Dupe Olusola, Managing Director and CEO of Transcorp Hotels Plc has been honoured with the Guardian Seven Wonder Women Awards for Innovative Entrepreneurship & Careers. The award was announced at the Guardian Woman Festival Dinner and Awards which was held in Lagos on Saturday, March 16, 2024. Dupe joined six other women who won in different categories to make up Guardian’s Seven Wonder Women.
This award is a testament to Dupe Olusola’s excellent track record which saw her win the Leadership CEO of the Year Award in 2023 and Seven Stars Luxury Hospitality and Lifestyle Awards CEO of the Year 2023, underscoring her exceptional leadership and contributions to the hospitality industry.
Seen as an inspiration and beacon of hope for female leadership and career excellence, Dupe Olusola earlier in the year became the first female CEO of a N1 trillion company, as Transcorp Hotels’ market capitalisation rose with its impressive share price growth, reaching N100 per share, from N6.25 in the past year.
Starting during the COVID-19 pandemic, Dupe Olusola has seen Transcorp Hotels through the worst period in its history, going from a loss position occasioned by the pandemic to impressive year-on-year performance, with revenue reaching N42.7 billion in 2023. Many have attributed the company’s excellent performances to her innovative strategies and her relentless pursuit of excellence.
Dupe Olusola’s ability to turnaround and transform businesses sets her apart in the industry. With a diversified background in Economics, Finance, Banking, and Private Equity, her expertise spans across various sectors, demonstrating her versatility and adaptability. She is now leading Transcorp Hotels Plc to unprecedented success, a testament to her exceptional leadership skills and visionary leadership style, as she continued to remain a shining light for leadership in Africa.
Transcorp Hotels has continued to expand impressively with a 5,000-seater event centre set to be launched later this year while work commences in Lagos, for the Company’s 315-room five-star property in the heart of Ikoyi. The hospitality firm has also continued to expand its footprint through its asset-light business Aura by Transcorp Hotels. Through Aura by Transcorp Hotels, guests can book homes, hotels and experiences anywhere in Nigeria.
More than 120 women were nominated for the Guardian Seven Wonder Women Award, with over 7,000 votes cast.
