Nigeria's Transcorp Hotels Posts Record Profits and Expands Hilton Operations
Photo Caption: Exterior aerial photo of Transcorp Hilton Abuja, a flagship property in Nigeria. Source: Transcorp Hotels.
Skift Take
Nigeria has the largest economy in Africa, and perhaps its most prominent hospitality player is Transcorp Hotels. While relatively small, the brand is watched with interest because of its expansion plans.
Nigeria’s Transcorp Hotels, one of Africa's biggest hotel players, has posted full-year 2023 results: Profit was up 133% year-over-year, and revenue gained 35.8%.
The operator and owner of the 677-room Transcorp Hilton Abuja and the 146-room Transcorp Hotels Calabar produced the highest revenue in Transcorp Hotels' three decades of existence.
