Ovolo Group CEO demands hospitality industry assistance during trying times in Hong Kong

Ovolo Group CEO demands hospitality industry assistance during trying times in Hong Kong

eTurboNews Syndication:

Ovolo Group’s founder & CEO, Girish Jhunjhnuwala, has called on the Hong Kong Government for assistance for the neighborhood hospitality industry given the existing economic downturn in your community. The problem in Hong Kong has hit been felt across all corners of the populous city like the retail, aviation and financial sectors, with the tourism industry being the hardest hit.

Ovolo Group is becoming among Hong Kong’s largest independent owner / operator hospitality companies, employing over 190 people in Hong Kong across hq, four hotels and five F&B venues, providing around 100,000 business and leisure guests with living experiences annually and serving approximately 165 effortless,000 diners and drinkers annually.

The ongoing company keeps touching the present day traveller through award-winning interior designs, detail-driven comforts and cutting-edge technology, all done in Ovolo Hotels’ signature style. A proud Hong Kong brand, Ovolo Group remains a privately-operated and family-owned business with a charitable core.

In a reaction to the existing situation in Hong Kong, Girish said tourism is a vital pillar of the Hong Kong economy always, with the populous city acting as a hub for business and leisure travellers from around the world.

“It’s devastating to start to see the effect that the recent situation inside our city has already established on local businesses, those folks in the hospitality industry particularly. As reported by the SCMP, tourist arrivals YOY have fallen by 5% in July and an alarming 40% in August – the biggest decline because the SARS outbreak in 2003. Group arrivals from the mainland also have dropped by 90% in the initial 10 days of September.

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“When our businesses weather a down economy, those whom are hit the hardest aren’t the top-level executives but we members – the employees working at the forefront of our organisations. It’s those members of our society which are the people which are actually facing reduced hours unfortunately, reduced wages or sometimes redundancies even.

“With this thought, it really is imperative the Hong Kong Government and Hong Kong Monetary Authority both part of to lend a helping hand to local businesses that are struggling of these times – not merely to make sure we reduce negative economic impact and steer clear of lack of jobs or wages, but to safeguard Hong Kong&rsquo ultimately;s status as a thriving tourism hub for a long time ahead.”

Author: George Taylor

Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.