Hotel Royal Ltd 2020 AR2
The report highlights Hotel Royal Limited's performance and sustainability initiatives during the challenging fiscal year 2020, marked by the COVID-19 pandemic. Despite a 47% decline in revenue to S$30.6 million and a net loss of S$20.8 million, the company avoided retrenchments to protect employee jobs. Hotel Royal continued its environmental efforts, reducing energy consumption by 2% and water usage by 11%, while achieving a 63% reduction in waste. The company also maintained a zero workplace accident record and achieved an 86% score in its Customer Satisfaction Survey. Additionally, the Group prepared for recovery by acquiring the Royale Chulan Bukit Bintang in early 2021.
Company: Hotel Royal Ltd
Sector: Hospitality & food services
Country: Singapore
Year: 2020
Type: AR2
Pages: 163
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Hotel Royal Ltd
Annual Report
The report highlights Hotel Royal Limited's performance and sustainability initiatives during the challenging fiscal year 2020, marked by the COVID-19 pandemic. Despite a 47% decline in revenue to S$30.6 million and a net loss of S$20.8 million, the company avoided retrenchments to protect employee jobs. Hotel Royal continued its environmental efforts, reducing energy consumption by 2% and water usage by 11%, while achieving a 63% reduction in waste. The company also maintained a zero workplace accident record and achieved an 86% score in its Customer Satisfaction Survey. Additionally, the Group prepared for recovery by acquiring the Royale Chulan Bukit Bintang in early 2021.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Total Waste
Women on Board
Workplace Fatalities
Employees