Banyan Tree Holdings

Banyan Tree Holdings Limited
Banyan Tree Holdings
Company type Subsidiary
SGX: B58
Industry Hotels
Founded 1994
Founder Ho Kwon Ping, Claire Chiang, Ho Kwon Cjan
Headquarters
Brands Banyan Tree Hotel & Resorts, Angsana Hotels & Resorts, Laguna, Cassia, Dhawa, Folio, Garrya, Homm, Banyan Tree Escape, Banyan Tree Veya
Number of employees
12,000+
Website https://www.groupbanyan.com/

Banyan Tree Holdings Limited (also known as Banyan Tree Group) is a Singaporean multinational hospitality brand that manages and develops resorts, hotels and spas in Asia, America, Africa and the Middle East. The brand was established in 1994. As of July 2023, the company operates 70 resorts and hotels. Under its management are also 63 spas, 64 retail galleries, and three championship golf courses in 23 countries.

History

Banyan Tree started when founder Ho Kwon Ping and his wife Claire Chiang came across a plot of land while they were on holiday in Bang Tao Bay, on the western coast of Phuket in the Andaman Sea, and thought it would make an ideal location for a resort. They purchased the land and then discovered that it was an abandoned tin mine and too polluted to support vegetation or any developments. They embarked on a regeneration programme, reintroducing indigenous plants and building 7,000 trees. Ten years later in 1994, the first resort Banyan Tree Phuket was built.

In 2009, Banyan Tree Global Foundation was created as part of Banyan Tree Holdings Limited. The foundation serves as the corporate social responsibility (CSR) arm of the group and works to enhance social, environmental and economic well-being. Projects under the foundation includes Greening Communities, Seedlings, and Earth Day.

In December 2016, Banyan Tree entered into a partnership with a French hospitality company Accor. As part of the deal, Accor would invest €16 million to Banyan Tree in exchange for a 5% stake in the company, with an option to purchase an additional 5% stake.

In May 2019, Banyan Tree announced its first resort in Singapore on a 4.6 hectares (11 acres) site in Mandai.

Brands

Fountains at the Banyan Tree Sanya

Banyan Tree currently markets its properties under 10 brands, including Banyan Tree, Angsana, Laguna, Cassia, Dhawa, Garrya, Homm, Baynan Tree Escape, Banyan Tree Veya, and Folio.

See also