Luxury resort operator has reported a 25% y-o-y drop in revenue to $56.5 million for 1HFY2021, as the pandemic continues to affect its business. However, its net loss has been reduced by 13% y-o-y to $42.6 million from $49.2 million, as the company cut costs, made gains from sale of properties. Wh...

The Ng family that is most famous for owning real estate giant Far East Organization, has emerged as a substantial shareholder of resort operator Banyan Tree Holdings, whose business has been affected by the ongoing pandemic. According to a regulatory filing, Goodview Properties, controlled by the N...

The Ng family that’s most famous for owning real estate giant Far East Organization, has emerged as a substantial shareholder of resort operator Banyan Tree Holdings. According to an SGX filing, Goodview Properties Pte Ltd, controlled by the Ngs, on Aug 3 paid $465,387 for 1.5 million Banyan Tree ...

Singapore has been dealing with the Covid-19 pandemic for over a year now and several new trends have risen in the market amid the “new norms”. In RHB Securities Singapore’s 20 Jewels 2021 Edition, the research house notes that while Covid-19 caused a steep correction in global markets, especi...

THE shares of Singapore-listed resorts operator Banyan Tree Holdings, which had eight hotels and six spas in in its Thailand portfolio as at last December, have been rallying lately.

Resort-developer Banyan Tree sank deeper into the red with losses of $49.8 million in 2H2020 ended December, down from earnings of $5.2 million in the year before. This follows a 61% plunge in its revenue to $82.5 million in 4Q2020 from $213.97 million in the year before that came as a result of the...

Resort-developer Banyan Tree Holdings sank deeper into the red with losses off $49.1 million in 1H2020 ended June, from the $2.6 million in losses a year ago. The deepening losses was due to the impact of the global movement control restrictions on the tourism and hospitality sector. This translates...

BANYAN Tree Holdings sank deeper into the red with a net loss of S$49.15 million for the six months ended June 30, widening from a loss of S$2.69 million a year ago on the back of the impact of Covid-19.

BANYAN Tree Group has formed a joint venture with Thai sustainable growers The Boutique Farmers to develop a gourmet organic farm and restaurant in Chiang Mai.

RESORT group Banyan Tree Holdings said in a regulatory filing on Tuesday that its hotel business continues to be negatively impacted on the back of border controls and travel restrictions imposed as a result of the Covid-19 pandemic.