Banyan Tree Varko Bay in Varko Peninsula , Greece .
DEVELOPMENT
BANYAN TREE INCHES CLOSER TO DOUBLING GLOBAL FOOTPRINT BY 2025
THE LUXURY BRAND WITH A SUSTAINABLE FOCUS AIMS TO DELIVER 50 NEW HOTEL OPENINGS OR CONVERSIONS BY 2025 .
By KATHAKALI NANDI
Closing the 2022 fiscal year with a total of 63 properties under 10 hospitality brands worldwide , Banyan Tree Group is on track to achieve its goal of doubling its global footprint by 2025 as part of a five-year expansion plan .
The Singapore-based hospitality company added eight new-build or converted hotels in 2022 , helping Banyan Tree reach closer to its aim of expanding its presence in 23 countries .
It ’ s the aim of the luxury chain with a sustainable bent to deliver 50 new hotel openings or conversions , bringing its global portfolio to 113 hotels , said Eddy See , president and CEO of Banyan Tree Group .
“ At the end of 2021 , we stated an ambitious goal to double our global
54 hotelsmag . com June May 2023