News archive

August 2024

• • 13 August 2024
  • Banyan Group

  Banyan Group shows strong performance in 1H2024

  Banyan Tree Holdings Limited ("The Group") showcased robust performance in 1H24, with Operating Profit almost doubling to $35.9 million, contributing to an increase in PATMI to S$6.2 million for th...

March 2024

• • 27 March 2024
  • Investor

  Maybank Singapore partners Banyan Group

  Maybank Singapore and Banyan Tree Holdings Limited (Banyan Group) announces that it is collaborating on Banyan’s first Sustainability-Linked Senior Unsecured Syndicated Term Loan Facility. Acting a...

February 2024

• • 23 February 2024
  • Banyan Group

  Banyan Group records a doubling of profit for FY2023

  Banyan Tree Holdings Limited ("The Group") showcased robust performance in FY23, with a surge in Operating Profit, more than doubling to $90.1 million. Additionally, Core Operating Profit experienc...

January 2024

• • 11 January 2024
  • Banyan Group

  Banyan Tree Group Announces a Shift of its Name to Banyan Group

  In celebration of its 30th anniversary, the independent, global hospitality company announces landmark milestones and exciting developments for the future.

August 2023

• • 10 August 2023
  • Banyan Group

  Banyan Tree Group's 1H23 Core Operating Profit Increases 68% YoY to S$18.7 Million

  Banyan Tree Holdings Limited achieved 68% increase in Core Operating Profit. The Group debuted the first Folio in Japan and currently operates 72 hotels and anticipates 3 more openings.

March 2023

• • 31 March 2023
  • Banyan Group

  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.

February 2023

• • 24 February 2023
  • Banyan Group

  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...

December 2022

• • 3 December 2022
  • Banyan Group

  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.

August 2022

• • 10 August 2022
  • Banyan Group

  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...

June 2022

• • 14 June 2022
  • Banyan Group

  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...