4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
Unity In Crisis: Ho Kwon Ping, Executive Chairman, Banyan Tree Holdings
By Yeoh Siew Hoon
Thursday, 18th June 2020
 

At WiT 2009, themed 'Tough Love' because the world was coming out of the global financial crisis, Ho Kwon Ping, known for not pulling his punches, called out of the rise of China and the clash of civilisations.

A decade later, we revisit him in his home in Singapore to catch up with him on how he thinks Covid-19 will further change the state of play between East and West, what ASEAN should do to save its tourism industry, how this crisis will forge the next generation of leaders in Asia and the terrible dilemma of tourism.

Some key takeaways:

How Covid-19 exposed weaknesses in Western societies

“I think the final veneer of Western exceptionalism is gone. You are clearly no better than any of us in your values, in your social cohesion in your governance. And I think that’s going to have an incredible impact on the psyche of an entire Asia that is really beginning to economically rise up.”

“ASEAN is worst hit. My concern is it’s not going to rise fast enough…”

“It is in ASEAN that we are the worst hit because we have been the most dependent on inbound tourism. The intra ASEAN tourism industry is still in its infancy. It’s something that’s happening thankfully, with the rise of budget carriers, midscale hotels and the rise in middle class incomes. But it’s got to rise much faster because there’s a huge hole to fill. My concern is I don’t think it’s going to rise fast enough to fill the holes that are increasing under our feet.”

A good lesson for the younger generation of Singaporeans

“The lessons of COVID-19 have now been burnt into the psyches of the entire younger generation. And that is a huge good for us because then we don’t have to worry, as an older generation that the younger one was not prepared for emergencies and other future crises. That, to me, is the most important beneficial impact.”

Read the full article here

Brand Awareness - Online Marketing at 4Hoteliers.com ...[Click for More]
 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2025 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy