Annual Report 2023

Our Journey
Through The
Years

Laguna Phuket Thailand

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

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

1990

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

1992

Laguna Phuket Golf Club and Laguna Childcare Centre open.

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

Banyan Tree Phuket, Thailand

1994

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

The Group’s flagship luxury resort, Banyan Tree Phuket, and the first Banyan Tree Spa open at Laguna Phuket.

1996

Banyan Tree Gallery is established. The Group launches its first project in Indonesia, Laguna Bintan.

Banyan Tree Gallery
Angsana Bintan, Indonesia

2000

Angsana brand launches with the opening of Angsana Bintan in Indonesia.

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 the spa industry.

2004

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

Banyan Tree Maldives Marine Lab
Banyan Tree Ringha

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 Academy is launched, in line with the Group’s commitment to internal talent development.

2009

Banyan Tree Global Foundation is established as the Group’s non-profit arm.

2013

The Group launches Laguna Lăng Cô, its first project in Vietnam.

Laguna Lăng Cô, Vietnam

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.

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

Loft Water, Cassia Phuket

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.

Banyan Tree Cabo Marques

2017

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 Group’s first resort in Singapore.

2019

Banyan Tree Group celebrates its 25th Anniversary.

25th Anniversary

2020

Banyan Tree Holdings Limited issues Convertible Bonds. 

Banyan Tree Global Foundation inaugurates Greater Good Grants to support external environmental and community projects.

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 is among the first hospitality brands to join Expedia Group in the UNESCO Sustainable Travel Pledge.

The first Garrya resort, Garrya Huzhou Lucun, opens in China.

HOMM Bliss Southbeach Patong in Phuket, Thailand, opens as the first HOMM property.

Banyan Tree Veya, Phuket, Thailand

2022

The first Banyan Tree Veya opens in Phuket, Thailand.

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

The first Banyan Tree Escape opens at Buahan in Bali, Indonesia.

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

The Group debuts in Saudi Arabia with the opening of Banyan Tree AlUla.

Garrya Nijo Castle Kyoto
Banyan Tree Dubai
Folio Sakura Shibsaibashi, Osaka, Japan

2023

The Group celebrates the opening of Banyan Tree Dubai, its 70th property and the first in the United Arab Emirates.

A new brand extension, the Angsana Heritage Collection, is introduced.

Folio debuts with the opening of Folio Sakura Shinsaibashi in Osaka, Japan.

The Group’s collaborative rewilding project with SUGi begins at Laguna Phuket.

Laguna Wellness by Bangkok Dusit Medical Services opens in Phuket, Thailand.

The Stay for Good Programme launches as an integral part of the Group’s Brand for Good framework.

The HR Asia Awards recognise Laguna Phuket as one of the Best Companies To Work For.

Annual Report 2023

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© 2024 Banyan Group

Annual Report 2023

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© 2024 Banyan Group