Revenue up 50% at RAK Banyan Tree resorts

Revenue at Banyan Tree Hotels and Resorts’ two resorts in Ras Al Khaimah increased by 50 percent last year – more than any other region, including China.

The northern emirate is now the fourth largest market for the company, which has 30 boutique hotels, 60 spas and 80 retail galleries internationally, including Banyan Tree Al Wadi and Banyan Tree Ras Al Khaimah, Beach.

Banyan Tree Hotels and Resorts CEO Abid Butt said the company was looking to expand in the Middle East on the back of its success so far.

“We are really encouraged by the increase in business from the Middle East  and hope to build on this momentum,” he said.

“Total room nights grew by 65 percent year-on-year and revenue increased by 53 percent and I believe this is because the Banyan Tree experience resonates well with our guests from the Middle East, as it offers the right level of privacy and serenity in locations that inspire and delight.”  

Banyan Tree Hotels and Resorts will open its first sister branded hotel in the region, Angsana Sifah, in the coastal development of Jebal Sifah in Oman in 2015. 

The resort will offer 200 suites and an Angsana Spa and will be part of a development that includes villas, apartments, an 18-hole golf course and a marina.  

Overall the company reported a 3 percent increase in total revenue and a 51 percent increase in operating profit in 2012, largely due to successful hotel investments and an improved performance for fee-based segments including Banyan Tree Spa and Banyan Tree Gallery.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Arabs flee Gulf heat for Alpine idyll, despite talk of veil ban

Arabs flee Gulf heat for Alpine idyll, despite talk of veil ban

Zell am See's high mountains, dense forests and crystal-clear...

Park life: Is the UAE ready for a rollercoaster ride?

Park life: Is the UAE ready for a rollercoaster ride?

How the UAE's many new theme park projects will be able to co...

Pressure is on for Dubai's hoteliers

Pressure is on for Dubai's hoteliers

Dubai has long dominated tourism in the region, and its hotels...

1
Most Discussed
  • 15
    Great escape? The UAE expat's dilemma

    Unless the rules are changed, rents are reduced as per the paying capacity of the expatriates, school fees reduced, unnecessary new expenses pop up, this... more

    Sunday, 4 September 2016 8:14 AM - Shanti
sponsoredTracking