The Christmas season is fast approaching and that also means a great season for the hospitality sector.
Apparently, Nigerians and foreigners will visit places and loved ones to celebrate Christmas in Nigeria. If you are one of them, you will be wondering about the best hotels in Nigeria to lodge in. Do not worry, this piece will help you out with that.
It does not matter if you are looking for a place to stay during a business trip or just a nice vacation for the season.
Transcorp Hotel is currently the best hotel in Nigeria. The hotel was established in 1987 and went through different ownerships before it was finally named Transcorp Hilton in 2014. The hotel is located in Abuja, Nigeria’s capital, and its sister hotel is located in Calabar, the capital of Cross River State.
Transcorp Hilton has a total of 670 rooms and suites, making it one of the largest hospitality services in sub-Saharan Africa. The hotel has a wide range of services like restaurants, bars, conference rooms, congress halls, swimming pools, badminton, casinos, lounges, etc. You can book a room for as low as N95,000 and enjoy the luxury services the hotel has to offer. Transcorp Hilton has been rated 4.6 by Tripadvisor.com.
The Group is principally engaged in hospitality activities; rendering of hotel services by providing luxury accommodation, exotic cuisines, fully equipped meeting rooms and leisure facilities to business travellers and tourists from all over the world.
Transcorp Hotels Plc (the Company or the parent) was incorporated under the Companies and Allied Matters Act on July 12, 1994 as a private limited liability Company and is domiciled in Nigeria. Following a successful Initial Public Offer (IPO), the Company was in January 2015 listed on the Nigerian Exchange Group (formerly Nigerian Stock Exchange) and its shares are publicly traded.
This hotel will take care of your needs and ensure you have a comfortable stay. The only question is: can you afford its services? Oh yes, the prices are on the high side but trust me, they are all worth it.
Transcorp Hotels Plc, is the hospitality subsidiary of Transcorp Group. The hotel recently published its financial results for the first half (H1) of 2023. In the review half-year ended June 30, the leading hospitality brand achieved a significant increase in both top and bottom-line figures.
Transcorp Hotels’ primary focus has always been to create exceptional experiences for its guests, and its remarkable financial results reflect the hard work and dedication of our entire team. Transcorp remains committed to innovation and service excellence, continually raising the bar to redefine the hospitality landscape in Africa.
Managed by the delectable Dupe Olusola, its Managing Director/CEO, Transcorp Hotels Plc, has experienced an impressive growth, due to its commitment to delivering value consistently to all stakeholders, and these achievements further bolster the company’s position as a market leader and a symbol of excellence in the Nigerian hospitality industry.
Infact, the company has continued to expand its business, launching Aura by Transcorp Hotels 2.0, its refreshed online platform for booking homes, hotels, and experiences. Through the platform, Transcorp Hotels now has more than 5,000 rooms under management.
The company is also developing a world-class 5,000-capacity Convention Centre at the premises of Transcorp Hilton Abuja which will further position the hotel to host both local and international conferences. In Lagos, Nigeria’s commercial capital, Transcorp Hotels Plc is working on development of a new 315-room 5-star hotel facility which would deliver upscale hospitality to clients in the region.
Heirs Holdings Limited owns 42percent of the ordinary shares of Transcorp Hotels Ikoyi Limited (2022: 42percent).
Transnational Corporation Plc and Heirs Holdings Limited own 20percent each of the ordinary shares of Aura by Transcorp Hotels Limited (2022: same).
Information has it that Transcorp Hotels Plc unaudited consolidated and separate financial statements for the period ended June 30, shows that its revenue increased by 27percent to N18.98 billion in H1’23 from N14.99 billion recorded in the same period of 2022.
The company’s profit before tax (PBT) also witnessed an impressive upturn by 49percent, reaching N3.53 billion compared to N2.37 billion in H1 2022.
Its profit after tax (PAT) stood higher at N2.461billion in H1’23 as against N1.691billion in H1’22. Also, in the half year (H1) period of 2023, Transcorp Hotels Plc basic earnings per share (BEPS) increased to 24kobo from 17kobo in H1’22.
Indeed, Transcorp Hotels Plc is one of Africa’s leading hospitality companies, committed to redefining hospitality standards.
Olamide Adeniji is a member of the editorial team of TheScript Newspapers
