Convid-19 Pandemic: Trancorp Hotels Thrived On Critical, Fundamental Decision To Keep Operations — MD/CEO

The Managing Director (MD)/Chief Executive Officer (CEO), Transcorp Hotels Plc, Mrs. Dupe Olusola, has said that, the organisation took some critical and fundamental decisions to remain resilient during the Covid-19 pandemic and this has kept its hospitality businesses thriving.

Mrs. Olusola made this known on Wednesday when Transcorp Hotels leveraged the platform of Nigerian Exchange (NGX) Limited to present its Facts Behind the Figures to capital market stakeholders.

According to her, “Despite the adverse effect of the COVID 19 pandemic on all our business segment, Transcorp Hotels Plc remained resilient and took a critical and fundamental decision to remain open and maintain operations at both the Transcorp Hilton Abuja and Transcorp Hotels Calabar. Our primary goal was to survive as individuals and as a business, to adapt and to thrive in a new, changing, and unprecedented environment. Post COVID 19 starting from September, we recorded an improvement in all our KPIs as compared with the Industry performance. Today, leisure has become very important to us more than ever. As a hospitality business, we will constantly continue to challenge ourselves to ensure that we meet the diverse customer needs and provide excellent experience across all touchpoints.”

Mrs. Olusola and her team were hosted by the Divisional Head, Listings Business, NGX, Mr. Olumide Bolumole, and were also given the honour of sounding the virtual Closing Gong.

Speaking at the event earlier, Mr. Bolumole stated, “Recently, NGX hosted the CEO, Transcorp Hotels Plc, Mrs. Dupe Olusola to a digital Closing Gong Ceremony to commemorate the formal listing of their ₦10Billion rights issue. We are pleased that Transcorp Hotels has again chosen to utilise our platform to engage the market about the financial performance as well as strategic and operational developments within the organization. The Exchange recognizes the efforts made by the Board and Management of Transcorp Hotels Plc towards achieving business continuity by enhancing the organization’s operational efficiency. We congratulate you on the successful unveiling of new product lines and efforts towards repositioning the organization, thereby reassuring investor confidence in the company.”

Post Author: Friday Ekeoba