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Banyan Tree Hotels plans new resorts, properties outside of Asia.
Byline: Nondhanada Intarakomalyasut
Nov. 5--Banyan Tree Hotels and Resort Pte, the Singapore-based hotel management and investment group, is moving to expand to the Western market with at least nine properties to be opened over the next two years.
Bernold Schroeder, the company's vice-president for operations, said yesterday in Bangkok that the group was ready to tap business opportunities in Western countries as most of its guests were from Europe and North America.
He said that the company, owned by Singaporean businessman Ho Kwong Ping, had been looking to expand aggressively since 1997. But growth had been held up by the Asian economic ...
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