Banyan Tree's revenue jumped 14% to S$97.5m

Thanks to higher occupancy and fee-based segment.

According to DBS, Banyan Tree Holdings reported a 14% increase in topline to S$97.5m for 4Q12. 

Here's more:

The improved performance was portfolio wide with its owned & managed resorts seeing strong RevPAR growth of c8% y-o-y to S$248, driven by higher occupancies and its fee-based segment.

Property sales were lower y-o-y due to a lack of development sites in FY12. But, holiday homes/hotel residences sales rebounded (28 units sold vs 21 a year ago).  

The group’s operating outlook has improved significantly with on-the-book (“OTB”) bookings rebounding strongly - Thailand and its total portfolio of
managed and owned hotels are 47% and 33% higher y-o-y respectively led by the higher occupancies and strong demand from the re-opening of the re-branded Angsana Phuket.

In addittion, the group’s property sales segment continues to unlock value from its vast landbank in Phuket. 

Its latest project - Laguna Shores - sold 63 units in 4Q12 (S$14.5m in sales,30% of 229 units launched) within 2 weeks of its launch, a sign of returning investor interest in resort properties as an investment class.

The group intends to roll out further sales projects in its resorts across the region in the coming quarters.

The sale of Angsana Velavaru also is expected to reap a gain after tax of S$14m.