Page 99 - Feb-Mar 2024

“RAAYA MALDIVES ENHANCES protect their investments against potential risks.
To begin with, we spread investments across different
PURPOSEFUL TRAVEL THROUGH market segments, geographic locations, or hospitality
DATA-DRIVEN STRATEGIES, ACHIEVING sectors to reduce exposure to specific risks. We also
MILESTONES IN ENVIRONMENTAL conduct thorough market analysis, feasibility studies, and
SUSTAINABILITY AND BUSINESS demand forecasts before investing in a property or market,
EXCELLENCE. OUR COMMITMENT ensuring alignment with market conditions.
Furthermore, we go to great lengths to identify potential
ENSURES GUESTS ENJOY A risks, including market fluctuations, economic downturns,
FLAWLESS EXPERIENCE FROM THE geopolitical instability, and natural disasters, and develop
MOMENT THEY ARRIVE AT OUR mitigation strategies. Based on that, we develop
contingency plans and risk mitigation strategies for various
CONTEMPORARY RESORT.” scenarios, ensuring preparedness for unforeseen events.
I must add that we always adopt a conservative financial
approach by maintaining sufficient reserves, avoid
How are you exploring the intersection of hospitality overleveraging, and manage debt levels prudently to
and real estate synergy for maximum returns? withstand economic downturns or unexpected crises.
The convergence of hospitality and real estate presents In addition, we focus on long-term value and
diverse opportunities to optimise returns, combining the sustainability rather than short-term gains, making
strengths of both sectors to create innovative, profitable, investments aligned with a clear and resilient business
and sustainable developments. Successful synergy requires strategy. We also secure comprehensive insurance coverage
strategic planning, market insights, and a deep for properties against potential risks like natural disasters,
understanding of both industries. property damage, and liability.
There are many benefits of synergy. On one hand, With regard to adapting to market dynamics, we remain
combining hospitality and real estate assets diversifies adaptable and agile to adjust strategies promptly based on
investment portfolios, reducing risk exposure across changing market conditions, technological advancements,
different sectors and, on the other, generates multiple and evolving consumer preferences. As for operational
revenue streams from hotel operations, residential sales/ efficiency, we implement efficient cost controls, optimise
rentals, and retail/commercial spaces within the same operational expenses, and adopt technologies that enhance
development. efficiency without compromising service quality.
Furthermore, synergistic developments often lead to Talking of legal due diligence, we ensure compliance with
increased asset value due to combined offerings and shared local regulations, permits, zoning laws, and legal
amenities. Integrating hospitality and real estate requirements to avoid legal pitfalls and penalties. At the
strategically also fosters sustainable growth and resilience same time, we seek expert consultation, advice and
against market fluctuations. And last but not the least, guidance from industry experts, consultants, and legal
hotels within mixed-use developments benefit from advisors to make informed decisions and navigate complex
increased foot traffic and shared amenities, attracting industry landscapes.
guests and residents alike. When it comes to crisis management and contingency
However, increasing synergistic developments is not plans, we develop robust crisis management protocols,
without its fair share of challenges. To begin with, including communication strategies and contingency plans
managing mixed-use developments requires effective to address emergencies.
coordination among various stakeholders, which can be And finally, with regard to customer and employee
complex. Moreover, there are hurdles like addressing legal satisfaction, we prioritise guest satisfaction and employee
and regulatory challenges in different sectors, such as well-being to maintain a positive brand reputation,
zoning laws and property management, in mixed-use reducing the impact of negative incidents.
projects to deal.
Please elaborate on your vision for the future of
Can you highlight some key strategies for mitigating Panchshil Realty’s hospitality ventures.
risks in the volatile hospitality industry? In the future, hospitality investment ventures will embody
Mitigating risks in the hospitality industry requires a a fusion of innovation, sustainability, resilience, and
multifaceted approach that encompasses thorough diversification, catering to evolving market dynamics and
research, financial prudence, operational efficiency, crisis investor expectations. The visionary outlook for Panchshil
preparedness, and adaptation to market dynamics. By Realty’s hospitality ventures includes sustainability-
implementing these strategies, we at Panchshil Realty are centric investments, prioritising sustainable development,
able to navigate the inherent volatility of the industry and including green building practices, renewable energy

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