Annual Report 2022

Our Journey Through The Years

1984

Laguna Resorts and Hotels (LRH), a Banyan Tree Holdings Limited subsidiary, acquires over 550 acres of abandoned tin mine land at Bang Tao Bay, Phuket, Thailand.

1987

With extensive site rehabilitation completed, Laguna Phuket, Asia’s first destination integrated resort opens.

1990

Architrave, the Group’s in-house architecture and design arm, is established in Thailand and Singapore.

1992

Laguna Phuket Golf Club opens.

A pioneer in education and community engagement, the Group establishes the Laguna Childcare Centre.

Laguna Phuket wins the American Express and International Hotel Association Environmental Award for remediating a toxic site.

1994

Banyan Tree Hotels & Resorts is launched with the holistic ethos: “Embracing the Environment, Empowering People”.

The Group’s flagship luxury resort, Banyan Tree Phuket, opens at Laguna Phuket. It includes the first Banyan Tree Spa.

1996

Banyan Tree Gallery is established. The Group launches Laguna Bintan, our first project in Indonesia and second destination integrated resort in Asia.

2000

Angsana brand launches with the opening of Angsana Bintan in Indonesia. Combining local chic with a fun-filled atmosphere, Angsana brings the adventure back into travel.

2001

The Green Imperative Fund is launched to formalise the Group’s corporate social responsibility efforts. 

The Group establishes Banyan Tree Spa Academy, the first of its kind in Asia, to elevate therapists’ skills and the spa industry as a whole.

2004

The first resort-based facility in the Maldives, Banyan Tree Maldives Marine Lab, opens.

2005

Banyan Tree Ringha opens in Yunnan, marking the Group’s first foray into China.

2006

Banyan Tree Holdings Limited debuts on the Singapore Stock Exchange. 

Ahead of its time in corporate reporting and transparency, the Group publishes its first Sustainability Report.

2007

Bintan Conservation Lab begins operations in Indonesia.

2008

Banyan Tree Management Academy is launched, marking a significant milestone in the Group’s commitment to internal talent development.

2009

Banyan Tree Global Foundation is established as the Group’s non-profit arm and an integral part of its management framework.

2013

The Group launches Laguna Lăng Cô, its first project in Vietnam and third destination integrated resort in Asia.

2014

The Group introduces its third brand, Cassia, to tap into the growing demand for lifestyle extended stay hotel residences.

2015

The first Cassia hotel opens in Phuket, Thailand. 

Banyan Tree Spa enters the TTG Hall of Fame as Best Spa Operator. 

The Group launches its fourth brand, Dhawa, to meet demand for affordable and design-inspired full-service hotels.

2016

The first Dhawa hotel opens in Cayo Santa Maria, Cuba. 

The Group enters a strategic long-term partnership with Accor Hotels to develop and manage Banyan Tree-branded hotels around the world. 

MATTER Prints, a textile-based artisan brand, enters Banyan Tree Gallery.

2017

Banyan Tree Group forms a joint venture with China Vanke Co. Ltd. focusing on active ageing and wellness hospitality projects. 

The Group aligns its sustainability efforts with UN Sustainable Development Goals and a stakeholder-inclusive materiality framework. 

Mandai Park Holdings appoints Banyan Tree Holdings as the operator of an eco-friendly resort to be located within the new integrated nature and wildlife destination at Mandai. This will be Banyan Tree Group’s first resort in Singapore.

2019

Banyan Tree Group celebrates its 25th Anniversary, Banyan Tree Marine Lab Maldives’ 15th Anniversary and Banyan Tree Global Foundation’s 10th Anniversary.

2020

Banyan Tree Holdings Limited issues Convertible Bonds. 

Banyan Tree Global Foundation inaugurates Greater Good Grants to support external environmental and community projects, in alignment with UN Sustainable Development Goals and its ethos of “Embracing the Environment, Empowering People”.

2021

Banyan Tree Group launches Banyan Tree’s Wellbeing Sanctuary to clarify and democratise wellbeing for guests and associates through its 8 Pillars of Wellbeing.

Banyan Tree Group joins Expedia Group in the UNESCO Sustainable Travel Pledge, being among the first hospitality brands to do so.

Banyan Tree Group expands its ecosystem of brands with the introduction of Homm, Garrya and Folio, and two extensions of its flagship Banyan Tree brand – Banyan Tree Escape and Banyan Tree Veya. The first Garrya resort, Garrya Huzhou Lucun, opens in China, offering a distinct wellness approach in a modern, minimalist haven. 

Homm Bliss Southbeach Patong in Phuket, Thailand, opens as the first of the Homm properties providing a sensible lifestyle and globally diverse experiences while embodying the feeling of home.

2022

The first Banyan Tree Veya opens in Phuket, featuring bespoke wellbeing journeys in a safe, relaxing space.

The Group launches its maiden properties in Japan, Garrya Nijo Castle Kyoto and Dhawa Yura Kyoto.

The first Banyan Tree Escape opens at Buahan, offering immersive experiences combining deep nature and sustainable design.

Banyan Tree Group and Laguna join the PGA Principal Partner Program.

Banyan Tree AlUla opens, marking the Group’s debut in Saudi Arabia.

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