An Asia hotel mogul has run a luxury chain for decades. He says hospitality is the worst industry to be in.

Kwon Ping Ho, the founder of Banyan Group, said the hospitality industry is not only "management intensive" but also "vulnerable to event risk."

Singapore Institute of Directors

• Kwon Ping Ho, 72, is the founder and executive chair of luxury hotel chain Banyan Group.
• Ho opened his first resort in 1994. His company operates over 90 hotels and resorts worldwide.
• The journalist-turned-hotelier told BI that "the worst business to be in is hospitality."

Kwon Ping Ho...