Banyan Tree's Operating Profit Surges 15% in 2024; Shares Up 3%

MT Newswires

2025/02/28

Banyan Tree's (SGX:B58) operating profit jumped 15% in 2024 to SG$103.2 million from SG$90.1 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Revenue was up 16% year over year to SG$380.6 million from SG$327.9 million, driven by increased contributions across all business segments.

Revenue per available room or RevPAR surged 4% to $123.

Shares of the hotel operator were up nearly 3% in recent trading.

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