Banyan Tree in recovery after Asian tsunami

14 August 2006
Banyan Tree in recovery after Asian tsunami

Luxury hotel resort operator Banyan Tree Holdings' second quarter results reflect a recovery in Singapore's tourist trade following the Asian tsunami.

The company, which manages luxury hotels and spas across the Asia Pacific reported a second quarter net loss of $2m (£1.1m), down from $9m (£4.8m) a year earlier.

Revenue for the three months ended 30 June rose 110% to $71.4m (£37.8m) from $34m (£18m) a year earlier, with all parts of the business showing an improvement in performance.

By Matthew Batham

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking