With sustained investments in its Abuja property, Capital Resort PLC (house owners of Abuja Continental Resort), has strengthened its place within the Nigerian hospitality business.
The hospitality firm’s investments in facility upgrades have additionally boosted the business with stellar service supply to visitors, amid robust efficiency.
Talking on the firm’s forty fourth Annual Basic Assembly, which was held at Abuja Continental Resort just lately, Ramesh Kansagra, chairman, Capital Resort PLC, highlighted the corporate’s robust monetary efficiency and dedication to delivering distinctive companies and experiences.
“The hospitality business in Nigeria has demonstrated outstanding resilience within the face of financial fluctuations, with a major surge in home tourism pushed by elements akin to forex fluctuations and a rising appreciation for native locations,” Kansagra, who spoke by Abdulkadir Aminu, non-executive director of the corporate, famous.
The robust efficiency is regardless of the persisting challenges, notably elevated inflation charges, which reached 34.8 p.c in early 2025. However whereas inflation is predicted to ease as the results of financial reforms take maintain, the chairman famous that it stays an element that might affect shopper spending patterns.
In line with him,Capital Resort PLC is well-positioned to capitalize on this development, with its strategic location and dedication to delivering excellent worth to its visitors.
He knowledgeable the enthusiastic shareholders that the corporate’s intensive renovation undertaking is yielding spectacular outcomes, with the entire revitalization of the Ladi Kwali Centre and the addition of a brand new Paddle Court docket.
“The continuing initiatives embody a radical revitalization of the resort’s façade, aiming to current a extra trendy and alluring exterior. We’re additionally within the strategy of modernizing our visitor rooms, making certain they’re outfitted with the newest know-how and modern designs, in addition to renovating Tower 3 to boost total visitor consolation, amongst different enhancements,” he stated.
Learn additionally: Capital Accommodations data 48% income progress in 2023
The investments, in accordance with him, is not going to solely improve the visitor expertise but additionally strengthen the resort’s market place, fostering continued profitability and rising shareholder worth.
He stated that the corporate’s give attention to delivering distinctive companies and experiences has earned it a status as a frontrunner within the hospitality business, amid a dedication to sustainability, evident within the excellent values it delivers to its visitors and stakeholders.
“The corporate’s robust monetary efficiency is a testomony to its resilience and flexibility in a dynamic market. The Board of Administrators, administration group, and employees have all performed a vital function in driving the corporate’s progress and success,” the chairman famous.
Kansagra additionally expressed his heartfelt appreciation to the corporate’s board of administrators, administration group, and employees members for his or her unwavering contributions all through the difficult yr of 2024.
In line with him, the corporate’s outlook for 2025 is optimistic, with a projected GDP progress price of 4.17 p.c and a discount within the fiscal deficit.
He reiterated the resort’s dedication to devising and implementing progressive methods that may empower the corporate to thrive inside Nigeria’s vibrant and consistently evolving financial panorama.
“The corporate’s give attention to delivering excellent worth to its visitors and stakeholders will proceed to drive its progress and success. With its robust monetary efficiency and dedication to sustainability, Capital Resort PLC is well-positioned for a vivid and affluent future,” Kansagra famous additional.
Wanting forward, the chairman stated that Nigeria’s financial panorama in 2025 is poised for notable progress, underpinned by a collection of strategic reforms and optimistic market dynamics.
He additionally assured of the corporate’s dedication to devising and implementing progressive methods that may empower it to thrive inside Nigeria’s vibrant and consistently evolving financial panorama.
“Our focus shall be on delivering excellent worth to our visitors and stakeholders by tailor-made companies and distinctive experiences. In doing so, we intention to play a significant function in bolstering the nation’s financial progress, creating job alternatives, and supporting native communities, thus making certain a helpful impression that resonates past our enterprise operations,” he concluded.
