Despite Harsh Operating Environment, Hospitality Business Booms As Transcorp, Capital Hotel Post N4.5bn Profit

Despite the harsh operating environment, which has led to the closure of many businesses, the hospitality business is still booming based on the third-quarter financial performance of some hotel companies.

The year 2023 has been a hard time for most businesses hit by the naira redesign policy of ex-President Muhammadu Buhari’s government and the fuel subsidy removal which induced hardship for businesses and individuals alike.