Banyan Tree Essay

negligible advertising, still high level of station aw beness through clubs public cut acrossings and spheric marketing programs. Faced the ch every in allenge of translating and maintaining the success of a niche Asian hospitality brand into various market segments on a global scale Innovative niche product that could excessively bridge the price gap in this market Building a utilise comprising individual villas with locally inspired architectural goal and vexed as a romantic and intimate escapade for guests Sanctuary for the senses. banyan head guide impetus local culture and heritage and promoting cottage Crafts, retail outlet showcasing indigenous crafts, whole works confiningly with village cooperatives and not-for-profit craft marketing agents.Marketing high-end travel magazines in key markets public transaction global marketing programs (increase editorial c all overage) few key whole changers in each targeted market agents specializing in exlusive luxu ry holidays targeted at wealthy customers rank and file in the Small Luxury Hotels and Leading Hotels of the World GDS cose BY (own global scattering system used by travel providers to process airline, hotel, car rental and other distribution partners around the world.Actively caring for the inwrought and human environment, revitalizing local communities, worked actively to preserve, protect, and promote the natural and human environments in which BYT resorts where located. Minimizing the impact on the environment Green Communities = planted trees, engage local communities, associates, guests to mete out the causes of climate change and actions that can reduce our collected carbon sign. Green Imperative Fund to supercharge support community-based and environmental initiatives in the regions where it has a presence.The company believed in building profitable resorts that would benefit the meet environment and contribute to local economies through the creation of employment a nd community development projects. Businesses with local farmers and traders by making it a point to purchase fresh produce from them. Community Relations Department was tag up to develop and manage community outreach programs. Seedling BTHRs formalized program which aimed to help oung adults from local communities and spark off them and provide the means for completing their education to success to the full enter the labor force as adults. emerging openening city hotels and angsana hotels in Dubai and London (angsana brand in response to the demand for hotel operators in Asia that were keen to butt in spa run in their hotel, it is more contemporary and affordable brand. Musem Shop by banyan tree joint partnetship with Singapors national heritage board to showcase Asia rich and diverse heathen heritage through unique museum-inspired merchandise. banyan channelize Holdings ( banian maneuver) is an investment holding company involved in managing and developing premium resorts, hotels and spas in the Asia Pacific. To date, the banyan tree tree diagram concourse manages and/or has ownership interests in close to 36 hotels and resorts, around 73 spas, 91 galleriesand 3 golf courses in 28 countries The company operates in Asia, Mexico and Morocco, New Zealand, Africa, Dubai, and the UK. Banyan manoeuvre operates through three backing segments hotel investment, quality gross revenue enhancement, and fee-based.The hotel investments segment relates to hotel and restaurant exertions. The shoes gross revenue segment comp shews hotel residences, Laguna comelyty sales and development project/site sales. Hotel residences business relates to the sale of hotel villas or suites which argon part of hotel operations, to investors down the stairs a compulsory leaseback scheme. Laguna property sales business relates to the development and sale of properties which are standal one vacation homes in Laguna Phuket. Development project/site sales relates to pure devel opment land sales or development land sales which are fully or partially developed with infrastructure.The fee-based segment comprises the precaution of hotels and resorts, the management of an asset-backed destination club, the management of private-equity funds, the management and operation of spas, the sales of merchandise, the pro day-dream of architectural and intent run, the management and ownership of golf courses, and rental of retail outlets and offices. The companys subsidiaries (dochterbedrijf) imply Banyan shoetree Spa Bangkok, Banyan direct Spa Bintan, Banyan manoeuver Spa Ringha, Banyan Tree Spa Phuket, Banyan Tree Sanya, and Banyan Tree Macau, among others.Banyan Tree Holdings (Banyan Tree) is engaged in the management and development of premium resorts, hotels and spas. The companys key services include the following. Hotel and restaurant operations Sale of hotel villas or suites Development and sale of properties Pure development land sales Management of h otels and resorts Management of an asset-backed destination club Management of private-equity funds -Management and operation of spas Architectural and design services Management and ownership of golf courses Rental of retail outlets and offices.The following companies are the major competitors of Banyan Tree Holdings Limited Central Plaza Hotel Public Company Limited Four Seasons Hotels Inc Associated International Hotels Ltd In the preceding(a) few years, such events risks as the Tohoku earthquake and tsunami, bird flu, floods and riots in Thailand have been hard on our industry, make tourism as a whole to dry up in their wake. By comparison, economic recessions are part and parcel of the business cycle, which we are able to take in our stride and counter with a variety of measures.During the year, the world remained mired in the European sovereign debt crisis and American economic weakness. Although these conditions affected our arrivals in general from Europe, we were able to capitalise on the flourishing Chinese market. At our four resorts in the Maldives, for example, the number of Chinese guests surpassed those from Europe. In our continuing efforts to rebalance the collections assets, we make the bar defecate purchase of Banyan Tree Seychelles which gave rise to a net gain. We as well as sold and leased back Angsana Velavaru in January 2013.The hybrid structure of this deal is a first for Banyan Tree, and we are pleased with how it allows us to rebalance our portfolio while still participating in the profits from the operations of Angsana Velavaru. 2012 with overall revenue growing 3% to S$338. 4 million. Due to amend results from our hotel investments and fee-based businesses, as well as a higher ploughshare from completed sales of property units. host EBITDA was S$74. 5 million, up 51% on the back of higher revenue and a gain on the bargain purchase of Banyan Tree Seychelles.This in turn resulted in PATMI increasing by 856% (S$14. mill ion), tempered by higher finance costs and income tax expenses. HOTEL INVESTMENTS Our hotel investments delivered a stronger murder in 2012, with Group-owned hotels visiting card total revenue of S$187. 7 million, up 15% from the previous year. This was due to the higher contribution from our Thai properties and the consolidation of revenue from Banyan Tree Seychelles from 2Q12 onwards. These gains were partially offset by lower revenue from our Maldives properties as Banyan Tree Vabbinfaru and Angsana Ihuru were temporarily closed for refurbishment.As a result of the increase in revenue, EBITDA for this segment grew by a healthy 69% to S$36. 6 million. PROPERTY SALES revenue enhancement from property sales was S$42. 7 million. The 36% decrease was due to the sale of development sites in Lijiang, Yangshuo and Huangshan to our China Fund in 2011. Excluding those transactions, revenue and EBITDA from property sales saw maturation of 43% and 74% respectively, thanks to a higher co ntribution from completed sales of property units. FEE-BASED Total revenue from our fee-based businesses registered growth of 9% to reach S$108. million.This was attributable to an increase in fees from hotel management and architectural and interior design and other services. Accordingly, EBITDA for our fee-based businesses grew by 23%. 2013 appears to be another challenging year for the global economy. We anticipate keep weakness in our European target markets. In Asia, which has been the worlds economic engine these ago four years, growth is likely to moderate. Despite the cooling of Chinas economy, the tourism market both(prenominal) inbound and outbound is expected to continue to grow.The Chinese government is aggressively promoting domestic tourism as part of its strategy to increase domestic consumption, thereby cushioning the slowdown in export manufacturing. Banyan Trees strong branding and rapidly expanding footprint in China give position us to take advantage of this trend. Our seven regional marketing offices in China will be invaluable in enabling us to tap the vast potential of this market and to enhance awareness of our hotels with key accounts in China.Our strategy going forward will include continuing with our asset rebalancing to open value and deploy capital to more promising markets. At the same time, we are exploring the possibility of extending the made Fund model into other areas. In terms of growing particular segments, we will be centre on increasing income from our fee-based and property sales businesses. We have built the fee-based segment to a point where it flat has an impetus of its own.On the property sales front, we plan to move into selling more primary and serviced residences. primitive residences under the Banyan Tree brand, We will also be going forward with the establishment of a third brand of residences to be alone sold and managed by us. Rather than compete with local property developers, we will leverage our branding and design skills to market to a niche audience in China. We will also be going forward with the establishment of a third brand of residences to be wholly sold and managed by us.Catering to an entirely new market of price-conscious buyers, these properties will be smaller in size yet deliver the quality and innovation that are hallmarks of Banyan Tree. Strongly associated with our brand is the design of a triple bottom line. In our pursuit of economic, social and environmental success, we made major investments in resource conservation, upbringing and benchmarking, greening and community efforts in 2012. Under the EarthCheck system of sustainability certification, we also planted in six-year a total to over 220,000 trees.Banyan Tree Hotels and Resorts offer an intimate retreat experience featuring its tactual sensation blend of romance, rejuvenation and exotic sensuality. Our philosophy is based on providing a place for rejuvenation of the body, mind and soul a Sanctu ary for the Senses. Placing special emphasis on providing guests with a sense of place, each Banyan Tree property is designed to fit into its natural surroundings, using indigenous materials as far as possible and reflecting the landscape and architecture of the destination.Pioneering he tropical garden spa concept with Asian health and beauty remedies passed down from generations, Banyan Tree Spa was created as the signature experience in all Banyan Tree resorts, to complement the Sanctuary for the Senses wellness concept. With the emphasis on high service standards and consistency, therapists are professionally trained at Banyan Tree Spa Academies in Phuket, Thailand, and Lijiang, China. The Banyan Tree Gallery supports local communities by exhibiting and retailing indigenous handicrafts, which are also found in the resorts.A quintessential highlight of the Banyan Tree experience, Banyan Tree Gallery aspires to recreate the unique Banyan Tree experience withits extensive selection ofAsian-style furnishings, Banyan Tree Spa collection, eco-friendly products, indigenous village handicrafts, ethnic uniform and accessories, and objects dart. Banyan Tree Holdings Limited is a leading, international hospitality brand that manages and develops premium resorts, hotels and spas. Its modern business model is based on seven business segments generating multiple income streams that is unique in itself inside the hospitality industry.This formula of developing and managing complementary product offerings with in-house endowment makes it difficult for competitors to duplicate with the same level of success. Banyan Trees vertically co-ordinated business model comprises Hotel investment Banyan Tree owns and manages luxury hotels under its brands, as well as hotels that are managed by other world-class operators. Hotel management Banyan Tree additionally manages properties under the Banyan Tree and Angsana brands for other owners.Canopy Marketing Group Pte Ltd A company wholly owned by Banyan Tree Services, Canopy Marketing Group Pte Ltd provides high-level strategic insights on various global niche markets to drive top line performance of our diverse range of lifestyle products including hotels, resorts, spas, gallery, destination club and residential ownership. It has a full-suite of marketing capabilities specializing in the branding, marketing and promotion. Spa operations Banyan Tree Spa pioneered the tropical garden spa concept, and has since grown to over 60 outlets worldwide.Gallery operations The retail arm is consolidated under Banyan Tree Gallery, which comprises fiver brand segments located in over 70 stores worldwide. Hotel residences Hotel inventory are primarily sold under the brand name Banyan Tree Residences. Property sales Properties that are not part of hotel operations are sold by our subsidiary company, Laguna Resorts and Hotels, and its subsidiaries, in Laguna Phuket. Design and other services Revenue from design services is earned by Architrave, Banyan Trees in-house architectural arm. some other service fees include income from operating golf clubs. Real Estate Hospitality Funds Banyan Tree Capital was set upto tap private equity and other sources of investments in order to provide a cost efficient structure to fund the Groups future developments. With about 8,000 associates of over 50 nationalities, the diversity of its workforce is a key feature of the Group and helps to inspire its international outlook. To address its talent development needs, Banyan Tree throwed Banyan Tree Management Academy (BTMA) in 2008.This centralised training facility located in Phuket, Thailand will train future Banyan Tree leaders require to sustain organisational effectiveness and to meet the demands of its rapid global growth. Part of Banyan Trees vision has always been to grow into a global business, with a portfolio of properties strategically placed around the world. The Groups mission is inextricably intertw ined with its commitment to corporate social province and sustainable growth, as it continues to expand globally.The launch of Banyan Tree Residences, which allows investors to buy their own signature villa, townhouse or apartment in Banyan Tree resorts. Banyan Tree Private Collection was launched to cater to the growing niche for destination club membership 2005 Marking the gatherings long awaited foray into China is Banyan Tree Ringha, in Yunnan. 2001 Banyan Tree established the Green Imperative Fund to formalise its corporate social responsibility efforts. The Banyan Tree Spa Academy was set up to provide training for new therapists as well as research new treatment recipes and techniques.Banyan Tree Capital is a reliable estate fund management company established by the Banyan Tree group, a known luxury hospitality company listed in Singapore, to focus on hospitality-based real estate investment. Banyan Tree Capital raises, develops and manages branded hospitality funds in k ey development markets of the Banyan Tree group. With a combination of fund management and asset development capabilities, Banyan Tree Capital leverages on the groups expertise in premium hospitality real estate development and anagement to generate dinky investment returns for its investors. Banyan Tree Capital is headquartered in Singapore with offices in China and Vietnam. We have successfully achieved higher room rates than the existing market in locations such as Lijiang, the Maldives and Seychelles. We have also found that our iconic brands also help raise the value of the surrounding land. Our innovative city products corporate trust all the iconic elements of our brand and differentiate developers within established, high cost city markets.We have the tractableness and capabilities to adapt our model to various locations so as to maximize returns for the developer As part of our strategy of enlarging our footprint in China, we will also be launching two more hotels in Shan ghai and one in Tianjin, adding to our ever growing presence in various gateway cities. We are also employing our capabilities all across China, where large tracts of land are being developed into gated residences and luxury hotels offered to the Chinese elite.One of Banyan Trees prime concerns is its associates. We pride ourselves in providing high levels of service excellence and providing tailor made training and career development programmes for our employees. No stone is left unturned in regards to training and proper introduction before a Banyan Tree is put into operation. Trained to the basic standards of 5 dealer hotels. Employees were empowered to exercise creativity and sensitivity although the strict administrative rules of the management.Employees were taken to and from work in air-condition buses, access to various amenities (good-quality canteens, medical services, childcare facilities). Banyan Tree is one of the worlds biggest and well known spa operators. Our levels of quality and service are unparalleled and uncompromised. We are the only vertically integrated hospitality company with strong capabilities to tackle and anticipate the challenges of superior planning and developing an integrated resort. We are able to take a property from inception to delivery with efficiencies that is entirely brand specific.Our n-house design team, Architrave, and project services team are extremely involved in all phases of the development master planning, designing, developing and coordinating, to checker developers a timely delivery of their asset. Being experienced developers, we are able to ensure that efficiencies and economies of scale are maximized along with guest experiences. Bintan, the Maldives and Phuket where the Angsana resort is positioned next to a Banyan Tree resort with shared back of house facilities. This model has allowed us to lower costs without cannibalizing rates, thereby boosting returns for our developers.