₦airaland Forum

The high rate of inflation in NIgeria is taking its toll on hotels, forcing them to shut down operations, industry operators have cried out.

Hoteliers have called on the government to intervene in the industry to address the escalating cost of doing business.

In separate interviews with The PUNCH, the stakeholders noted that their challenges were confirmed by recent figures from the National Bureau of Statistics, which revealed that inflation in the restaurants and hotels division contributed 0.40 per cent to Nigeria’s headline inflation rate, which rose to 32.70 per cent in September.

The hospitality sector is hit hard by high fuel costs and erratic electricity supply, according to the President of the Nigeria Hotel Association, Dr Patrick Anyanwu, who described the situation as “unbearable”.

He stated that hoteliers’ challenges date back to 2020 but have intensified under the current administration.

He said, “You go to buy fuel, formerly you could manage fuel at N800/litre, but now it has gone up to N1,200/litre. Members are complaining about energy. Many have started closing their establishments. If somebody feels that diesel they bought at over N20,000 only gets them a handful of customers, are they not going to close up?”

Anyanwu highlighted the high cost of electricity, worsened by an inconsistent power supply from distribution companies, which leaves hoteliers paying inflated bills.

“We are not receiving sufficient electricity. The amount the Discos (power distribution companies) are sending to our members, when you assess it against the type of bills they are bringing, you will ask yourself, ‘when did you consume this?” he said.

Anyanwu called for urgent government intervention, noting, “We are still advising those in government to consider the masses. We are the ones that brought them in. We asked them to go there and represent us.”

Similarly, the President of the Nigeria Hotel and Catering Institute, Gbenga Sumonu, painted a bleak picture of the hospitality industry.

“The economy has greatly been unstable with the hyperinflation we are facing as investors today. This situation has affected all facets of operation, from high interest rates and rising material costs to exorbitant energy expenses,” he added.

https://www.google.com/amp/s/punchng.com/inflation-forcing-hotels-to-shut-down-operators-lament/%3famp

Even so many bar joints in Lagos have folded. No be when you chop belleful you go near hotel?

I said this long ago that T Pain administration is killing the hospitality industry. 50% of Hotels in Lagos are up for sale. 85% of Hotels in Owerri are up for sale.

The only Pple that mostly patronizes Hotels are Yahoo Boys.

And Yahoo Boys don broke this Period.

What if the hotels crash their prizes use solar panels to power operations in the day time, employ robots to do routine tasks like check in , room service, room cleaning etc and offer other incentives to encourage patronage.

Toh

Pathetic. Hotels only thrive in a booming economy.

If you insult tinubu because of hardship, you will be charged with treason.
Doyin Okupe 2024

kettykin:
What if the hotels crash their prizes use solar panels to power operations in the day time, employ robots to do routine tasks like check in , room service, room cleaning etc and offer other incentives to encourage patronage.

Robots and solar panels that can power huge energy consuming businesses in Nigeria? Not sure we are anywhere close to that yet. Some of these things demand a lot of logistical structures to function effortlessly.

kettykin:
What if the hotels crash their prizes use solar panels to power operations in the day time, employ robots to do routine tasks like check in , room service, room cleaning etc and offer other incentives to encourage patronage.

the solar panel na free the Robot na free dnt you know is money a solar panel that will power full hotel do you know the cost of you have nothing to contribute shut up

Tinubu is the master destroyer of Nigeria economy

K

Bulaba...... Bulaba-lububabu economic Deformation

Nigeria's Economy heading for Total Collapse

All Thanks to the Chicago graduate and a certified Drug Lord

So true! Last month here, about 3 hotels in know in Lagos have shut down operations and had put it out for lease.

Bulaba
The destroyer of Economies is at work

Chai! The country is going down daily,even hospitality industry is affected too.

We are doomed in this country.

The same hands Tinubu,buhari and co,used in entering the government,is now been seen as Treason offence.

Dollar is high,petrol is high. The same people who told Nigerians that dollar at the rate of 217 and petrol at the rate of 87 naira is high,look at Nigeria today; petrol is 1200 and dollar is exchanging at 1700+.

Nigerians are asked to keep shut,is just a matter of time,the masses will revoult against the government.

Reno Omonkey Doyin Ewukpe: Timlubu is doing very well,


HellAnus: When they were making profit before, did they give me any share? Let them enjoy the loss. Tinubu was not elected to make hotel profitable.

People still go to hotels alot. It's a business that can never fall

Why are you people pushing news that makes this government look bad.




We the youths are solidly behind our darling president.

Things are getting tougher everyday, business are been affected every moment, salary remains the same especially those in the civil service

kettykin:
What if the hotels crash their prizes use solar panels to power operations in the day time, employ robots to do routine tasks like check in , room service, room cleaning etc and offer other incentives to encourage patronage.

Yes, and sacked the little workers they have to employ robots.

Sex is not part of GDP.

This is not true please. Hotel business is booming now.

Married women don get horse now for office, no need for room

kettykin:
What if the hotels crash their prizes use solar panels to power operations in the day time, employ robots to do routine tasks like check in , room service, room cleaning etc and offer other incentives to encourage patronage.

Common be realistic. Robots for check-in

It's better they buy fans and use small gen for daytime/when there's no light. Then big gen for night or nepa

This is just the start, it will get worse.

histemple:
This is not true please. Hotel business is booming now.

Truth. I was at Intercontinental hotel V.I on Sunday for their buffet, Omo the sapa no reach that side o. People full everywhere.

Vinnie2000:
The only Pple that mostly patronizes Hotels are Yahoo Boys.

And Yahoo Boys don broke this Period.

You don't know what you're talking about.

The question remains.... Where are we headed!

kettykin:
What if the hotels crash their prizes use solar panels to power operations in the day time, employ robots to do routine tasks like check in , room service, room cleaning etc and offer other incentives to encourage patronage.

solar panel for a large hotel will be like a solar farm. And the expenses will be very huge, hundreds of millions. when will they make that back?

😎