During the tourism show Bolsa Turismo Lisboa (BTL) held in Portugal this week, Mabrian Technologies, a company specializing in Tourism Intelligence services for destinations and companies, has conducted an analysis of the level of involvement of hotel accommodations in Portugal regarding sustainability practices. Sustainability is one of the main topics at BTL this year, so Mabrian wanted to provide updated information on the country’s overall situation in this aspect. They analysed a total of 2,485 hotels across the country listed on the main OTAs (Booking, Expedia, and TripAdvisor), classifying those with published sustainability certification levels. The classification they established is based on 5 levels: no certification, bronze, silver, gold, and external certification
Nigeria's Transcorp Hotels Expands Its Hilton Operations
09.02.2024 - 11:38 / skift.com / Sean Oneill
Nigeria’s Transcorp Hotels, one of Africa’s biggest hotel players, has posted full-year 2023 results: Profit was up 133% year-over-year, and revenue gained 35.8%.
The operator and owner of the 677-room Transcorp Hilton Abuja and the 146-room Transcorp Hotels Calabar produced the highest revenue in Transcorp Hotels’ three decades of existence.
Transcorp Hotels is 11% owned by the national government and three-quarters owned by Transnational Corporation, a conglomerate that also has energy and agriculture interests.
Hilton generated $1.7 million in management fees (or 1.5% of revenue) from the operator, plus unspecified incentive fees as a percentage of profit.
The hotelier has arranged about $110 million in financing and cash with partner Heirs Holdings to build a 300-room luxury hotel in the Ikoyi district of central Lagos.
By April, the flagship Transcorp Hilton Abuja aims to open a 5,000-seater capacity event center close to the hotel. The hotel has just added a premium spa. The city’s new convention center, the 1,200-person capacity Congress Hall, is close to the property, too.
In 2021, Transcrop Hotels launched a homegrown listing marketplace for short-term apartment rentals and experiences. Entrepreneurs have posted more than 5,000 listings for short-term rentals, tours, activities, and restaurant reservations on the company’s mobile booking app, Aura.
The group has seen its stock price soar more than 1,000% in the past year and is one of the 10 largest companies by market capitalization on the national stock exchange.
“Expansion, expansion, expansion,” said Dupe Olusola, CEO and managing director. “That is the key focus for us.”
What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
Why Norse Atlantic Will Be Flying To Nigeria This Summer
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Hyatt's Inclusive Collection Expands in Mexico With First Breathless Resort & Spa Property in Puerto Vallarta
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Hyatt Hotels Expanding Destination by Hyatt Brand Into the Caribbean
There will be another Hyatt Hotel in the Caribbean by the end of this year.
We've visited 50 states and 91 countries and almost always choose hotels over Airbnbs. Here's why.
This as-told-to essay is based on a conversation with John Martin, who previously worked in the aluminum industry, and his wife Beverly, both 60, who have been traveling the United States and the world since 2019. The conversation has been edited for length and clarity.
Earn MQDs on hotel stays and rental cars when you book through Delta by the end of May
Back this year is a Delta Air Lines promotion that gives Delta SkyMiles members another path to earn Medallion Qualification Dollars toward elite status.
Another side of Cancun at the Canopy by Hilton
Coming to Cancun and not staying on the beach may seem downright nonsensical to some. But I'd argue that you really need to see and experience Canopy by Hilton Cancun La Isla before coming to that conclusion.
Hyatt Releases Upbeat Hotel Metrics, Delays Conference Call
Hyatt postponed an investor conference call scheduled for Thursday. But investors shrugged off the delay and focused on preliminary financial results.