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It is developing 5 properties under the Cassia brand.
LUXURY hospitality firm Banyan Tree Hotels & Resorts has launched a new brand of serviced apartments, in its first foray into the extended-stay segment. The firm will develop five properties under the Cassia brand - in Phuket in Thailand, Bintan in Indonesia, Beruwala in Sri Lanka, the Gold Coast in Australia, and Lijiang in China - in conjunction with Banyan Tree Group's 20th anniversary.
SINCE Tokyo was selected to host the 2020 Olympics, Japan has been riding a wave of elation. The Nikkei rose 2.5 per cent following the announcement, with construction stocks being the notable beneficiaries.
The Olympics boost came just in time. One year after Prime Minister Shinzo Abe's Abenomics was introduced, Japan's economy is seeing a revitalisation after more than two decades of stagnation.
