The Elegant Luxury Apartment was formally opened in Abeokuta, the Ogun State capital on Saturday, January 16, 2021.
Speaking during the official opening ceremony of the apartment, the Chief Executive Officer of Elegant Luxury Apartment, Abiola Ogundeko said his management decided to go into hospitality and tourism industry “because the Industry is growing very rapidly and contributing nearly 10% of the world’s GDP”.
He said “Let me use this medium to inform us that, globally, travel and tourism’s direct contribution to GDP was approximately 2.9 trillion U.S. dollars in 2019. When looking at countries that directly contributed the most to global GDP the United States’ travel and tourism industry contributed the largest sum at 580.7 billion U.S. dollars. Meanwhile, in a ranking of the countries with the highest share of GDP from travel and tourism the city and special administrative region of Macau generated the highest share of GDP through direct travel and tourism of any economy worldwide”.
“Travel, Hospitality and Tourism remain one of the key growth drivers of the economy in Africa, contributing 8.5 per cent of the GDP in 2018, equivalent to $194.2 billion. Additionally, leisure travel remains an important component of Africa’s tourism industry, taking up a majority 71 per cent of the tourist expenditure in 2018. In 2017, tourism statistics reflected a growth of 140.2% from 2016. In 2017, according to the National Bureau of Statistics (NBS), tourism accounted for 34% of Nigeria’s GDP and 20% of the country’s employment creation”.
He added “Distinguished invited guests and gentlemen of the press, permit me to humbly present to us, the Elegant Luxury Apartment which is located here at Olu-nla Housing Estate, Masaba Street, Off, Ita-Oshin Round About, Ita-Oshin, Abeokuta, Ogun State, Nigeria. The Elegant Luxury Apartment is fully equipped with the neccessary social ammenties and facilities such as Mordern Rooms; Well Furnished Interiors, Fully-Kitted Kitchen, Free Wi-fi, CCTV Surveillance, 24-hours Reception, Regular House-keeping, Quiet & Safe abode and Attrative relaxation center”.
Ogundeko said “The vision of Elegant Luxury Apartment to go into hospitality and tourism industry was conceived in 2018 by the Chairman, Abdul-Rasheed Idowu Ogundeko, a Nigerian-American serial entrepreneur and business enthusiast with a vision of adding value to the industry, by creating value chain of business and job opportunities for young Nigerians and to render services that meet global best practice with highly trained and skilled management and members of staff in the area of quality assurance”.