Banyan Group Limited (formerly known as Banyan Tree Holdings) is a Singaporean multinational hospitality brand that was established in 1994.It manages and develops resorts, hotels and spas in Asia, America, Africa and the Middle East. The group comprises 12 global brands, including the flagship brand Banyan Tree. Currently, the Group operates more than 70 hotels and resorts, over 60 spas and galleries, and 14 branded residences in over 20 countries.[1]
 | A major contributor to this article appears to have a close connection with its subject. (December 2023) |
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| Banyan Group | |
| 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 | groupbanyan.com |
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. They purchased the land and embarked on a regeneration programme, reintroducing indigenous plants. Ten years later, in 1994, the first resort, Banyan Tree Phuket, was built.[citation needed]
In 2009, Banyan Tree Global Foundation was created as part of Banyan Group Limited. 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 the option to purchase an additional 5% stake.[2]
In May 2019, Banyan Tree announced its first resort in Singapore on a 4.6 hectares (11 acres) site in Mandai,[3] which is scheduled to open in the first half of 2025 and will be located near the Mandai Wildlife Parks.[4]
Brands
As of July 2023[update], 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.[5] Banyan Tree currently markets its properties under ten brands, including Banyan Tree, Angsana, Laguna, Cassia, Dhawa, Garrya, Homm, Baynan Tree Escape, Banyan Tree Veya, and Folio.[6][7]
See also
References
External links
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