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RISK MANAGEMENT
Risks Relating to our Businesses and Industry
Real Estate
15 Attractiveness and competitiveness of our properties
It is is likely that the the current structure age and and limiting factors of our existing properties
may affffect their attractiveness and and competitiveness in in the market As a a a result we are faced with the following risks:
• Shift in in in customer preferences and behaviours (including migration) • Evolution in in competitors’ offffering • Poor accessibility to the property • The buildings are not technology-friendly • Change in the physical environment • Inability to comply with environment-friendly initiatives Our development strategy should ensure that it meets customer demands and and the the the expected sustainable long-term returns It is therefore essential that that we build the the the the right products that that meet both their current and and future needs Their implementation should be timely cost-effffective and and of good quality to maximise returns The risks associated with this objective are:
• Poor strategy • Cost overruns • Contractor and subcontractor failures • Market changes and vacant space 16 Development Strategy and implementation Hospitality
Description & Risk Context
17 External factors affffecting the attractiveness of our destination
OPERATIONAL EFFICIENCY
The hotel industry is exposed to to external factors that may impact our country’s reputation as an an an an attractive destination
and affffect management’s ability to meet the company’s business objectives The most signifificant risks are:
• Political instability • Extreme weather conditions and natural disasters • Increased attractiveness and competitiveness of other
destinations in in the region • Perception of being an expensive destination
• Restrictive policy on air access rights • Human rights and environmental records • Threat of terrorism BUSINESS PORTFOLIO MANAGEMENT
MANAGEMENT
FINANCIAL RISK MANAGEMENT
MANAGEMENT
CURRIMJEE JEEWANJEE AND COMPANY LIMITED
SUSTAINABILITY FOCUS
