Onyx Hospitality Group, a local hotel management company, is confident it can increase operating profit and revenue per available room (RevPar) by 5-10% this year, thanks to booming tourism.
"Our growing portfolio and cost efficiency have allowed us to invest more in existing properties and achieve solid margin progression," said president and CEO Peter Henley.
Tourism recovered last year and the momentum is continuing this year. This prompted the group to open its first overseas hotel, Amari Doha, earlier this year. It will introduce the first hotel under the OZO brand, OZO Wasley, in Hong Kong in the second half of the year.
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