Business updates & financial releases
Banyan Tree Group on Track to Double its Global Portfolio as Part of Five-Year Expansion Plan
Banyan Tree Group, one of the world's leading multi-brand hospitality groups, closed the 2022 fiscal year with a total of 63 properties across its global portfolio of 10 hospitality brands.
Banyan Tree Group Sees Return to Profitability
The Group's revenue was 23% higher than FY2021 with international travel recovery contribution. Operating Profit increased nine-fold to S$41.7 million. Hotel RevPAR increased 30% (on a same store b...
Banyan Tree Group: 3Q 2022 Business Update
Banyan Tree Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) would like to issue a business update for 3Q 2022.
Banyan Tree Group Achieves 1H22 Core Operating Profit of S$11.1 million
Revenue more than doubled to S$119 million, due to international travel recovery contribution. Operating Profit achieved S$26 millon vs previous loss of S$ 16 million. Hotel RevPAR increased 23% (o...
Banyan Tree Group: 1Q2022 Business Update
The Group closed 1Q22 with positive operating profit, and improved topline performance against 1Q21. Hotel revenue per available room (RevPAR) grew by 46% in 1Q22 compared to 1Q21. Property busines...