Ong Beng Seng’s HPL reports $17.2 mil loss for 1HFY2023
Singapore-based hospitality company, Hotel Properties Limited (HPL), has reported a significant loss of $17.2 million for the first half of the financial year 2023. The company, owned by prominent businessman Ong Beng Seng, attributes this decline to ongoing challenges in the global tourism industry caused by the COVID-19 pandemic. Despite the setback, HPL remains optimistic about the future, emphasizing their commitment to adapt and recover as travel restrictions ease.