Transcorp Hotels Hard Hit By COVID-19:

0 9
Subscribe to our newsletter
  • To restructure business strategy;
  • To diversify into asset-light business models;
  • To reduce workforce.

The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue. Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize its operations.

 

 

 

The management of Transcorp Hotels Plc has announced that it will be taking steps to ensure business continuity in the wake of the losses recorded due to the COVID-19 pandemic. To this end, the hotelier is diversifying its portfolio and reducing its workforce as part of its cost management initiatives.

 

 

Subscribe to our newsletter

 

Leave a Reply

%d bloggers like this: