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Article: Seeking to diversify, Banyan Tree places hopes in China MARKETPLACE by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- September 11, 2006
- Author:
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Angus Whitley and Bernard Lo
International Herald Tribune
09-11-2006
Banyan Tree Holdings, an operator of luxury hotels from the Seychelles to Bahrain, said that China would become its fastest-growing market in a global expansion plan that seeks to cut dependence on its flagship resort in Phuket, Thailand.Banyan Tree, based in Singapore, has more employees assessing opportunities in China than anywhere else, Ho Kwon Ping, chairman of the company, said during an interview. Banyan Tree is focusing its expansion in China as economic growth there raises salaries and lifts consumer spending. At Banyan Tree's new resort in Yunnan Province, almost half the clients paying more than $400 for a ...
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Article: Banyan Tree's IPO raises $232 million BUSINESS ASIA ...
International Herald Tribune;
June 9, 2006 ;
519 words
... ... concerns among investors that Banyan Tree's shares could slump once ... volatility in the market.''Banyan Tree's valuation, even at the ... of the stock was sold by Ho Kwon Ping, executive chairman of Banyan Tree, and other existing shareholders ...
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