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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 | 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 established in 1994. [1]
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 Tree Holdings 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 an 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]
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. [4] 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. [5] [6]
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Media related to Banyan Tree Holdings at Wikimedia Commons