That if I did this I would lose a lot of money and almost go bankrupt. Some of them are pretty unpleasant personal caricatures, which I find quite distasteful. What occupied your mind while you were in jail given that you often say that in jail, your mind is your worst enemy? Back then, we saw the wave for romantic boutique hotels and resorts, and we got on our little surfboard and we kept on going and going. What advice would you have for entrepreneurs today? I was just a middle-class kid, who was very liberal in his beliefs, criticising things. And I think we were proven right. The current market conditions, in fact, encourage us to remain who we are. What was the inspiration behind the founding of Banyan Tree? By Howard Lee. In life and business, it is a lot like that. The thing is that thereâs no external stimuli. But you still accept that your answers are within a certain boundary of practical answers. Mr Ho Kwon Ping Mr Ho Kwon Ping. So I got in there – a stupid student at 19 years old – got thrown out. I was about 29 or 30 then, and I didnât start Banyan Tree until I was 40. For his services to his home country Singapore, Mr Ho has been decorated with the Meritorious Service Medal and the Distinguished Service Order by the Singapore government. Those two hotels became and still are among the top ten resorts in all of Mexico. You have an idea what to do but itâs like the analogy of surfing. Banyan Tree Groupâs hotels are not showy or flashy hotels. I still encourage my children to ask why – but you donât have to be so impulsive in your responses. Those times are not the times as these times. Of course, part of my asking why would be: âWhy do you have such views?â, âWhy are you able to propagate these views?â, âWhy should we not engage you in a debate?â. ASSOCIATED SITES. I was supposed to be the Sword of Honour recipient but I got downgraded and almost kicked out for this staging of a little bit of a mutiny. This is a huge project. You can never really plan your business completely. Mr Ho: I wish I wouldâve known that the consequence of certain things would be this or that. Singapore, 5 November 2019 – Founder and Executive Chairman of Banyan Tree Holdings and Laguna Resorts and Hotels, and Executive Chairman of Thai Wah Public Company, Mr Ho Kwon Ping was conferred the prestigious HICAP Lifetime Achievement Award at the recent 30 th annual Hotel Investment Conference Asia Pacific (HICAP) held in Hong Kong. It is not against our values if we were to do a resort with a vineyard in Mexico or California. Youâre disoriented in time also because sometimes itâs bright 24 hours round the clock so you could be starving and have no food and then you could get meals when youâre full. Iâll see what the future brings. Banyan Tree was the first hospitality brand to do all-pool villas. Of course, we work with them to conceptualize the hotel from the very start. editor 2019-06-12T04:25:32+00:00. 5 February 2015 1 Introduction He is also the founding and current Chairman of the Board of Trustees of Singapore Management University and Chairman of … You donât get a Lee Kuan Yew or Lim Chin Siong any more. It was also what the Americans felt, and what people like myself were protesting against because we thought it was a war of national unification, and that if they won, they would just stop there. They are designed to evoke the culture and beauty of the place, and we wonât change that because we have to keep faith with our customers who come to us because of who we are. Mr Ho Kwon Ping, SMU Chairman, at the launch of the SMU School of Law building on Wednesday, 15 March 2017 Guest of Honour, Prime Minister Lee Hsien Loong; The Honourable the Chief Justice Sundaresh Menon; Distinguished guests, ladies and gentlemen; A very good morning to all of you. That if I did this I would be thrown out. What do you wish you had known before you started out on your careers. But when youâre a 24-year-old kid without really knowing, not really fighting for a cause or willing to die for a cause, just sort of big-mouthed and protesting against all sorts of things and suddenly you get thrown into confinement and lose all your bearings, itâs a frightful thing to be. Executive Chairman Banyan Tree Holdings. If youâre going to say something about an issue and some Minister hits at it, so what? But I thought that instead of building 300 rooms, letâs just build a few villas which would be much cheaper. Itâs a spirit and an approach – a methodology. You cannot keep riding the wave if you know that there is no future in it. In NUS, I was asking why not about NUS itself because I was a mature student so I didnât really study very hard because I was repeating my course as they wouldnât accept my credits from Stanford. You are naked to yourself. So, I borrowed some money from my dad and started this hotel. They do it, though in pretty bad taste – but they do it and theyâre not arrested. Creative Director Lord’s Tailor Sdn Bhd. That really was an example of the foolishness of youth. Which of the many fields in which you are a leader - civil society, business, education and academia, and journalism - do you hold to be key to who you are? As to the things I needed to know for my career, Iâm already past it, so the things Iâm interested in studying and reading now are really to enrich myself and answer more questions of the world. We also felt that our Mexico ventures would be a good spearhead or stepping stone for us to get into the rest of Latin America. I believe in learning lessons, but I donât believe in regret. By the same token, Singapore Zoo and its sister wildlife parks in the Mandai area today are the top attractions in Singapore. First of all, there you become much more honest with yourself because you cannot lie to yourself anymore. This supports the point that whenever you have a varied career, and you end up doing something – you may have been a chef and then you end up a banker – in some odd way, though you will never realise until maybe later on in life when you look back, but your experience as a chef probably, in some way, influenced you and made you different as a banker. Below is the transcript of a CNBC interview with Ho Kwon Ping, Executive Chairman, Banyan Tree Holdings. Banyan Tree Group has always been championing sustainability and wellness, which are doing wonders for CSR (Corporate Social Responsibility) image. We, in our generation, created the environment for them to live in an affluent context. These are things that I created and therefore I hope to leave a legacy behind through these. Mr Ho Kwon Ping is the Founder and Executive Chairman of Banyan Tree Holdings and Laguna Resorts and Hotels, and Executive Chairman of Thai Wah Public Company. We would be manufacturing shoes for Nike and Adidas or other brands. While you were younger, you might not have been able to do so. banyantree.com. What’s new? In the conference’s 30-year establishment … He never thought it would come back that way, because he was just interested in calligraphy. I came across a humongous piece of land and there were no drones back then, so we had no idea what the land looked like. Mr Ho: Iâve often said that I think they all build up and contribute to the final thing. We are only part of this multi-billion-dollar project, in the sense that we manage the resort. I became very clear in my own mind that I wasnât going to go and spend 25 years in jail, which you can and there have been people who have: Chia Thye Poh and Poh Soo Kai. 90 percent of the guests staying at our hotels are Americans. Ironically, I ask that question âWhy do I study?â with the same simplicity as a three-year-old, but with much greater depth in my answer. So, I found that in the rest of my career – be it with Banyan Tree or SMU or my other family businesses – in areas where you donât have domain expertise, and I have no domain expertise in education nor in hospitality, I could get by because I knew how to get to the heart of an issue by asking questions. Mr. Ho Kwon Ping – Laguna Resorts and Hotels Public Company Limited. Today, he has prevailed over these troubles and is a respected figure in business, civil society, education and academia. For businesses in the post-COVID world, they have to find out what are the differences that can set you apart from other people. They are both very vibrant, friendly, full of life and extremely hospitable. There may other things I can do too: Iâm going to be getting two more grandchildren, so maybe Iâll be a purposeful grandfather. Again, it was a confluence of luck and opportunity. When you are a teenager and then a little bit later in life, when you ask yourself the same question âWhy do I study?â then the answers come in: I study because of my career; I study because of this or that. Back then, there was nothing much in Phuket. Mr. Ho will be presented with the award at the 30th annual HICAP scheduled for 23-25 October 2019 at the Kerry Hotel Hong Kong. I donât believe in thinking about regrets. According to him, simply replacing the word “shareholder” with “stakeholder” in companies’ mission statements would be a catalyst for significant change. Mr Yong Pung How, SMU Chancellor 2011–15. “The Ho Rih Hwa Leadership in Asia Lecture Series serves as a unique platform for accomplished leaders within and beyond the Asia-Pacific region to come together and pave the way for a better future. Mandai Park Holdings and Banyan Tree said the hotel will be … Has the âwaveâ changed with the COVID-19? Mexicans themselves are naturally very hospitable people, like the Thais. What advice would you give to the youthful idealists who are today like how you were back then? So, for businesses to ride the waves, you have to find out what is your unique selling proposition and what is so different or special about you, compared to all the other businesses out there. The entire South America is so huge and itâs like a whole world by itself. We are looking at projects in Central America. The Culture Embassy Pte Ltd met up with Mr Ho Kwon Ping to find out his inspirations behind the founding of Singaporeâs hospitality group, Banyan Tree Holdings and the future plans for the company. Did I waste my life?â I donât want to accuse them, because itâs completely unfair to them as young people whoâve grown up in affluent Singapore. Mr Kenny Loh Mr Kenny Loh. Journalism was just a short period, however, Iâve often resonated with Steve Jobsâ point about how everything that you do in life, you never know when and how, but it comes back to influence you later on. I realised I wasnât a Nelson Mandela; I didnât have a cause. Nobody wanted to invest but at least, Dusit Thani was willing to manage it. Authors: Emily Calkins, Monica Matsumoto, Ahmad Nasir, James O'Brien, Amy Saxton, Simone Wallimann, Lawrence Yen, with Mr. Ho Kwon Ping. Mr Ho has received multiple awards such as the London Business School Entrepreneurship Award; CEO of the Year at the Singapore Corporate Awards; CNBC Travel Business Leader Award ; Distinguished Alumnus Award from the National University of Singapore; and Lifetime Achievement Awards from the American Creativity Association, China Hotel Investment Summit and Australia Hotel Investment Summit. Today is a momentous occasion for us all. Itâs done already. Driving towards a fully autonomous vehicular world. That might require some skill, but a lot also hinges on luck where he has caught the right timing, the perfect wave and then he rides it all the way to shore. We were like a mini conglomerate. Then, by luck, my wife, my brother and I were walking around Phuket in the 1980s. But I just bought it and it was a completely polluted piece of land that was very cheap. It is not always the greatest surfer who successfully rides the waves. The interview played out in CNBC's latest episode of … In the conference’s 30-year establishment history, this exclusive award had only been They did not want to confess. The concept of service is very ingrained in them. Our approach promotes wellbeing through diversity, satisfaction, health, safety and welfare to increase productivity and improve employee and customer satisfaction and loyalty. On the other hand, Mexico actually has a lot of features that we are very familiar with. Sometimes, they are ridiculed – perhaps by a Minister. 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