Banyan Tree to Double by 2025
Skift Take
- Banyan Tree Group, closing out the 2022 fiscal year with 63 properties across its global portfolio of 10 hospitality brands, expects to get to 113 hotels by the end of 2025.
- Radisson Hotel Group announced the opening of Lewit Hotel Pattaya, a member of Radisson Individuals in the beach resort town of Pattaya.
- The grand opening of Ember Hotel, a boutique lifestyle hotel located at Khao San Road in Bangkok, Thailand was announced.
Banyan Tree Group, closing out the 2022 fiscal year with 63 properties across its global portfolio of 10 hospitality brands, expects to get to 113 hotels by the end of 2025. They added eight newly built or converted hotels in 2022 and the Singapore-based group is on track to double its footprint by 2025, expanding its presence in 23 countries. The group’s development pipeline to 2025 will deliver 50 new hotel openings or conversions. Among the five new brands they launched last year, Garrya is poised to overtake Banyan Tree as the Group’s fastest-growing brand. Banyan Tree brand currently constitutes 50% of the group’s portfolio. The group is looking to add 12 more properties in the next three years with a bunch in China leading the way. Banyan Tree Veya will plant a flag in the hills of Baja California in Mexico in 2023. The Angsana brand will add three resorts in Vietnam, with Ho Tram and Quan Lan both expected to open this year. The exten
