United Kingdom
United States
Asia Pacific
Yeow clarifies, “personal reasons behind my departure”
SINGAPORE – Edwin Yeow, who is leaving the Banyan Tree group to set up a new hotel venture (TravelMole Asia, August 28, 2007), has reiterated that the reason for his departure after 16 years “is indeed driven by my wife’s health”.
Saying that the TravelMole Asia article had implied that his departure “is a sign of a meltdown after IPO”, he cited “my wife having gone through two cancer operations and my desire to form a new hospitality brand in the boutique space that has strong growth potential” as factors leading to his resignation from Banyan Tree.
He said that the group, following its public listing, was doing well. As also reported in TravelMole Asia (September 3, 2007), Banyan Tree reported a 55% increase in profit after taxation to S$23.9 million for the first half of 2007.
Revenues rose 23% to S$187.9 million, largely driven by its hotel operations.
In the last weeks, the group has also announced its expansion into Turkey and Jordan.
Yeow is now recruiting for a replacement to take over the marketing reins at Banyan Tree.
Corinne Wan
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision