Banyan Tree's losses narrow in H2, bullish on travel demand, new properties

WHILE the pandemic and possible disruptions from emerging macro events such as the Russian-Ukraine tensions continue to loom, resorts operator Banyan Tree Group B58 is optimistic that the return of international travel and its diversified business will propel the group forward, said Eddy See president and group managing director on Monday (Feb 28).

The pace of business recovery for Banyan Tree is already gaining momentum as more countries open up cross-border travels. Meanwhile, the group is on track to opening 45 properties by 2025.

Banyan Tree had in 2021 opened 8 new properties and signed 27 hotel management agreements and 1 residences development project while introducing new brands to its portfolio as part of its multi-brand approach.