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Wed, 09 Jul 2025 16:21:15 -0700
whiteguyinchina from private IP, post #17722035
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An Asia hotel mogul has run a luxury chain for decades. He says hospitality is the worst industry to be in.

https://www.businessinsider.com/asia-hotel-mogul-hospitality-worst-industry-to-be-in-2025-7


This one surprised me. This guy is actually a mogul.  Banyan tree hotels are super nice.

I ws expecting some retired accountant getting an Airbnb in  village in Calabria italy and regretting the decision because there is no one in the village below
age of 75


Wed, 09 Jul 2025 19:17:44 -0700
marlon from private IP
Reply #13781397

An Asia hotel mogul has run a luxury chain for decades. He says hospitality is the worst industry to be in.
By Kwan Wei Kevin Tan
Kwon Ping Ho, founder and executive chair of Banyan Group, standing in a tennis court.
Kwon Ping Ho, the founder of Banyan Group, said the hospitality industry is not only "management intensive" but also "vulnerable to event risk." Singapore
Institute of Directors
Jul 8, 2025, 11:13 PM ET
 
Kwon Ping Ho, 72, is the founder and executive chair of luxury hotel chain Banyan Group.
Ho opened his first resort in 1994. His company operates over 90 hotels and resorts worldwide.
The journalist-turned-hotelier told BI that "the worst business to be in is hospitality."
Kwon Ping Ho, the founder and executive chair of Banyan Group, has worked in the hospitality industry for over three decades.


It can be grueling, the 72-year-old told Business Insider.

"The worst business to be in is hospitality," he said, on the sidelines of the International Conference on Cohesive Societies held in Singapore last month.

He outlined the challenges of running a global hotel group that has grown to 90 hotels, from Cuba to Saudi Arabia to Japan.

"It is so management intensive. It is so time and people-intensive, and it is so vulnerable to event risk," Ho said.

"A health disaster like Covid-19. A natural disaster like an earthquake. Political events. It's event risk-based," he added. "So many events can just put travel
to a halt."

Amid the pandemic-induced hospitality shutdown, Ho said in an interview with CNBC in July 2020 that he took a 100% pay cut. The company also had to lay off up
to 15% of its global workforce.

The company has since made a recovery. In January 2024, Banyan Group said in a statement that its 2023 performance had surpassed "pre-pandemic metrics across
various regional markets."

Related stories

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Ho, whose company is now worth nearly $373 million, started his career as a journalist. In 1981, after his father suffered a stroke, he took over the reins of
his family business, the Wah Chang Group.

In 1994, Ho opened his first resort, Banyan Tree Phuket, after converting an abandoned tin mine he purchased a decade earlier.

A villa at "Banyan Tree Phuket."
Banyan Group's first and flagship resort, Banyan Tree Phuket, opened in 1994. Banyan Group
Ho told BI he's learned two key lessons about running a luxury hotel chain like Banyan Group.

"Getting the corporate culture right is so important because people are so important," Ho said.


"You go to a hotel. You forget about the 10 good experiences you have. One screw-up, you will never forget. People are not very forgiving about screw-ups," he
added.

To tackle this, Ho said he tries to create an environment that minimizes fumbles while giving his staff the space to make mistakes and learn from them.

"I also learned to be very resilient financially because disasters will always happen," Ho added. "So it's a difficult industry, but it's fun."


Wed, 09 Jul 2025 19:21:08 -0700
marlon from private IP
Reply #18917617

used to work as as an accountant for a big hospitality holding firm, Chaldean-owned.  lasted a year before the fat bastard fired me.


Wed, 09 Jul 2025 19:21:09 -0700
marlon from private IP
Reply #10822968

used to work as as an accountant for a big hospitality holding firm, Chaldean-owned.  lasted a year before the fat bastard fired me.


@17722035 Andy 👍
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