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2021 Half Year Results - Positive News for Transcorp Hotels Plc as Revenue
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Published 6 May 2021
Transcorp Hotels Plc expects its 2021 revenue to jump by 67.49 per cent to N17bn as it recovers from the impact of the COVID-19 pandemic on the hospitality industry.
The company disclosed this on Wednesday during its ‘Facts Behind the Figures’ presentation to capital market stakeholders through the platform of the Nigerian Exchange Limited.
Last year, Transcorp Hotels’ revenue plunged by 50 per cent to N10bn from a record high of N20bn in 2019 as occupancy dropped to as low as five per cent in April 2020 on the back of the impact of the COVID-19 pandemic, according to the presentation.