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Banyan Tree announces improved earnings in business update
Banyan Tree Holdings announced that its operating profit in3Q2022 rose 76% y-o-y while hotel revenue per available room (RevPAR) rose 36% y-o-y. Property sales for the first nine months of this year exceeded the pre-Covid period, the announcement says.
Hotels in Thailand and Maldives which the company owns recorded revenue growth of 150% y-o-y in 3Q2022. Hotel management fees rose 30% y-o-y. The company says China&rsquo s hotel operations rebounded and RevPAR rose by 23% y-o-y.
On investment sales, total sales value in 2022 is likely to exceed pre-Covid levels. This is supported by Phuket where 10-year residential visas are available for residential buyers. The company plans to launch the new Banyan Tree Phuket Private Residences in the current quarter.
Thanks for sharing. Good results since the last set but lacks market participation...
Volmax ( Date: 02-Dec-2022 22:00) Posted:
https://links.sgx.com/FileOpen/Banyan-Tree-Holdings-Business-Update-3Q22_final.ashx?App=Announcement& FileID=740561
3Q2022 BUSINESS UPDATE
Banyan Tree Holdings Limited (the Company, and together with its subsidiaries, the Group) would like to issue a business update.
Overview
Higher operating profit by 76% against 3Q21
Hotel Revenue per available room (RevPAR) up by 56% compared to 3Q21
Total Property segment sales of 2022 exceeds pre-COVID period
Expansion continues with 7 hotel openings, and 5 more before year end and
Total of 69 awards in 2022 from 9 countries, adding up to a total of 2,988 awards and recognitions to date.
Excellent Reversal, The Next Super Growth Stock!
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https://links.sgx.com/FileOpen/Banyan-Tree-Holdings-Business-Update-3Q22_final.ashx?App=Announcement& FileID=740561
3Q2022 BUSINESS UPDATE
Banyan Tree Holdings Limited (the Company, and together with its subsidiaries, the Group) would like to issue a business update.
Overview
Higher operating profit by 76% against 3Q21
Hotel Revenue per available room (RevPAR) up by 56% compared to 3Q21
Total Property segment sales of 2022 exceeds pre-COVID period
Expansion continues with 7 hotel openings, and 5 more before year end and
Total of 69 awards in 2022 from 9 countries, adding up to a total of 2,988 awards and recognitions to date.
Excellent Reversal, The Next Super Growth Stock!
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https://www.china-briefing.com/news/china-travel-restrictions-2021-2022-an-explainer-updated/
China Travel Restrictions 2021/2022
UPDATE (NOVEMBER 11, 2022): China further shortens mandatory hotel quarantine period for international arrivals, cancels the circuit breaker mechanism for inbound flights, and requires only one negative PRC test within 48 hours before boarding.
According to a circular released by the National Health Commission (NHC) on Friday, November 11, 2022, China will ease some of its COVID-19 rules to better balance COVID-19 prevention and control with economic and social development. Among others, the below adjustments have been introduced:
- For close contacts and inbound travelers, the quarantine requirement will change from 7 days centralized quarantine + 3 days home health monitoring to 5 days centralized quarantine + 3 days home quarantine. Upon the completion of the quarantine at the first point of entry, the quarantine at the destination will not be repeated for inbound travelers.
- Secondary close contacts will no longer be traced.
- For people passing through high-risk areas, the quarantine requirement will change from 7 days centralized quarantine to 7 days home quarantine.
- The three categories of high-risk areas, medium-risk areas, low-risk areas will be simplified to two categories - high-risk areas and low-risk areas .
- Areas that are not experiencing outbreaks are discouraged from mass testing.
- The circuit breaker mechanism for inbound flights will be abolished, and the requirement of two negative nucleic acid tests within 48 hours before boarding will be adjusted to one negative nucleic acid test within 48 hours before boarding .
- Important inbound business personnel, sports groups, and other groups will be exempted from quarantine by staying within a closed-loop bubble throughout the duration of their stay in China, which means point-to-pointtransfer to the isolation-free closed-loop management area.
- China will intensify efforts to address the one-size-fits-all problem of COVID-19 prevention measures. It is strictly prohibited to arbitrarily close schools and classes, suspend production, block traffic without approval, arbitrarily adopt static management& rdquo , arbitrarily impose lockdowns, and so on.
- During a COVID-19 outbreak, China shall make every effort to ensure the smooth flow of logistics. It is prohibited to arbitrarily ask key enterprises that are engaged in the overall industrial chain or provide services or products that affect people' s livelihoods to suspend production.
I' m expecting China to further ease Travel Restrictions by end of next month and possible Full Opening of borders to International Traveller to revive tourism.
Added More Banyan Tree.
" By late 2021, Banyan Tree Group began to see
broad-based improvement across Group-owned and Group-managed hotels alike, as more countries began reopening to international tourists. With many countries and travellers coming to recognise the endemic nature of COVID-19, there has been a discernible change in attitudes towards international travel and
clear signs of a rebound in our industry."
Executive Chairman - Ho Kwon Ping
"
With worldwide tourism recovery in sight, the time is ripe to invigorate our multi-brand portfolio and extend our reach across the lifestyle spectrum."
CEO -Eddy See Hock Lye
Looking forward to multi-year high within the next 12 month, as Tsunami of tourist flood the world once more.
Good that you are so positive
I like the founder and the management- very genuine and honest
Hope BT does well soon
Volmax ( Date: 16-Sep-2022 17:59) Posted:
Banyan Tree had a multi-brand ecosystem with a portfolio of 55 hotels & resorts, 63 spas, 64 galleries, numerous golf courses and residences spanning across 23 countries. The Group look to double it' s portforlio with another 50 Hotel opening within the next 36 months.
All Developers took loan for their projects, as long as they can service their loan and make profit, there is nothing wrong with it.
AR 2021 (Pg. 20)
China Outbreaks of the Delta and Omicron variants saw the Chinese government institute stricter measures that adversely affected the hospitality industry, especially during the peak seasons of Spring Festival and summer. However, strong domestic demand drove Group managed hotels to equal their 2019 performance, with room revenue improving by 11% over 2020. China&rsquo s large domestic market also supported the opening of our maiden Garrya-branded hotels &ndash Garrya Huzhou Lucun and Garrya Xi&rsquo an Lintong &ndash in the fourth quarter of 2021.
The world tourism is opening up post Covid-19.
DYODD!
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Banyan Tree had a multi-brand ecosystem with a portfolio of 55 hotels & resorts, 63 spas, 64 galleries, numerous golf courses and residences spanning across 23 countries. The Group look to double it' s portforlio with another 50 Hotel opening within the next 36 months.
All Developers took loan for their projects, as long as they can service their loan and make profit, there is nothing wrong with it.
AR 2021 (Pg. 20)
China Outbreaks of the Delta and Omicron variants saw the Chinese government institute stricter measures that adversely affected the hospitality industry, especially during the peak seasons of Spring Festival and summer. However, strong domestic demand drove Group managed hotels to equal their 2019 performance, with room revenue improving by 11% over 2020. China&rsquo s large domestic market also supported the opening of our maiden Garrya-branded hotels &ndash Garrya Huzhou Lucun and Garrya Xi&rsquo an Lintong &ndash in the fourth quarter of 2021.
The world tourism is opening up post Covid-19.
DYODD!
Too many issues in China right now and deep debt
Volmax ( Date: 16-Sep-2022 15:55) Posted:
50 New Hotel In Pipeline.
338 Room Singapore Zoo Resort Open Next Year.
This One Must Buy & Keep.
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50 New Hotel In Pipeline.
338 Room Singapore Zoo Resort Open Next Year.
This One Must Buy & Keep.
Yum Yum, Set To Cheong.
Banyan Tree reverses H1 loss as travel resumption boosts revenue
RESORTS operator Banyan Tree Group : B58 0% on Tuesday (Aug 9) posted a S$514,000 net profit for H1 ended June, reversing the year-ago S$42.6 million loss, as the rising tide of travel lifted all its business segments.
H1 revenue more than doubled to S$118.6 million, with the hotel investments segment seeing a S$38.3 million rise in revenue to S$60.8 million as international borders reopened. Revenue for the group&rsquo s hotels in the Maldives rose by S$8.7 million from the previous year.
In the fee-based segment, revenue was S$4.8 million higher due to strong performance from Banyan Tree&rsquo s managed hotels in Mexico, as well as hotel recovery in Asia. But China is an exception, as the government&rsquo s sporadic lockdowns have hit business operations, the company said in its earnings.
Over in the property sales segment, revenue was S$19.1 million higher as 65 units were recognised &ndash as opposed to 11 in the year-ago period &ndash including from the Skypark 1 condominiums, which were substantially completed and handed over to buyers.
Excluding a one-off S$15.4 million gain on the expiry of derivatives for convertible bonds, Banyan Tree would have posted an S$11.1 million core operating profit for the 6-month period. This is in contrast to the S$4.8 million core operating loss a year ago, which excludes a fair value loss of S$10.4 million and write-down of S$1.2 million in property development costs.
In the next 12 months, Banyan Tree expects to open 14 new hotels and rebrand 2 hotels through conversion. Over the next 3 years, 50 new hotels are expected to open, in line with the company&rsquo s ambition to double its operating footprint.
Turnaround in results and plans to open another 14 hotels in the next 12 months, doubling of operating footprint in the next 3 years.
https://www.businesstimes.com.sg/companies-markets/banyan-tree-reverses-h1-loss-as-travel-resumption-boosts-revenue
Maybe they just need better investor relations to engage with the market.
ichiban ( Date: 15-Jun-2022 17:19) Posted:
what does it speak of the management caliber or proficiency then????
n3wbie ( Date: 14-Jun-2022 22:27) Posted:
| Any followers on this stock? Interesting to see the stock underperforming despite positive 1Q updates and border restrictions easing. |
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what does it speak of the management caliber or proficiency then????
n3wbie ( Date: 14-Jun-2022 22:27) Posted:
| Any followers on this stock? Interesting to see the stock underperforming despite positive 1Q updates and border restrictions easing. |
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dead company. management not business savvy enough.
should rebound well with the tourism industry
Any followers on this stock? Interesting to see the stock underperforming despite positive 1Q updates and border restrictions easing.
0.29 
+0.005
reopening play
Trading almost half of NAV
gd value with more investors joining the bandwagon
gd luck dyodd
Banyan Tree Holdings
On Apr 21, Banyan Tree Holdings : B58 +1.75% independent director Arnoud De Meyer acquired 100,000 shares of the company at an average price of 29.6 cents per share. This approximately doubled his deemed interest in the independent, multi-branded hospitality group from 0.01 per cent to 0.02 per cent.
De Meyer was appointed an independent director of Banyan Tree Holdings on Jan 28, 2021.
De Meyer is a global academic leader with more than 35 years of experience in top international academic institutions in Europe and Asia and until December 2018, he served as the president of the Singapore Management University.
Banyan Tree narrows net loss, gears up for ten hotels opening this coming year
Luxury resort operator has reported a 25% y-o-y drop in revenue to $56.5 million for 1HFY2021, as the pandemic continues to affect its business.
However, its net loss has been reduced by 13% y-o-y to $42.6 million from $49.2 million, as the company cut costs, made gains from sale of properties.
While the resort business remains difficult, the company notes some bright spots, such as its branded residences and extended stay segment.
" Most markets with exception of Southeast Asia have gradually relaxed travel restrictions, resulting in uptick of fee-based segment including hotel management fees," says Banyan Tree.
The company is keeping an eye on expansion, with two new properties opened in 1HFY2021: Dhawa Quzhou (China) and Angsana Corfu (Greece).
It has also signed 13 hotel management agreements and two franchise agreements in 1H2021.
This coming 12 months, there will be ten hotels opening in Indonesia, China, Qatar, Mozambique and Saudi Arabia.
Over the next three years, 43 new properties are expected to open in line with the group' s ambition to double its operating footprint by 2025, the company says.
As at 10.19am, Banyan Tree shares traded at 32 cents.
