Transcorp Hilton Abuja Scoops 3 Prestigious Awards

Transcorp Hilton Abuja
31 October 2023

Transcorp Hilton Abuja, the flagship property of Transcorp Hotels PLC is delighted to announce its remarkable success at the 2023 Seven Stars Luxury Hospitality and Lifestyle Awards and the Luxury Hotel Awards. In a single night, the hotel secured three prestigious accolades, cementing its reputation as a beacon of excellence in the hospitality industry. The events were held on Saturday, October 28, 2023, in Greece.

On a night of elegance and grandeur which marked the 11th Anniversary of the Seven Stars Luxury Hospitality and Lifestyle Awards, Transcorp Hilton Abuja was announced as the Best Luxury Hotel Nigeria and Best Luxury Business Hotel – Africa, acknowledging the hotel’s dedication to delivering luxury experiences across all its touch points. To crown the night, Managing Director/CEO of Transcorp Hotels PLC, Dupe Olusola won the award for the CEO of the year, in honour of her visionary leadership which has continued to propel the hospitality brand to extraordinary heights.

Transcorp Hilton Abuja
Dupe Olusola, Managing Director/CEO of Transcorp Hotels PLC

Similarly, at the World Luxury Hotels Awards gala which was also held in Greece on October 28, Transcorp Hilton Abuja won the 2023 Luxury Business Hotel – Africa award, further reinforcing the hotel’s unwavering commitment to providing a top-tier experience for business travelers in Africa.

Dupe Olusola, Managing Director/CEO of Transcorp Hotels PLC, expressed her gratitude: “These awards are a testament to our unwavering commitment to excellence. We constantly strive to create unforgettable experiences for our guests, and this recognition only fuels our determination to exceed their expectations. “It’s a moment of immense pride for our entire team, who work tirelessly to make Transcorp Hilton Abuja a true luxury oasis.”

Transcorp Hotels PLC is one of Africa’s leading hospitality companies, committed to redefining hospitality standards. Transcorp Hotels is the hospitality subsidiary of Transnational Corporation Plc (Transcorp). The Company’s hotels include the award-winning Transcorp Hilton Abuja and Transcorp Hotels Calabar. It also owns Aura by Transcorp Hotels, an online platform for booking homes, hotels and memorable lifestyle experiences.

In a related development, Transcorp Hotels PLC announced its financial performance for the third quarter of 2023, showing a strong year-on-year growth on all indices.

The leading hospitality brand sustained strong growth, recording 31.76% growth in revenue to N29.9bn from N22.7bn the previous year, and significantly higher than pre-COVID performance. Profit also grew by 62% to N5.5bn from from N3.4bn. The results reflect the company’s commitment to delivering exceptional value to its stakeholders and sustaining its growth momentum.


  • Revenue for the period ended September 30, 2023, was 9bn, compared to N22.7bn in September 30, 2022, signifying a 31.76% increase.
  • Profit grew by 62% to 5bn, from N3.4bn by the end of September 2022.
  • Average Daily Rate (ADR) increased by 38% to N134,739 from N99,390 during the same period in 2022.
  • Revenue per Available Room (REVPAR) grew to N106,244 by the end of September 2023 from N77,428 at the end of September 2022, a 34%

Commenting on the results, Dupe Olusola, Managing Director/CEO of Transcorp Hotels PLC said “This consistent financial upswing reinforces our dedication to excellence and resilience in the face of economic challenges. We have remained nimble, adapting quickly to meet the dynamic preferences of our guests”.

According to Olusola, the Company continued to experience strong performance in its International Business Travel segment, as it took advantage of renewed investor confidence in the Nigerian economy as a new government resumed office.

Transcorp Hotels PLC also continues to maintain its strong leisure business, setting the pace with excellence in the delivery of both business and leisure offerings, as the importance of the Bleisure segment expands in the industry.

Subscribe to our Newsletter

Scroll to Top
Scroll to Top