Travel/Tourism
H1 2026: Transcorp Hotels Consolidates Growth, Reports N13.7bn PBT
By Modupe Gbadeyanka
The hospitality subsidiary of Transnational Corporation (Transcorp Group), Transcorp Hotels Plc, has posted its unaudited results for the second quarter ended June 30, 2026.
In the results submitted to the Nigerian Exchange (NGX) Limited, it was shown that the performance for the period was driven by disciplined cost management and continued operational excellence despite moderated revenue, with post-tax profit rising by 21 per cent to N10.5 billion from N8.7 billion in the same period of 2025.
However, due to softer market demand in its International Business segment, revenue for the period moderated to N44.4 billion from N46.9 billion in Q2 2025, though Operating Expense Margin improved by 3 percentage points, demonstrating continued operational efficiency and prudent cost management.
These results validate Transcorp Hotels’ resilience and focus on operational excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.
Commenting on the results, the chief executive of Transcorp Hotels, Ms Uzoamaka Oshogwe, said, “Our Q2 2026 performance reflects the resilience of our business and the disciplined execution of our strategy in a dynamic operating environment.
“While market conditions remained challenging, we continued to deliver strong profitability by staying focused on operational excellence, commercial agility, and creating exceptional experiences for our guests.
“We remain committed to strengthening our market leadership, investing strategically in our business, and delivering sustainable long-term value for our shareholders.”
Also, the Chief Finance Officer of Transcorp Hotels, Oluwatobiloba Ojediran, said, “Our disciplined approach to cost management, revenue optimisation, and operational execution delivered a 12 per cent increase in Profit Before Tax to N13.7 billion, alongside a 21 per cent growth in Profit After Tax to N10.5 billion, compared with N8.7 billion in the corresponding period last year.
“These strong financial results reinforce the resilience of our business, provide a solid platform for sustainable growth, and position us to continue investing strategically while delivering long-term value for our shareholders.”
Beyond the numbers, Transcorp Hotels continues to strengthen its portfolio of iconic assets. Transcorp Hilton Abuja remains one of the company’s flagship properties, while Transcorp Centre, one of West Africa’s largest purpose-built event and conference venues, is fast becoming a landmark for business, tourism, and world-class events in Nigeria.
Since its launch, the venue has hosted several landmark gatherings, further cementing its position as a premier venue for high-profile corporate and social gatherings.
By Adedapo Adesanya
The Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggage.
The Director of Public Affairs and Consumer Protection for NCAA, Mr Michael Achimugu, disclosed this at a stakeholder engagement forum in Lagos on Tuesday.
Mr Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Mr Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The aviation agency said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
From free date changes to industry-first comprehensive travel insurance, Emirates continues to give customers greater flexibility and more choice, as well as the ability to tailor their travel plans for more peace of mind, from booking to the moment they arrive at their destination.
Here are the latest measures at a glance:
1. Unlimited free date changes to Dubai
From 10 August 2026, customers travelling to Dubai can change their travel dates as many times as they need, free of charge, across every type of fare. Unlimited, free of charge changes run across Saver all the way through to Flex fares in Economy, and for Special, Saver and Flex fares in Business Class.*
Economy Flex Plus, Premium Economy, Business Flex Plus and First Class fares continue to remain fully flexible.
2. Refunds, at a fraction of the cost
Emirates has also substantially reduced refund fees on flights to Dubai to US$50 on Saver fares and US$25 on Flex fares in Economy. In Business Class, refund fees will be US$50 on Special and Saver fares and US$25 on Flex fares.** Together with unlimited free date changes to Dubai, this latest measure means customers can adjust or step away from a booking with minimal penalties, whatever their circumstances.
3. A free date change anywhere across the network
Customers travelling anywhere on the Emirates network receive one free date change on tickets booked from 2 April 2026, including journeys connecting through Dubai. Customers can also hold a fare for 24 hours at no charge while they finalise their plans.*
4. Comprehensive Travel Cover
Emirates’ Comprehensive Travel Cover is an industry-first insurance product covering a range of scenarios, including added conflict cover with reimbursement of medical expenses up to US$25,000 and a free trip extension of up to 30 days. The cover is not restricted by government travel advice. Customers are also covered for trip cancellation, baggage delay and loss, in addition to unlimited worldwide medical expenses and emergency evacuation.
Available at an accessible premium and across 27 countries, the cover can be purchased at the time of booking on emirates.com or added to an existing booking through Manage Booking.
Where flights are disrupted, Emirates will support impacted customers with accommodation directly. Where onward connections on other airlines are affected, or Emirates services are unavailable, customers are rebooked to their destination at no additional cost, including where cancellations are caused by airspace disruptions.
5. More flexibility and savings for Emirates Skywards members
Emirates Skywards members can get more from their journeys, with greater flexibility, more opportunities to progress their tier and additional savings when using their Miles.
Until 31 August 2026, members can benefit from:
- 20% fewer Tier Miles required to reach Silver, Gold and Platinum status.
- 20% bonus Tier Miles on Emirates and flydubai flights.
- More savings with Cash+Miles, with a special rate of 2,000 Miles = USD 30, instead of the usual USD 15, when using Miles towards Emirates or flydubai flights, excess baggage, lounge access and seat selection.
* An applicable fare difference may apply.
** No show fees remain unchanged.
By Adedapo Adesanya
The Nigeria Civil Aviation Authority (NCAA) has appealed to aviation unions to suspend their ongoing industrial action and exercise restraint as efforts continue to resolve the dispute.
In a statement, the NCAA said it was aware of the impact of the industrial action on passengers and other stakeholders in the aviation sector.
The authority urged the unions to “sheathe their swords” pending the return of the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, who it said had been actively working towards resolving the issues.
According to the NCAA, the matter was expected to be addressed at a meeting convened by the minister last week, but the meeting could not take place after airline operators failed to honour the invitation.
The NCAA assured passengers that flight safety remains uncompromised, stressing that it continues to carry out its statutory safety oversight responsibilities.
The authority called on all parties to embrace dialogue and cooperation, expressing confidence that the dispute would be resolved shortly and normal flight operations restored as soon as practicable.
“We appeal to all parties to embrace dialogue and cooperation. We are confident that the matter will be resolved shortly and normal flight operations will resume as soon as practicable,” the statement signed by the NCAA Director-General, Captain Chris Ona Najomo, said.
The NCAA also apologised to passengers for the inconvenience caused by the industrial action and thanked them for their patience and understanding.
