Transcorp Hotels Records 49% Revenue Growth in Q3 2025, Driven by Nigeria's Hospitality Sector Recovery

Transcorp Hotels PLC has announced a remarkable 49% growth in revenue for the third quarter of 2025, totaling N22.4 billion compared to N14.8 billion in the same period in 2024. The surge in revenue, attributed to a sustained recovery in Nigeria's hospitality sector, was highlighted in the unaudited financial results released on the Nigerian Exchange (NGX).

The company's performance was boosted by higher occupancy rates, improved room prices, and robust operations across its hospitality and event business in Abuja and Lagos. Dupe Olusola, the Managing Director and CEO, emphasized the company's resilient strategy, innovation, and focus on service delivery to maintain its growth trajectory.

Transcorp Hotels aims to continue expanding and deepening its footprint in Africa's evolving hospitality landscape.