By Stephen Ubanna
In spite of the fact that many Hotels in the nation’s Hospitality sector are witnessing low patronage because of the downturn in the global economy, the situation appears to have different in Transcorp Hotels, a subsidiary of Transcorp Group.
According to informed sources, the Transcorp Group, is one of Nigeria’s largest conglomerates which operates which operates Hotels of international standard like Transcorp Hilton, Abuja, Federal Capital Territory, FCT, and Transcorp Hotel, Calabar, Cross river state.
The Value News online Magazine findings shows that the operator and owner of the 677-room Transcorp Hilton, at the FCT and 146-room Transcorp Hotels in Calabar, had continued over the years to produce the highest revest in the country’s Hospitality sector and the African Continent in general.
Mrs. Dupe Olusola, immediate past Managing Director and Chief Executive Officer, CEO, of Transorp Hotels, who had been succeed by Mrs. Uzo Oshogwe, on January 1, 2025, may have set the stage to improve on its yearly revenue generation with the enhanced use of its digital platform Aura, which Entertainment analysts had said is revolutionizing how the Hotel operators drive bookings, engage with guests and generate revenue.
There is no gain saying the fact that Hotel operators over the years had focused in upgrading its technology to enrich the guest experience, offering countless services and other personalized services that cater to the unique preferences of visitors, both local and foreign while ensuring that’’ the services are not just cutting-edge but so deeply personal’’.
While other Hospitality Companies revenue appears have significantly dropped in the first Half of 2025, Transcorp Hotels plc, had posted a gross profit of N36.21 billion, in its unaudited results as at June 30, 2025, compared to the N21.19 billion that was said to have been generated in the first half of 2024, meaning that Mrs. Oshogwe, had used his 30 years of professional experience both in UBA plc , a Pan African Bank and other Organizations at leadership positions currently as the CEO. Of Afriland Properties Ltd, to run Transcorp Hotels, and position it on the path of improved revenue generation.
Many believes that her expertise aligns perfectly with the Trancorp Hotels vision ‘’to create and deliver excellence in the nation’s Hospitality industry’’. The notable growth of 76% in gross revenue profit in the Transcorp Hotel operations in the first half of 2025, an insider had said had been achieved despite’’ the country’s challenging microeconomic environment marked by rising inflation and increased operating costs’’.
Given the impressive revenue generation of the Transcorp Group subsidiary in the nation’s Hospitality industry, may have informed why the Company Board of Directors have taken the bold initiative to approve an interim dividend of N1,024,252,841.10 at 0.10 for every 50 Kobo ordinary share for the shareholders. The approved dividend, the Value News online Magazine was informed is subject ‘’to withholding tax’’, also known as tax retention, pay as -you earn tax paid to the Federal Government by the payer of the income rather than by the recipient of the income. Putting in a layman’s language, ‘’the tax is withheld or deducted from the income due to the recipient’’.
Emmanuel Nnorom, Transcorp Hotels Chairman, who could not hide his feelings over the impressive performance of the hospitality subsidiary of Transcorp Group, had said that this has ‘’ validated the company’s transformative strategies with a laser focus on operational efficiency’’.
The Transcorp Hotels Chairman, was said to have further stated that the impressive performance of the company in the first half of the 2025, fiscal year ‘’affirms the Organization’s steadfast dedication to delivering investor returns and signals its profound confidence in the Hotel operations , noting that in moving forward the Board members are confident in the Hotels’ ability ‘’to consistently raise the bar for the industry, thus fulfilling its mission to redefine hospitality in Africa’’.
Oshogwe, Transcorp Hotels may have taken advantage of the impressive performance of the hospitality company of the Transcorp Group, under her leadership to speak out. The Transcorp Hotels, CEO, had said that ‘’the exceptional performance ‘’reflects the company’s relentless execution of growth-focused agenda’’.
She was said to have further stated that that ‘’the results reflect the resilience of the company’s business model and the dedication of the new Management Team, under her Leadership. The former UBA plc, top Management staff had said that in building on the foundation of the company’s iconic assets, the Transcorp Hilton, Abuja and the company’s new 5,000-seater capacity Trancorp center, it is not just leading in the African hospitality industry but redefining excellence across the Continent.
Putting on the garb of an experienced administrator, she was said to have declared that the will ‘’sustain the momentum of improved performance, stating’ describing it as a reflection of their commitment ‘’to innovation, operational efficiency, and value creation for all shareholders’’. Vintage Oshogwe.
