TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Banyan Tree Restructures Corporate Team

Category: Hotels, Posted:22 Feb 2016 | 06:00 am

Singapore-listed hospitality group Banyan Tree Hotels and Resorts is undergoing a massive restructuring of their Corporate set-up  according to The Straits Times.

Gone is Chief Executive Abid Butt, Vice President of Operations Andrew Langston and David Spooner who headed Global Sales and Marketing.

Going forward industry veteran Dus Pugson has been placed in the leadership role.

Executive Chairman KP Ho has publicly stated Banyan will reduce 12% of its workforce across the chain in anticipation of an upcoming recession along with downward trading from Europe and Russia.

In the news piece there is a mention that the employment reductions will hit Phuket and Bangkok regional operations as well.

Ho added that the group is looking at expansion in the real estate sector in Australia given increasing Chinese demand.

There is no mention in the news of the Vietnam Laguna Lang Co destination resort which is under the  Banyan Tree Indochina Hospitality Fund, though being a time-base investment vehicle pressure is adding to improve financial results. 

Currently Banyan Tree has four brands under its portfolio including Angsana, Cassia and Dhawa.

 

Other News

Read more

Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
Read more

Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]
Read more

Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]