Banyan Tree expects 7% of luxury hotels revenues to come from Middle East
Banyan Tree Hotels & Resorts, who specialise in providing luxury holidays for travellers, have announced that they expect approximately five to seven percent of their total global revenues to come from the Middle East over the next two years.
The Singapore-based luxury hotels and resorts operator are part of the Banyan Tree Holdings group and are expecting to double their current number of six luxury hotels in the Middle East region within the next two years.
Group Managing Director of Banyan Tree Holdings, Ariel Vera commented:
"Once we open the projects, which we currently have in the pipeline in the Middle East, every year we would look at an estimated management fee of S$5 million (Dh13.34m) coming out of this region. With regards to revenues, we are expecting about five to seven per cent of our total global revenues to come out of this region in the next two years."
Banyan Tree Holdings also have the Angsana brand in their portfolio and with the both brands, the company is looking at a turnover of at least S$300 million for 2009, with numbers expected to be even higher for 2010. Current projects in Banyan Tree's portfolio include management contracts for two Oman hotels and two Egypt hotels; a Ras Al Khaimah property; and resort in Abu Dhabi - all designed to provide luxury holidays for travellers from all over the globe.
Vera commented on the potential of adding Dubai hotels to their portfolio, saying:
"We have no active project in Dubai as of now. There were several projects we signed in Dubai but unfortunately some of them got cancelled because of economic and financial issues."
"Overall, we remain committed to business prospects in the Middle East and are progressing on several projects there in our pipeline. We will continue to work with owners who place a high importance on the quality of the service and product and in the sanctity of contractual obligations, and believe that the growing strength of the brand will ultimately benefit the hotel they own."
Talk to a specialist
Call 020 7644 1770 to speak with our award-winning travel consultants.
Opening hours 09:00 - 21:00 GMT
Popular Holidays Browse all
A resort where there is something for everyone
- FAMILY PACKAGES for a family of 2 adults & 2 kids below 12
- A fantastic all-inclusive programme with great the entertainment options including kids and teen club
- up to 2 children eat and stay for free
Spend wonderful days exploring India's most iconic landmarks, diving deep into a world of wonder with a wealth of spectacular sights to discover
- Immersive tour that will introduce you to India - Home to the cities of Delhi, Agra and Jaipur, the golden triangle is an area of extraordinary cultural wealth and splendour
- Experience the bustling street life of Delhi, a city like no other, with teeming bazaars and the Great Mosque in Old Delhi
- Visit Jaipur's Hawa Mahal, an icon of Rajashtani architecture and the ethereally beautiful Taj Mahal of Agra
Discover Be Live Collection Punta Cana's pristine white beaches, swaying palms and pulsating Latin vibe
Enjoy a fabulous holiday by the sparkling turquoise beaches of Punta Cana where you'll find endless fun as well as plenty of relaxing options
- Unlimited access to a fantastic beach that's perfect for snorkelling
- Enjoy luxury with a 24-Hour All-Inclusive Service
- Great facilities for all the family plus children stay for half the price
Ideal for trendy couples - stay at a chic and sleek hotel in the heart of vibrant Havana and then Stay next to Cuba's famous Varadero beach
- Blau Varadero offers something for everyone with as little or as much as you want to do on offer including a spa
- Exclusive Couples offer - Welcome Cocktail, 1 hour free Wifi Access in Havana plus a bottle of wine on arrival, 30-minute massage and a Romantic Dinner in Varadero
- Be swept away by the amazing views of Havana from Capri's rooftop pool
Combine exploring the old dimes of Havana with a refreshing beach retreat in Vardero on an unforgettable twin centre...
If you want to really feel Cuba's beating heart and pulsating rhythms, this is one of the best for an unforgettable...
Take a holiday to the Caribbean resort of Cancun in Mexico. In the magnificent Moon Palace Cancun you will be perfectly...
Situated just minutes from the Bugibba promenade, Sunflower hotel enjoys an excellent location in the popular area of...
Located in Deira, within old Dubai, the Hilton Garden Inn Dubai Al Muraqabat offers a prime opportunity to explore the...
This stunning 4 star property, Novotel Abu Dhabi Al Bustan hotel, offers guests an ideal base from which to discover Abu...