Terence Wong, CFA
CEO and Executive Director
CNY Cheer for Hotels
Jan 30, 2023
My CNY house visit to Albert Teo’s place three years ago wasn’t particularly auspicious. The Amara CEO was lamenting about the new virus that was going around China. He felt that it was going to impact his hotel business. How prescient! The world went into an unprecedented tailspin.
During this year’s house visit, Albert was upbeat as China swings open its doors. With Chinese tourists accounting for over 20% of visitors to Singapore (pre-Covid), he is hoping the renovation works at his flagship hotel will end sooner.