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Hong Kong airport services firm Plaza Premium Group plans to double global presence with US$100 million expansion, founder says, starting in mainland China
- CEO Song Hoi-see wants to double size of the company in two years
- PPG, founded 20 years ago, now employs more than 5,000 workers
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Plaza Premium Group (PPG), a Hong Kong-based airport services provider, is looking to double the size in two years by riding on the soaring growth in air travel across the Asia-Pacific region, its founder says.
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Mainland China will be front and centre of the expansion, Song Hoi-see, the founder and chief executive of PPG, told the Post in a wide-ranging interview.
The airport lounges-to-aero hotels firm has earmarked half of a HK$784 million (US$100 million) investment plan for growing PPG’s presence on the mainland, which is set to become the world’s biggest air travel market in the next decade.
The other half of the investment, according to Song, would be spent on fast-growing targets like India and Indonesia, and established markets such as the United States.
PPG was founded more than 20 years ago and employs more than 5,000 workers. Song is bullish on the company’s accomplishments.
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“[We now serve] 15 million people from zero. We are less than 5 per cent of the market. We are only in 42 airports out of thousands, so this is a huge opportunity,” he said.
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