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Banyan Tree narrows net loss, gears up for ten hotels opening this coming year

The Edge Singapore
The Edge Singapore • 2 min read
Banyan Tree narrows net loss, gears up for ten hotels opening this coming year
The company plans to double its footprint by 2025 with 43 new openings planned over the next three years
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Luxury resort operator has reported a 25% y-o-y drop in revenue to $56.5 million for 1HFY2021, as the pandemic continues to affect its business.

However, its net loss has been reduced by 13% y-o-y to $42.6 million from $49.2 million, as the company cut costs, made gains from sale of properties.


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