⚠Deterioration in brand quality can adversely affect operations and reputation.
⚠Heavy revenue dependence on five flagship hotels affects financial stability.
⚠Persistent losses from prior years risk future financial health sustainability.
⚠Negative cash flow history challenges future operations and business continuity.
⚠Substantial debts require significant cash flows for servicing and growth.
⚠Exposure to risks from hotel renovations and delayed new constructions.
⚠Regulatory complexities may impact compliance, operations, and market positioning.
⚠Cyclical and seasonal industry fluctuations significantly affect financial performance.