Tag: Hotel

Business

Victoria Island leads Lagos hotel boom with 10 of 33 projects

Victoria Island accounts for 10 of the 33 planned hotel chain projects in Lagos’ pipeline for 2026, ranking as the highest-performing submarket in the state. This was disclosed to Nairametrics by Trevor Ward, principal of W Hospitality Group, following the release of the Hotel Chain Development Pipelines in Africa – 2026 report, which provided additional […]

Zanzibar to build first seven-star hotel in East Africa
Business

Zanzibar to build first seven-star hotel in East Africa

Zanzibar hopes to raise the bar for African hospitality by constructing a seven-star hotel. According to a Tanzanian publication, The Citizen, this is also part of its aim to strengthen tourism, its core sector. The hotel will be constructed on a tiny island. The Montuli would be the name of the ambitious seven-star deluxe hotel, […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotel, tech firms record highest returns

Transcorp Hotels Plc provided investors with a higher return on investment in terms of capital gain in 2023 when compared to other companies listed on the Nigerian Exchange Limited. According to The PUNCH, the hospitality/tourism industry began the year at N6.25 per unit and completed the year at N70.18 per share. This amounted to a […]

Nigeria has second greatest hotel investment in Africa - Report
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Nigeria has second greatest hotel investment in Africa – Report

Nigeria remains the second spot for the greatest hotel investments in Africa despite it’s escalating economic problems. According to The Times, this was discovered in a recent study by W-Hospitality Group, titled “Hotel Chain Development Pipeline Africa,” which examined data from 54 countries in Africa, including those in North Africa, sub-Saharan Africa, and the islands […]