Capital Hotel Plc, owners of Abuja Continental Hotel, recorded 128 per cent increase in revenue in 2024.
Chairman, Capital Hotel Plc, Ramesh Kansagra, said revenue rose to N17.98 billion in 2024 from N7.89 billion in 2023.
Kasangra, who was represented by a Non-Executive Director, Alhaji Abdulkadir Aminu, at the company’s 44th annual general meeting held at Abuja Continental Hotel, said the company’s strong financial performance was a testament to its resilience and adaptability in a dynamic market.
He noted that with a 128 per cent increase in revenue and a strengthened asset base, Capital Hotel is poised for continued growth and success.
According to him, the company’s investments in infrastructure and human capital are driving growth in the hospitality sector.
He said the hotel’s state-of-the-art facilities and exceptional service delivery have made it a preferred destination for MICE events.
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He said: “Capital Hotel’s focus on delivering outstanding value to its guests and stakeholders has earned it a reputation as a top player in the hospitality industry.
He explained that the firm’s commitment to excellence is evident in its attention to detail and dedication to providing exceptional services.
Kansagra lauded company’s Board of Directors, management team, and staff for they have all played crucial roles in driving the company’s growth and success.
He said the company’s outlook for 2025 is positive, with a projected GDP growth rate of 4.17% and a reduction in the fiscal deficit. Capital Hotel PLC is committed to devising and implementing innovative strategies that will empower the company to thrive within Nigeria’s vibrant and constantly evolving economic landscape.
Kansagra pointed out that the company’s focus on delivering outstanding value to its guests and stakeholders will continue to drive its growth and success. With its state-of-the-art facilities and exceptional service delivery, Capital Hotel PLC is poised for continued growth and success.
“The company’s commitment to excellence and customer satisfaction will remain its top priority. With a strong financial performance and a growing profile in the hospitality industry, Capital Hotel PLC is well-positioned for a bright and prosperous future, he posited
According to him, the e company’s investments in infrastructure and human capital are equally driving growth in the hospitality sector adding that the hotel’s state-of-the-art facilities and exceptional service delivery have made it a preferred destination for MICE events.