{"id":785,"date":"2022-03-21T18:20:52","date_gmt":"2022-03-21T18:20:52","guid":{"rendered":"https:\/\/btg.ccstageco.com\/?page_id=785"},"modified":"2024-04-03T12:07:32","modified_gmt":"2024-04-03T04:07:32","slug":"our-business-in-brief","status":"publish","type":"page","link":"https:\/\/annualreport.groupbanyan.com\/2023\/our-business-in-brief\/","title":{"rendered":"Our Business in Brief"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"785\" class=\"elementor elementor-785\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-447f35d e-flex e-con-boxed e-con e-parent\" data-id=\"447f35d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1cccb6f e-con-full e-flex e-con e-child\" data-id=\"1cccb6f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f161ef5 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"f161ef5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">OUR BUSINESS <br>IN BRIEF<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e05456b e-flex e-con-boxed e-con e-parent\" data-id=\"e05456b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2ad8803 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"2ad8803\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key Figures<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d5da2db e-grid e-con-full e-con e-child\" data-id=\"d5da2db\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-4f3129a e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"4f3129a\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-db435ba elementor-widget elementor-widget-image\" data-id=\"db435ba\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"754\" height=\"1002\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Group-Revenue-1.png\" class=\"attachment-large size-large wp-image-9679\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Group-Revenue-1.png 754w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Group-Revenue-1-226x300.png 226w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Group-Revenue-1-226x300@2x.png 452w\" sizes=\"(max-width: 754px) 100vw, 754px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1160399 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"1160399\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:320}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0ac0a7c elementor-widget elementor-widget-image\" data-id=\"0ac0a7c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"750\" height=\"1002\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Asset-2@2x.png\" class=\"attachment-large size-large wp-image-8168\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Asset-2@2x.png 750w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Asset-2@2x-225x300.png 225w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Asset-2@2x-225x300@2x.png 450w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8d2aacb e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"8d2aacb\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-08f71ea elementor-widget elementor-widget-image\" data-id=\"08f71ea\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"742\" height=\"1002\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Core-Operating-Profit-1.png\" class=\"attachment-large size-large wp-image-9678\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Core-Operating-Profit-1.png 742w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Core-Operating-Profit-1-222x300.png 222w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/Our-Business-in-Brief_Core-Operating-Profit-1-222x300@2x.png 444w\" sizes=\"(max-width: 742px) 100vw, 742px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5cef158 e-flex e-con-boxed e-con e-parent\" data-id=\"5cef158\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4d31130 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"4d31130\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Five-Year Financial Highlights<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd605ef elementor-invisible elementor-widget elementor-widget-shortcode\" data-id=\"fd605ef\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-3\" class=\"tablepress tablepress-id-3 units-sold\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><b> 2019 <b><br \/>\n<b> S$m <b><\/td><td class=\"column-3\"><b> 2020 <b><br \/>\n<b> S$m <b><\/td><td class=\"column-4\"><b> 2021 <b><br \/>\n<b> S$m <b><\/td><td class=\"column-5\"><b> 2022 <b><br \/>\n<b> S$m <b><\/td><td class=\"column-6\"><b> 2023 <b><br \/>\n<b> S$m <b><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Revenue<\/td><td class=\"column-2\">347.0<\/td><td class=\"column-3\">157.8<\/td><td class=\"column-4\">221.2<\/td><td class=\"column-5\">271.3<\/td><td class=\"column-6\"><b> 327.9 <b><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Core Operating Profit <sup>1<\/sup><\/td><td class=\"column-2\">65.1<\/td><td class=\"column-3\">4.3<\/td><td class=\"column-4\">5.3<\/td><td class=\"column-5\">20.6<\/td><td class=\"column-6\"><b> 51.9 <b><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Operating Profit\/(Loss) <sup>2<\/sup><\/td><td class=\"column-2\">56.2<\/td><td class=\"column-3\">(35.1)<\/td><td class=\"column-4\">4.5<\/td><td class=\"column-5\">41.7<\/td><td class=\"column-6\"><b> 90.1 <b><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Profit\/(Loss) before tax (PBT)<\/td><td class=\"column-2\">14.0<\/td><td class=\"column-3\">(94.6)<\/td><td class=\"column-4\">(51.8)<\/td><td class=\"column-5\">1.3<\/td><td class=\"column-6\"><b> 42.6 <b><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Profit\/(Loss) after tax (PAT)<\/td><td class=\"column-2\">2.5<\/td><td class=\"column-3\">(102.5)<\/td><td class=\"column-4\">(61.3)<\/td><td class=\"column-5\">0.6<\/td><td class=\"column-6\"><b> 32.9 <b><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Profit\/(Loss) after tax &amp; minority interests (PATMI)<\/td><td class=\"column-2\">0.7<\/td><td class=\"column-3\">(95.8)<\/td><td class=\"column-4\">(55.2)<\/td><td class=\"column-5\">0.8<\/td><td class=\"column-6\"><b> 31.7 <b><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Operating Profit\/(Loss) Margin<\/td><td class=\"column-2\">16%<\/td><td class=\"column-3\">(22%)<\/td><td class=\"column-4\">2%<\/td><td class=\"column-5\">15%<\/td><td class=\"column-6\"><b> 27% <b><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><b>Per share ($)<\/b><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">\u2022 Basic earnings<\/td><td class=\"column-2\">0.001<\/td><td class=\"column-3\">(0.114)<\/td><td class=\"column-4\">(0.065)<\/td><td class=\"column-5\">0.001<\/td><td class=\"column-6\"><b> 0.037 <b><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">\u2022 Diluted earnings<\/td><td class=\"column-2\">0.001<\/td><td class=\"column-3\">(0.114)<\/td><td class=\"column-4\">(0.065)<\/td><td class=\"column-5\">0.001<\/td><td class=\"column-6\"><b> 0.037 <b><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">\u2022 Net assets<\/td><td class=\"column-2\">0.890<\/td><td class=\"column-3\">0.746<\/td><td class=\"column-4\">0.627<\/td><td class=\"column-5\">0.615<\/td><td class=\"column-6\"><b> 0.882 <b><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Net debt equity ratio<\/td><td class=\"column-2\">0.57\u00a0<\/td><td class=\"column-3\">0.72\u00a0<\/td><td class=\"column-4\">0.59\u00a0<\/td><td class=\"column-5\">0.46<\/td><td class=\"column-6\"><b> 0.27 <b><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><b>Net Assets<b><\/td><td class=\"column-2\">747.4<\/td><td class=\"column-3\">627.6<\/td><td class=\"column-4\">538.1<\/td><td class=\"column-5\">533.1<\/td><td class=\"column-6\"><b> 764.9 <b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3 from cache --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5c1b856 e-flex e-con-boxed e-con e-parent\" data-id=\"5c1b856\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3f23d60 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3f23d60\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Biannual Highlights<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a1c9518 e-grid e-con-full e-con e-child\" data-id=\"a1c9518\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-99a72a0 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"99a72a0\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9d12cd6 elementor-widget elementor-widget-image\" data-id=\"9d12cd6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"982\" height=\"568\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVPAR_Same-Store-1.png\" class=\"attachment-large size-large wp-image-8175\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVPAR_Same-Store-1.png 982w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVPAR_Same-Store-1-300x174.png 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVPAR_Same-Store-1-768x444.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVPAR_Same-Store-1-300x174@2x.png 600w\" sizes=\"(max-width: 982px) 100vw, 982px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f0cffdc e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"f0cffdc\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:320}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4d13b70 elementor-widget elementor-widget-image\" data-id=\"4d13b70\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"602\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSET-VALUE-PER-SHARE-1-1024x602.png\" class=\"attachment-large size-large wp-image-8184\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSET-VALUE-PER-SHARE-1-1024x602.png 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSET-VALUE-PER-SHARE-1-300x176.png 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSET-VALUE-PER-SHARE-1-768x452.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSET-VALUE-PER-SHARE-1-1536x903.png 1536w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSET-VALUE-PER-SHARE-1-2048x1204.png 2048w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSET-VALUE-PER-SHARE-1-300x176@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-12952cc e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"12952cc\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d085d18 elementor-widget elementor-widget-image\" data-id=\"d085d18\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSETS-1-1024x603.png\" class=\"attachment-large size-large wp-image-8185\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSETS-1-1024x603.png 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSETS-1-300x177.png 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSETS-1-768x452.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSETS-1-1536x904.png 1536w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSETS-1-2048x1205.png 2048w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_NET-ASSETS-1-300x177@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e98e4f1 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"e98e4f1\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:320}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-618073b elementor-widget elementor-widget-image\" data-id=\"618073b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVENUE-1-1024x603.png\" class=\"attachment-large size-large wp-image-8189\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVENUE-1-1024x603.png 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVENUE-1-300x177.png 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVENUE-1-768x452.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVENUE-1-1536x904.png 1536w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVENUE-1-2048x1205.png 2048w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_REVENUE-1-300x177@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-07aad8a e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"07aad8a\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e3c9fb9 elementor-widget elementor-widget-image\" data-id=\"e3c9fb9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_CORE-OPERATING-PROFIT-1024x603.png\" class=\"attachment-large size-large wp-image-8186\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_CORE-OPERATING-PROFIT-1024x603.png 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_CORE-OPERATING-PROFIT-300x177.png 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_CORE-OPERATING-PROFIT-768x452.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_CORE-OPERATING-PROFIT-1536x904.png 1536w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_CORE-OPERATING-PROFIT-2048x1205.png 2048w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_CORE-OPERATING-PROFIT-300x177@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3bfca91 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"3bfca91\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:320}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6deb544 elementor-widget elementor-widget-image\" data-id=\"6deb544\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-1-1024x603.png\" class=\"attachment-large size-large wp-image-8187\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-1-1024x603.png 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-1-300x177.png 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-1-768x452.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-1-1536x904.png 1536w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-1-2048x1205.png 2048w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-1-300x177@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a4a1911 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"a4a1911\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d1d038e elementor-widget elementor-widget-image\" data-id=\"d1d038e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-MARGIN-1-1024x603.png\" class=\"attachment-large size-large wp-image-8188\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-MARGIN-1-1024x603.png 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-MARGIN-1-300x177.png 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-MARGIN-1-768x452.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-MARGIN-1-1536x904.png 1536w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-MARGIN-1-2048x1205.png 2048w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Biannual_OPERATING-PROFIT-MARGIN-1-300x177@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81180e8 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"81180e8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p class=\"p1\"><sup>1 <\/sup>Refers to Operating Profit excluding one-off gains or losses. This is an alternative financial measurement and do not have a standardised meaning prescribed by Singapore Financial Reporting Standards (International).<\/p><p><sup>2 <\/sup>Refers to Earnings before interests, taxes, depreciation and amortisation (\u201cEBITDA\u201d).<\/p><p><sup>3 <\/sup>RevPAR denotes revenue per available room.<\/p><p><sup>4 <\/sup>Same Store concept includes resorts\/hotels which are in operations in both current and comparative periods.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e4db277 e-flex e-con-boxed e-con e-parent\" data-id=\"e4db277\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-40f8cbf e-con-full e-flex e-con e-child\" data-id=\"40f8cbf\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-160a3f5 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"160a3f5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"856\" height=\"1024\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-AlUla-856x1024.jpg\" class=\"attachment-large size-large wp-image-8191\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-AlUla-856x1024.jpg 856w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-AlUla-251x300.jpg 251w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-AlUla-768x919.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-AlUla.jpg 1232w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-AlUla-251x300@2x.jpg 502w\" sizes=\"(max-width: 856px) 100vw, 856px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Banyan Tree AlUla, Saudi Arabia<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5ec5721 e-con-full e-flex e-con e-child\" data-id=\"5ec5721\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5584a05 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"5584a05\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Group Revenue<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fc7170 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"5fc7170\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Banyan Tree Holdings Limited and\nits subsidiaries (\u201cBanyan Group\u201d\nor \u201cthe Group\u201d) is an independent,\nglobal hospitality company with\npurpose. Founded in 1994 , we have\ngrown our footprint to 22 countries\nacross the world. We operate with\nmulti-branded presence in 10 of\nthese, capitalising on their potential\nas high-growth travel destinations.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72c1e77 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"72c1e77\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">With over 10,000 associates, we create distinctive, design-led experiences while pursuing the Group\u2019s mission to create long-term benefits for all our stakeholders. As a pioneer of sustainable hospitality, we remain committed to \u201cEmbracing the Environment, Empowering People\u201d through our business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4b6b923 e-flex e-con-boxed e-con e-parent\" data-id=\"4b6b923\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ffd68a4 e-con-full e-flex e-con e-child\" data-id=\"ffd68a4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0e6142c elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"0e6142c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Revenue Figures<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb1313e elementor-invisible elementor-widget elementor-widget-image\" data-id=\"eb1313e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1006\" height=\"1024\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/BG_Business-ReviewREVENUE-FIGURES@2x-1006x1024.png\" class=\"attachment-large size-large wp-image-9638\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/BG_Business-ReviewREVENUE-FIGURES@2x-1006x1024.png 1006w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/BG_Business-ReviewREVENUE-FIGURES@2x-295x300.png 295w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/BG_Business-ReviewREVENUE-FIGURES@2x-768x782.png 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/BG_Business-ReviewREVENUE-FIGURES@2x.png 1020w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/04\/BG_Business-ReviewREVENUE-FIGURES@2x-295x300@2x.png 590w\" sizes=\"(max-width: 1006px) 100vw, 1006px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e458c94 elementor-invisible elementor-widget elementor-widget-shortcode\" data-id=\"e458c94\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-4\" class=\"tablepress tablepress-id-4 units-sold\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><b> 2023 <b><br \/>\n<b> S$'m <b><\/td><td class=\"column-3\"><b>2023 <b><br \/>\n<b> % <b><\/td><td class=\"column-4\">2022<br \/>\nS$'m<\/td><td class=\"column-5\">2022<br \/>\n%<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><b>Group<\/b><\/td><td class=\"column-2\"><b> 327.9 <b><\/td><td class=\"column-3\"><b> 100% <b><\/td><td class=\"column-4\">271.3<\/td><td class=\"column-5\">100%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Hotel Investments<\/td><td class=\"column-2\"><b> 180.7 <b><\/td><td class=\"column-3\"><b> 55% <b><\/td><td class=\"column-4\">134.5<\/td><td class=\"column-5\">50%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Residences<\/td><td class=\"column-2\"><b> 87.3 <b><\/td><td class=\"column-3\"><b> 27% <b><\/td><td class=\"column-4\">90.8<\/td><td class=\"column-5\">33%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Fee-based<\/td><td class=\"column-2\"><b> 59.9 <b><\/td><td class=\"column-3\"><b> 18% <b><\/td><td class=\"column-4\">46.0<\/td><td class=\"column-5\">17%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><b>Hotel Investments<\/b><\/td><td class=\"column-2\"><b> 180.7 <b><\/td><td class=\"column-3\"><b> 100% <b><\/td><td class=\"column-4\">134.5<\/td><td class=\"column-5\">100%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Thailand<\/td><td class=\"column-2\"><b> 127.9 <b><\/td><td class=\"column-3\"><b> 71% <b><\/td><td class=\"column-4\">84.9<\/td><td class=\"column-5\">63%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Indian Oceania<\/td><td class=\"column-2\"><b> 43.5 <b><\/td><td class=\"column-3\"><b> 24% <b><\/td><td class=\"column-4\">45.2<\/td><td class=\"column-5\">34%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Others<\/td><td class=\"column-2\"><b> 9.3 <b><\/td><td class=\"column-3\"><b> 5% <b><\/td><td class=\"column-4\">4.4 <\/td><td class=\"column-5\">3%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><b>Residences<\/b><\/td><td class=\"column-2\"><b> 87.3 <b> <\/td><td class=\"column-3\"><b> 100% <b><\/td><td class=\"column-4\">90.8<\/td><td class=\"column-5\">100%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><b>Fee-based<\/b><\/td><td class=\"column-2\"><b> 59.9 <b> <\/td><td class=\"column-3\"><b> 100% <b><\/td><td class=\"column-4\">46.0<\/td><td class=\"column-5\">100%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Hotel Management<\/td><td class=\"column-2\"><b> 37.0 <b><\/td><td class=\"column-3\"><b> 62% <b><\/td><td class=\"column-4\">28.4 <\/td><td class=\"column-5\">62%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Spa, Wellbeing &amp; Gallery<\/td><td class=\"column-2\"><b> 8.6 <b><\/td><td class=\"column-3\"><b> 14% <b><\/td><td class=\"column-4\">6.3 <\/td><td class=\"column-5\">14%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Design &amp; Other Services<\/td><td class=\"column-2\"><b> 14.3 <b><\/td><td class=\"column-3\"><b> 24% <b><\/td><td class=\"column-4\">11.3<\/td><td class=\"column-5\">24%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-4 from cache --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e9c86a5 e-flex e-con-boxed e-con e-parent\" data-id=\"e9c86a5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7ea0548 e-con-full e-flex e-con e-child\" data-id=\"7ea0548\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2020356 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"2020356\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"856\" height=\"1024\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Wellbeing-journey-856x1024.jpg\" class=\"attachment-large size-large wp-image-8206\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Wellbeing-journey-856x1024.jpg 856w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Wellbeing-journey-251x300.jpg 251w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Wellbeing-journey-768x919.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Wellbeing-journey.jpg 1232w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Wellbeing-journey-251x300@2x.jpg 502w\" sizes=\"(max-width: 856px) 100vw, 856px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Wellbeing journey at Banyan Tree Veya Phuket, Thailand<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bee335c e-con-full e-flex e-con e-child\" data-id=\"bee335c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-824e2a3 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"824e2a3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Resilience from Diversification <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe3b398 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"fe3b398\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Diversification has been vital to the Group\u2019s resilience. Our portfolio of offerings encompasses hotels, residences, F&B, wellbeing, retail and membership. At the same time, our multi-brand portfolio has yielded a diverse and thus resilient market mix. Our intentional strategy of diversifying the market mix of hotel guests has likewise borne fruit.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4bdf91 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"f4bdf91\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Compared to 2019, we have expanded our key markets beyond the UK, US and China, driven largely by an increase in domestic and regional tourism especially in Asia and a diversification of our brand offerings and operating footprint.<\/p><p class=\"p1\">2023 was a comeback year for Banyan Group. With the strong rebound in tourism, Group revenue was 21% higher year-on-year and Core Operating Profit more than doubled to S$51.9 million. Hotel Revenue Per Available Room (RevPAR) increased by 35% (on a samestore basis) compared to 2022, while the Residences segment posted an all-time high of S$267.8 million worth of new sales. Importantly, China lifted travel restrictions in early 2023, leading to more than fivefold increase in outbound sales revenue. The above results indicate a resilient post-pandemic recovery for the Group, setting the stage for robust growth in 2024.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2ec24f7 e-flex e-con-boxed e-con e-parent\" data-id=\"2ec24f7\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6c8bbe4 e-con-full e-flex e-con e-child\" data-id=\"6c8bbe4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-68680e5 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"68680e5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"688\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Veya-Valle-de-Guadalupe-1024x688.jpg\" class=\"attachment-large size-large wp-image-8208\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Veya-Valle-de-Guadalupe-1024x688.jpg 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Veya-Valle-de-Guadalupe-300x202.jpg 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Veya-Valle-de-Guadalupe-768x516.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Veya-Valle-de-Guadalupe.jpg 1232w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Veya-Valle-de-Guadalupe-300x202@2x.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Banyan Tree Veya Valle de Guadalupe, Mexico<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d44bc9a e-con-full e-flex e-con e-child\" data-id=\"d44bc9a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-366af11 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"366af11\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Strengthening Sales & Marketing<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6d22ea elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"b6d22ea\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Further expansion of our direct channels increased their contribution by 27% in 2023 as compared with the previous year.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffada6f elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"ffada6f\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Global campaigns and promotions played an important role in bolstering our hotel business. We ran two global campaigns. \u201cLive Well, Travel Well\u201d aims to inspire guests to experience life through a different lens, while \u201cSummer Stories\u201d invites them to create their dream vacations in breath-taking destinations like Mexico and Japan. In 2023, revenue from these campaigns grew by a strong 117% against 2022.<\/p><p class=\"p1\">At a more granular level, we drove incremental revenue by targeting new audiences and focusing marketing efforts on differentiated segments, such as families, couples and individuals pursuing wellbeing.<\/p><p class=\"p1\">Transformation of the Group\u2019s Sales &amp; Marketing continued as we harnessed digital technology more effectively. The introduction of automated marketing in customer relationship management led to a more than twofold increase in total attributed revenue.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1ae30d6 e-flex e-con-boxed e-con e-parent\" data-id=\"1ae30d6\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4c18726 e-con-full e-flex e-con e-child\" data-id=\"4c18726\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d23669a elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d23669a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Elevating Guest Satisfaction<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18a04d0 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"18a04d0\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Our constant efforts to create exceptional experiences succeeded in raising our global scoring on guest satisfaction in 2023. The Guest Review Index (GRI), which measures online reviews from over 175 Online Travel Agents (OTAs) including\nExpedia and Tripadvisor, improved\nfrom 94.0% to 94.5%, while our Net\nPromoter Score (NPS) improved\nby nearly 10 points year-on-year.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c317fa elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"1c317fa\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">We also continue to outperform the market, as shown by our score of 101.5% on the Competitive Quality Index (CQI) in 2023, an improvement of 0.2 points over 2022.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ae50e62 e-flex e-con-boxed e-con e-parent\" data-id=\"ae50e62\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-20d80e5 e-con-full e-flex e-con e-child\" data-id=\"20d80e5\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-208d8b5 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"208d8b5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"688\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Cabo-Marques-Mexico-1024x688.jpg\" class=\"attachment-large size-large wp-image-8209\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Cabo-Marques-Mexico-1024x688.jpg 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Cabo-Marques-Mexico-300x202.jpg 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Cabo-Marques-Mexico-768x516.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Cabo-Marques-Mexico.jpg 1232w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_Banyan-Tree-Cabo-Marques-Mexico-300x202@2x.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Banyan Tree Cabo Marques, Mexico<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7672f4e e-con-full e-flex e-con e-child\" data-id=\"7672f4e\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eaaaeb7 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"eaaaeb7\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Hotel Investments<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2ce325 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"b2ce325\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">We own and manage hotels under Banyan Group\u2019s portfolio of brands.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b31d61d elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"b31d61d\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">As of 31 December 2023, we owned 12 hotels, comprising over 1,700 keys.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2867cf7 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"2867cf7\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:560}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0b1ae76 elementor-widget__width-initial elementor-widget elementor-widget-counter\" data-id=\"0b1ae76\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"counter.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-counter{display:flex;justify-content:center;align-items:stretch;flex-direction:column-reverse}.elementor-counter .elementor-counter-number{flex-grow:var(--counter-number-grow,0)}.elementor-counter .elementor-counter-number-wrapper{flex:1;display:flex;font-size:69px;font-weight:600;line-height:1;text-align:center}.elementor-counter .elementor-counter-number-prefix{text-align:end;flex-grow:var(--counter-prefix-grow,1);white-space:pre-wrap}.elementor-counter .elementor-counter-number-suffix{text-align:start;flex-grow:var(--counter-suffix-grow,1);white-space:pre-wrap}.elementor-counter .elementor-counter-title{flex:1;display:flex;justify-content:center;align-items:center;margin:0;padding:0;font-size:19px;font-weight:400;line-height:2.5}<\/style>\t\t<div class=\"elementor-counter\">\n\t\t\t<div class=\"elementor-counter-title\">Hotels<\/div>\t\t\t<div class=\"elementor-counter-number-wrapper\">\n\t\t\t\t<span class=\"elementor-counter-number-prefix\"><\/span>\n\t\t\t\t<span class=\"elementor-counter-number\" data-duration=\"2000\" data-to-value=\"12\" data-from-value=\"0\" data-delimiter=\",\">0<\/span>\n\t\t\t\t<span class=\"elementor-counter-number-suffix\"><\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08d0d1d elementor-widget__width-initial elementor-widget elementor-widget-counter\" data-id=\"08d0d1d\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"counter.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-counter\">\n\t\t\t<div class=\"elementor-counter-title\">Keys Owned<\/div>\t\t\t<div class=\"elementor-counter-number-wrapper\">\n\t\t\t\t<span class=\"elementor-counter-number-prefix\"><\/span>\n\t\t\t\t<span class=\"elementor-counter-number\" data-duration=\"2000\" data-to-value=\"1700\" data-from-value=\"1000\" data-delimiter=\",\">1000<\/span>\n\t\t\t\t<span class=\"elementor-counter-number-suffix\"><sup>+<\/sup><\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f40f44b e-flex e-con-boxed e-con e-parent\" data-id=\"f40f44b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-af59f99 e-con-full e-flex e-con e-child\" data-id=\"af59f99\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-475d1e3 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"475d1e3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Residences<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bed958 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"2bed958\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">This segment encompasses the sales of branded Residences, including some that operate under a leaseback scheme.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fa8fca elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"3fa8fca\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Under the leaseback arrangement, villas or apartments are sold to investors who then lease them back as part of our hotel operations. These residences are presently offered in China, Indonesia, Mexico, Thailand and Vietnam.<\/p><p class=\"p1\">Additionally, this segment includes other residential properties such as townhomes, bungalows and apartments situated within the vicinity of our resorts but not integrated into our hotel operations. These residences, notably Banyan Tree, Angsana, Skypark and Laguna, are currently available for sale in Thailand and Vietnam.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a7a8a39 e-flex e-con-boxed e-con e-parent\" data-id=\"a7a8a39\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-de4843f e-con-full e-flex e-con e-child\" data-id=\"de4843f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bb9fed8 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"bb9fed8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"856\" height=\"1024\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_8lements-Spa-856x1024.jpg\" class=\"attachment-large size-large wp-image-8210\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_8lements-Spa-856x1024.jpg 856w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_8lements-Spa-251x300.jpg 251w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_8lements-Spa-768x919.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_8lements-Spa.jpg 1232w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Our-Business-in-Brief_8lements-Spa-251x300@2x.jpg 502w\" sizes=\"(max-width: 856px) 100vw, 856px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">8lements Spa<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bc5c55b e-con-full e-flex e-con e-child\" data-id=\"bc5c55b\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1445fcf elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"1445fcf\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Fee-based<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0479a95 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"0479a95\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Our Fee-based business comprises hotel management, spa, wellbeing & gallery, and design & other services. We manage 63 resorts and hotels (include fully managed, franchise and co-development properties) and operate 62 spas, 59 gallery outlets and three golf courses.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaa19bf elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"eaa19bf\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h6><strong>Hotel Management<\/strong><\/h6><p class=\"p1\">Besides managing hotels for other owners, we manage an asset-backed destination club and a private equity fund. In addition, the Group derives royalties from the sale of properties in which we hold a minority or no interest.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5edb5df elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"5edb5df\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h6><strong>Spa, Wellbeing &amp; Gallery<\/strong><\/h6><p class=\"p1\">We pioneered the tropical garden spa concept and manage spas within our own resorts as well as resorts owned by other operators. The Group\u2019s retail arm Gallery, supports indigenous artistry and the livelihoods of village artisans.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a8e361 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"9a8e361\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h6><strong>Design &amp; Other Services<\/strong><\/h6><p class=\"p1\">We receive fees for design services and income from operating golf clubs. Most of our resorts are planned and designed by our experienced in-house division.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f430ac0 e-flex e-con-boxed e-con e-parent\" data-id=\"f430ac0\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b29b699 e-con-full e-flex e-con e-child\" data-id=\"b29b699\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-174568a elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"174568a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Next<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5605b1e elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"5605b1e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/annualreport.groupbanyan.com\/2023\/business-review\/\">Business <br>Review<\/a><\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a82a1fd elementor-align-left elementor-widget__width-inherit elementor-invisible elementor-widget elementor-widget-button\" data-id=\"a82a1fd\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/annualreport.groupbanyan.com\/2023\/business-review\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-right\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-long-arrow-alt-right\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">READ NEXT SECTION<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>OUR BUSINESS IN BRIEF Key Figures Five-Year Financial Highlights Biannual Highlights 1 Refers to Operating Profit excluding one-off gains or losses. This is an alternative financial measurement and do not have a standardised meaning prescribed by Singapore Financial Reporting Standards (International). 2 Refers to Earnings before interests, taxes, depreciation and amortisation (\u201cEBITDA\u201d). 3 RevPAR denotes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"meta_box":[],"_links":{"self":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages\/785"}],"collection":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/comments?post=785"}],"version-history":[{"count":608,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages\/785\/revisions"}],"predecessor-version":[{"id":9714,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages\/785\/revisions\/9714"}],"wp:attachment":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/media?parent=785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}