Banyan Tree Essay

Minimal advertising, slake high level of brand aw arness through high societys public relations and international interchange programs. Faced the ch aloneenge of translating and maintaining the success of a niche Asian cordial reception brand into sundry(a) foodstuff place divides on a global everywherecome Innovative niche overlap that could overly bridge the price open in this foodstuff Building a recidivate comprising individual villas with topically inspired architectural chassis and positioned as a romantic and advise escapade for guests Sanctuary for the senses.banian tree point movement local finish and heritage and promoting cottage Crafts, retail outlet showcasing indigenous crafts, works about with village cooperatives and not-for-profit craft merchandiseing agents.Marketing high-end travel magazines in divulge markets public relations global merchandising programs ( increase editorial coverage) fewer advert whole sales agreementrs in each t argeted market agents specializing in exlusive luxury holidays targeted at wet customers membership in the Small Luxury Hotels and Leading Hotels of the World GDS cose BY (own global distribution system used by travel providers to procedure airline, hotel, car rental and new(prenominal) distribution partners more or less the existence.Actively fondness for the subjective 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 manoeuvers, engage local communities, associates, guests to sh be the causes of climate change and actions that can concentrate our collected carbon footprint. Green Imperative Fund to further put up club- found and environmental initiatives in the regions where it has a presence.The company believed in building utile resorts that would benefit the surrounding e nvironment and contribute to local economies through the judgmention of employment and community development projects. Businesses with local farmers and traders by making it a point to leverage fresh produce from them. Community Relations department was set up to develop and manage community outreach programs.Seedling BTHRs formalized program which aimed to sponsoryoung adults from local communities and motivate them and provide the inwardness for completing their education to success amply enter the labor force as adults. Future openening metropolis hotels and angsana hotels in Dubai and London (angsana brand in result to the demand for hotel operators in Asia that were keen to introduce spa swear out 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 miscellaneous(a) cultural heritage through rum museum-inspired merchandise. banyan tree channelize Hold ings ( banyan tree) is an investment holding company involved in managing and ontogeny premium resorts, hotels and spas in the Asia Pacific. To date, the banian manoeuver collection manages and/or has possession 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 Zea shoot, Africa, Dubai, and the UK. banian tree shoetree operates through three production line segments hotel investment, post gross revenue, and fee-based. 1 The hotel investments segment relates to hotel and restaurant operations.The place gross sales segment comprises hotel residences, lagoon attribute sales and development project/site sales. Hotel residences business relates to the sale of hotel villas or suites which ar part of hotel operations, to investors under a compulsory lease buns end scheme. laguna property sales business relates to the development and sale of properties which be stand alone vacation homes in Laguna Phuket. Development project/site sales relates to pure development push down sales or development land sales which are fully or partially developed with infrastructure.The fee-based segment comprises the solicitude of hotels and resorts, the management of an asset-backed address club, the management of private- equity funds, the management and operation of spas, the sales of merchandise, the provision of architectural and design function, the management and ownership of golf courses, and rental of retail outlets and offices. The companys subsidiaries (dochterbedrijf) include banyan tree head health spa Bangkok, banian channelize resort hotel Bintan, banian channelise Spa Ringha, banian tree Spa Phuket, banyan tree 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 profound operates include the following. Hotel and restaurant operations Sale of hotel villas or suites Development and sale of properties Pure development land sales Management of hotels and resorts Management of an asset-backed ending 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 re fastidious Central Plaza Hotel unexclusive Company Limited Four Seasons Hotels Inc Associated International Hotels Ltd In the past few years, much(prenominal) events risks as the Tohoku earthquake and tsunami, bird flu, floods and riots in Siameseland have been dense on our industry, ca employ tourism as a whole to ironic up in their wake. By comparison, economic recessions are part and mailboat of the business cycle, which we are able to take in our stride and reply with a variety of measures.During the year, the world remained mired in the European self-directed debt crisis and American economic weakness. Although these conditions affected our arrivals primarily 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 sorts assets, we made the bargain corrupt of Banyan Tree Seychelles which gave rise to a net gain. We also change 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 maturation 3% to S$338. 4 million. Due to improved results from our hotel investments and fee-based businesses, as s easily up as a higher contribution from completed sales of property units. Group 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$14.9 million), tempered by higher finance costs and income tax expenses. HOTEL INVESTMENTS Our hotel investments quited a stronger performance in 2012, with Group-owned hotels posting 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 unlikeable 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 gross sales Revenue from property sales was S$42. 7 million. The 36% diminish was due to the sale of development sites in Lijiang, Yangshuo and Huangsha n to our China Fund in 2011. Excluding those transactions, revenue and EBITDA from property sales saw harvest-feast of 43% and 74% respectively, thanks to a higher contribution from completed sales of property units. FEE-BASED Total revenue from our fee-based businesses registered growth of 9% to reach S$108.This was due 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 continued weakness in our European target markets. In Asia, which has been the worlds economic engine these past four years, growth is likely to moderate. Despite the cooling of Chinas economy, the tourism market both inbound and outbound is expected to continue to grow.The Chinese administration is aggressively promoting domestic tourism as part of its strategy to increase domestic consumption, thereby cushioning the sl owdown in export manufacturing. Banyan Trees strong branding and fastly expanding footprint in China go away position us to take advantage of this trend. Our sevener regional marketing offices in China pass on be valuable 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 ahead will include continuing with our asset rebalancing to unlock value and position capital to more promising markets. At the same time, we are exploring the possibility of extending the successful Fund model into other areas. In terms of festering particular segments, we will be focusing on increasing income from our fee-based and property sales businesses. We have built the fee-based segment to a point where it right off has an impetus of its own.On the property sales front, we plan to move into selling more primary and serviced residences. Primary residences under the Banyan Tree brand, We will also be going for ward with the establishment of a tercet brand of residences to be wholly sold and managed by us. Rather than make out 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 concept of a triple bottom line. In our pursuit of economic, brotherly and environmental success, we made major investments in resource conservation, cultivation 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 retire birth featuring it s signature blend of romance, rejuvenation and exotic sensuality. Our philosophy is based on providing a place for rejuvenation of the body, mind and soul a Sanctuary 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.Pioneeringthe tropical garden spa concept with Asian health and knockout 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 health concept. With the emphasis on high service standards and consistency, therapists are professionally clever 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 apparel 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 innovative business model is based on seven business segments generating multiple income streams that is unique in itself within the hospitality industry.This formula of developing and managing complementary product offerings with in-house talent makes it difficult for competitors to duplicate with the same level of success. Banyan Trees vertically structured 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 operato rs. 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 sundry(a) 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 five brand segments located in over 70 stores worldwide. Hotel residences Hotel muniment are primarily sold under the brand name Banyan Tree Residences. Property sales Properties that are not part of hotel ope rations 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 get by Architrave, Banyan Trees in-house architectural arm.Other service fees include income from operating golf clubs. Real Estate Hospitality gold Banyan Tree groovy was set upto tap private equity and other sources of investments in order to provide a cost economical 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 launched Banyan Tree Management honorary society (BTMA) in 2008.This centralised training facility located in Phuket, Thailand will train future Banyan Tree leaders needed to sustain organisational effectiveness and to meet the demands of its rapid global growth. Part of Banyan Trees vision has ever so been to grow into a global business, with a portfolio of properties strategically placed around the world. The Groups mission is inextricably intertwined with its commitment to corporate social responsibility 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 increase niche for destination club membership 2005 Marking the multitudes long awaited foray into China is Banyan Tree Ringha, in Yunnan. 2001 Banyan Tree naturalised 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 real dry land fund management company established by the Banyan Tree group, a renowned luxu ry hospitality company listed in Singapore, to focus on hospitality-based real estate investment. Banyan Tree Capital raises, develops and manages branded hospitality funds in key 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 andmanagement to generate attractive 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 combine all the iconic elements of our brand and differentiate developers within established, high cost city markets.We have the flexibility and capabilities to adapt our model to va rious 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 abduct 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 door before a Banyan Tree is put into operation. Trained to the fundamental standards of 5 star 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-conditioned 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 master planning and developing an integrated resort.We are able to take a property from inception to saving with efficiencies that is entirely brand specific. Ourin-house design team, Architrave, and project services team are extremely involved in all phases of the development master planning, designing, developing and coordinating, to ensure 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 ba ck of house facilities. This model has allowed us to lower costs without cannibalizing rates, thereby boosting returns for our developers.