Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 155

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 155
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 critical factor in generating revenues in these ancillary markets. It is difficult to accurately predict the effect that these and other new technological developments may have on the film industry. These uncertainties, among others, may have a negative impact on our business, financial condition, and results of operations. 94 Risks Relating to TGE’s Hospitality Business We are subject to the business, financial and operating risks inherent to the hospitality industry, any of which could reduce our revenues and limit opportunities for growth. Our business is subject to a number of business, financial and operating risks inherent to the hospitality industry, including: •significant competition from hospitality providers in all parts of the world; •changes in the supply and demand for hotel services, including rooms, food and beverage and other products and services; •the financial condition of and relationships with hotel management companies and joint venture partners, including the risk that they may terminate or fail to comply with the relevant management or joint venture contracts or arrangements; •decreases in the frequency of business travel that may result from alternatives to in -personmeetings, including virtual meetings hosted online or over private teleconferencing networks; •increases in operating costs, including employee compensation and benefits, energy, insurance, food and beverage and other supplies; •the ability of third -partyinternet and other travel intermediaries who sell our hotel rooms to guests to attract and retain customers; •delays in or cancellations of planned or future development or refurbishment projects at hotels in our system; •cyclical over -buildingin the hospitality industry; and •changes in desirability of geographic regions of the hotels in our business, geographic concentration of our operations and customers and shortages of desirable locations for development. Any of these factors could (i) increase our costs or (ii) limit or reduce the prices we are able to charge, or (iii) otherwise affect our ability to maintain or operate existing properties or develop new properties. As a result, any of these factors can reduce our revenues and limit opportunities for growth. The hospitality market is highly competitive, and we may be unable to compete successfully. The market to provide hospitality services is highly competitive and fragmented. The barriers to entry are low and new competitors may enter the market at any time. Our current or potential competitors include global hotel brands, regional hotel chains, independent hotels, online travel agencies and home -sharingand rental services and short term/vacation rental. Additionally, current or new competitors may introduce new business models or services that we may need to adopt or otherwise adapt to