In 1Q18, better operating performance from group-owned hotels in biggest market Thailand offset weakness in Maldives. Strong RevPAR growth in Thailand and Seychelles of 13% and 27% respectively more than offset weakness in Maldives.
SINGAPORE (May 17): Phillip Securities expects 2H18 earnings at Banyan Tree to be driven by sustained strength in Thailand and less challenging conditions in Maldives.
New partnerships with Accor and Vanke should also offer opportunities for the group to scale up at a much faster pace.
