Essay: Lack of ownership

Sample Essay – Lack of ownership

Lack of ownership of guidelines, strategies and agreements among partners in the hotel industry in Nigeria has continued to negatively impact the overall performance of the hotels in the West African country, leading to the continued degradation of the industry. In England, the public has some shares in most of the hotels. Compared to Nigeria, the high level of transparency in England has contributed to the excellent standards of high-class hotels and the high-quality leadership styles in the country.

Even though most Nigerian high-performing hotels are privately owned, their performance remains high-class. The good management of hotels in some of the high-class hotels in Nigeria could be attributed to foreign ownership.

Hotels such as the Serena Hotel and Hilton Hotel in Nigeria have major management in other foreign-based countries. Such hotels, which have their head offices in European countries, normally perform much better due to the high standards that are enhanced due to the need for the management to enhance their reputation worldwide.

Management is sometimes rotational as managers shift from one country to another. Such ownership and management strategies have led to some of Nigeria’s hotels performing much better in the industry.

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