Indigenous hoteliers dump foreign brands on high management; franchise fees

by | March 9, 2018 12:20 am

Indigenous investors in the Nigerian hospitality industry are dumping international brands over high management fees and soaring franchise charges that is making it difficult for them to refinance loans obtained from banks for the hotel projects. Despite an impressive performance of over 50 percent occupancy and 15 percent revenue growth between November and December 2017,…

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