Ho Kwon Ping (Chinese: 何光平; born 24 August 1952) is a Singaporean businessman. He is the executive chairman of Banyan Tree Holdings, a Singapore-based leisure business group, which owns both listed and private companies engaged in the development, ownership and operation of hotels, resorts, spas, residential homes, retail galleries and other lifestyle activities in the region.[1]
Early life
Ho was born to Ho Rih Hwa, a businessman and diplomat, and Li Lienfung, the bilingual author.[2]
Ho was born in Hong Kong, but spent his childhood in Thailand where his father, Ho Rih Hwa, was Singapore's ambassador to the country. He was educated in Thailand, Taiwan, the US and Singapore. He went on to Tunghai University in Taiwan where the exposure to Chinese culture left a deep impact on him. After a year in Taiwan, he left for Stanford University in the US. After returning to Singapore, he did his national service as a combat engineer. He later studied at the National University of Singapore, where he graduated in economics and history with a silver medal awarded by the Singapore Employers' Federation for being the second most outstanding student in the final year examination.[3]
Career
Currently, 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.[4] All three family-owned companies are listed in Singapore and Thailand.[4] He is also the founding and current Chairman of the Board of Trustees of Singapore Management University and Chairman of The Singapore Summit.[4]
In 1977, while working as a journalist for the Far Eastern Economic Review, an English Asian news magazine based in Hong Kong, Ho was detained under the Internal Security Act for writing articles in the Review and held in solitary confinement for two months.[2] Many years later, in 2018, Ho shared in a candid dialogue session that he did not bear any grudges against Lee Kuan Yew, Singapore's founding prime minister, for detaining him.[5] His detainment ironically boosted his academic grades as he was "so happy" to gain access to books that "he studied for 18 hours a day and topped the entire faculty in the examinations".[5]
After Ho's release, he continued to work as a journalist, settling on Banyan Tree Bay in Hong Kong with his wife for three years. Ho's foray into the business world came several years later when he decided to join the family business after his father suffered a stroke. Assuming the mantle as the eldest son, Ho took the reins of the company. He went on to distinguish himself as a businessman, making the cover of Fortune International magazine in 1990,[2] and opening the first Banyan Tree resort in Phuket in 1994.[6]
Among various awards, Ho has received 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.[4]
Honoured for his contributions and accomplishments in the hotel industry in the Asia Pacific region and globally, Ho is the only two-time recipient of Hotel Investment Conference Asia Pacific – HICAP’s Innovation Award (2003) and Lifetime Achievement Award (2019) in its 30-year history.[10]
In 2010, he became the first Asian to receive the American Creativity Association Lifetime Achievement Award in recognition of his creativity and innovation in various spheres of endeavour.[11] In 2011, he was voted top Thinker in Singapore in the Yahoo! Singapore 9 Awards.[11] In 2012, Ho was given CNBC's Travel Business Leader Award Asia Pacific 2012, in addition to being named to the board of Diageo, a British multinational.[11]
In a 2018 interview article with Ho Kwon Ping, Singaporean media organisation Mothership said that Ho is "a man highly sought-after for his opinions" as "he is almost constantly being invited to conferences, organisations and educational institutes to give talks, sit on panels and get quizzed about geopolitical shifts, international relations, leadership, the business world".[12]
In the interview article of Ho by Channel NewsAsia as Banyan Tree turned 25 in 2020, he is described as "easily one of Singapore's most recognisable entrepreneurs" as "the face of an award-winning hospitality empire that comprises 49 hotels and resorts, 64 spas, 76 retail galleries, and three golf courses in 23 countries".[13]
Personal life
Ho's father was businessman and diplomat Ho Rih Hwa. His mother was chemist and bilingual writer Li Lienfung. Ho is married to entrepreneur and former Nominated Member of Parliament, Claire Chiang. According to Tatler, Claire Chiang is Banyan Tree's senior vice-president and chairs the company's China Business Development division and the Banyan Tree Global Foundation.[14] Claire was a nominated member of Parliament from 1997 to 2001 as an advocate for gender equality and education, and inducted into the Singapore Women's Hall of Fame in 2018.[14]
In 2015, Ho wrote his first book, The Ocean in a Drop - Singapore: The Next Fifty Years, a compilation of his lectures during his time as the S R Nathan Fellow.[15] He has also written a book, Asking Why, which reflects his journey in journalism and entrepreneurship.[10]
The couple has three children[16] and a grandson.[17]
^"Ho Kwon Ping". Board of Trustees. Singapore Management University. 30 July 2010. Archived from the original on 16 January 2009. Retrieved 21 March 2010.
^ abcde"Ho Kwon Ping". Singapore Management University. Singapore Management University. Archived from the original on 27 September 2018. Retrieved 6 April 2021.
^ abc"1ST S R NATHAN FELLOW - HO KWON PING". Institute of Policy Studies, Lee Kuan Yew School of Public Policy. Institute of Policy Studies, Lee Kuan Yew School of Public Policy. Archived from the original on 12 September 2023. Retrieved 6 April 2021.
