HOTEL ROYAL
̛Ө
ROYAL MEMORIES
18
Subject to the sustainability of
economic recovery and other
factors affecting the regional travel
and hospitality markets, the Group
is well positioned to generate
further improvements in our
operating performance in 2016.
However, headwinds continue to
persist and the business landscape
remains fragile. We envisage
that these challenging market
conditions will persist, and we will
take the necessary measures to
respond expediently.
The Group’s profitability will
continue to be influenced by
fluctuations in exchange rates of
currencies such as the NZD, USD,
RMandTHBagainst theSGD, aswell
as changes in the market values
of investments in our investment
portfolio. Management is familiar
with these challenges and will take
appropriate actions to mitigate
their impact on the Group’s
businesses.
SUSTAINABILITY REPORTING
& CORPORATE SOCIAL
RESPONSIBILITY
In keeping with the Singapore
Exchange’s call for all listed
companies to publish sustainability
reports annually, we set out our
maiden Sustainability Report on
pages 38 and 39. As we are fully
committed to reaching out to
communities and taking better
care of the physical and social
environments that our hotels
operate in, we hope to expand
and enhance our coverage
in the years ahead. By doing
so, we hope to align our long-
term business strategies with the
universal values of achieving
positive and sustainable outcomes
for all of our stakeholders.
A WORD OF APPRECIATION
Despite the volatile business
environment, the Group is poised
to build on its service proposition,
capabilities and human capital.
I would like to say a huge “thank
you” to all of our management and
staff – for their deep commitment
in delivering the Royal distinction in
service to all of our guests.
On behalf of the Board of
Directors, I would also like to
express my appreciation to all of
our stakeholders – shareholders,
customers, business partners – for
your continued support of the
Group. In addition, I would like to
thank my fellow directors for their
invaluable contributions and wise
counsel over the years.
Dr Lee Keng Thon
Chairman
18 March 2016
