By Aduragbemi Omiyale
The efforts being made by the board and management of Transcorp Hotels Plc to boost investor confidence in the company have been applauded.
On Wednesday, the Managing Director of Transcorp Hotels, Mrs Dupe Olusola, led the company to the Nigerian Exchange (NGX) Limited to speak to the market on the activities of the organisation and how it has been able to navigate the recent harsh times caused by the global health pandemic, COVID-19.
The Divisional Head of Listings Business at the NGX, Mr Olumide Bolumole, while speaking at the event, praised the team for choosing the exchange to relate with its stakeholders.
“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 organisation.
“The exchange recognises 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 organisation, thereby reassuring investor confidence in the company.”
In her remarks, Mrs Olusola, who was honoured with sounding the virtual closing gong, noted that, “Despite the adverse effect of the COVID 19 pandemic on our entire 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.”
