Transcorp Hotels Plc has paid a total dividend of N717 million to its shareholders at its 8th Annual General Meeting held at Transcorp Hilton Abuja on Monday. The Chairman of the Board of Directors, Mr Emmanuel Nnorom stated that the…
Transcorp Hotels Plc launches “Aura” digital hospitality platform
Transcorp Hotels Plc., the leading hospitality Company which owns the award-winning Transcorp Hilton Abuja and Transcorp Hotels Calabar, on 8th July officially launched Aura by Transcorp Hotels at The Transcorp Hilton Abuja. Aura by Transcorp Hotels, according to a statement,…
COVID-19: Transcorp Hotels to restructure business strategy
The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue. Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize…
Transcorp records N6.7bn Profit After Tax in Q3, maintains a positive revenue outlook
Transnational Corporation of Nigeria Plc (Transcorp) Tuesday announced its financial results for the third quarter ended 30 September 2019. According to a statement by Transcorp, highlights of the result show the Group recorded a Gross revenue of N58.28bn and posted…
Transcorp Hotels fulfils post-privatisation obligations
The National Council on Privatisation (NCP) at its meeting Monday, presented Transcorp Hotels Plc with a Certificate of Discharge, indicating the company has fulfilled all privatisation conditions attached to the sale of the hotel and will no longer be subject…
Transcorp Hotels Plc retains Positive A- (NG) GCR rating
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, has retained its national scale ratings at A-(NG) and A2(NG) in the long term and…
Shareholders laud Transcorp Hotels Plc for Impressive performance, approve 15k dividend per share
The shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at…
Transcorp Hotels appoints Owen Omogiafo MD/CEO, elevates Valentine Ozigbo to President/CEO
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owners of the award-winning Transcorp Hilton Abuja and the iconic Transcorp Hotels Calabar, has appointed Owen Omogiafo Managing Director/Chief Executive Officer, while elevating Valentine Ozigbo. The…
Transcorp Hotels Plc expands 2018 HY profit by 85%
Transcorp Hotels Plc. has announced its Unaudited Financial Statements for the period ended June 30, 2018. “The company showed significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share…
Transcorp Hotels MD laments neglect of tourism sector
The Managing Director/Chief Executive Officer of Transcorp Hotels PLC, Valentine Ozigbo, has lamented the neglect of the Nigeria’s tourism sector by governments at all levels. Ozigbo revealed that this was demonstrated by the abysmal marketing of the sector by relevant…