Transcorp Hotels Plc has begun an expansionary model as one of its strategic priorities for 2025, that includes reinforcing market leadership, enhancing operational efficiency, and delivering exceptional guest experiences.

The hospitality company hopes to leverage the anticipated economic recovery in Nigeria to capitalise on increased consumer spending and tourism inflows in 2025.

Chairman, board of directors of Transcorp Hotels Plc Emmanuel Nnorom said the company is hoping to add some more rooms to the hotel in Abuja. He said the 670 rooms in Transcorp Abuja, with occupancy of about 84 per cent on average – sometimes 100 per cent – is not enough for its increasing rate of customers. “So we want to do more, because the hotel is hoping to host a lot of events, especially some major events by June, which has never been hosted by Nigeria,” the chairman stated on the sideline of the 2024 annual general meeting of the group in Abuja.

“Our continued investment in expanding our portfolio, particularly the Transcorp Events Centre in Abuja and advancements on the Ikoyi Hotel project, will strengthen our position as a leader in Nigeria’s hospitality industry.

“Our operational focus will also prioritize cost optimisation and service innovation, ensuring we remain competitive in an evolving market. By aligning with the global best practices and integrating sustainable approaches into our operations, Transcorp Hotels Plc. is well-positioned to deliver long-term value to stakeholders,” Nnorom stated.