long while. In the half year (H1) of 2020, the industry recorded the worst decline in occupancy and revenue. While occupancy rate hovered between 30 percent and 40 percent in the first quarter due to the traditional lull in business associated with…

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