Financial Report Analysis for a Hotel Business in Nigeria. Case Study: Ikeja Hotel PLC.

Emmanuel Nnabuife Okocha

Bachelor's thesis

Abstract:

Hospitality is described as the act of welcoming and attending to the basic needs of customers or strangers, primarily in the areas of food, drink, and lodging. It describes the relationship between a visitor and a host, as well as being hospitable. All over the world, hospitality opens opportunities to people and brings sustainable prosperity to entire communities through acquiring new skills, education, and investment. Hospitality establishments include hotels that provide accommodation for customers and restaurants that prepare meals, snacks, or drinks for immediate consumption. This thesis will examine the financial statements of Transcorp Hotel Plc from 2013 to 2020 year end. It will highlight the challenges faced by hotels during a pandemic, and how hotel businesses generate revenue for the government. Secondary data was obtained from Transcorp Hotel Plc official website covering a period of eight (8) years from 2013 to 2020. The data were validated and reliable as it has been audited and approved, certified and published for the general public usage. Findings from the study shows that the financial position of Transcorp Hotel Plc prior and during the COVID-19 pandemic is very poor. However, I want to believe that there is still a good future for Transcorp Hotel to be financially stable. With proper management and strategic goals, the hotel can surely bounce back irrespective of the ongoing pandemic.

Keywords

Financial Reports, Industry, Economy, Hospitality, Hotel, Nigeria

Language used: English

Date on which the thesis was submitted / produced: 9. 3. 2022

Thesis defence

• Supervisor: Ing. Jiří Mach, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration