GP Hotels operates one of Singapore's largest economic/mid-tier hotel chains under the "Fragrance" brand with recent IPO in Apr 2012. GP Hotel's exposure in the local economic hospitality sector has proven to be resilient even in recessionary times.
With Singapore continual focus on economic growth, tourist arrivals to Singapore is expected to increase. Strong performance from the Singapore hospitality sector will likely to drive profitability and share price.
2012 Oct: $0.002
2013 Jan: $0.002
2013 Apr: $0.0101