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HVS International - Asia Pacific Hospitality Newsletter - Week Ending 18 November 2005
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Nineteen self-confessed 'desk jockeys' from the Accor hotel group are
about to embark on a 10-day cycle from the Barossa Valley to Melbourne
with the aim of raising US$110,000 for CanTeen. The 1000+km trip will
be made in ten days, with the team departing the Novotel Barossa Valley
on Friday 2 December and arriving into Novotel St Kilda on Monday 12 December.
This is the third "cycle for charity" undertaken by Accor general
managers who previously biked from Melbourne to Sydney to raise funds
for the burns unit of the Children's Hospital at Westmead and from Wellington
to Auckland to raise money for Cure Kids in New Zealand. Their previous
fundraising efforts raised more than US$184,000 and this year their efforts
will go towards bringing joy to the lives of teenagers living with cancer.
Every rider has donated US$1,100 of their own money to enter as well as
approached major sponsors and organised different fundraising events.
So far, they have raised more than US$50,000 and will continue to raise
money along the way. Donations can also be made via CanTeen's website
at www.canteen.org.au.
CanTeen was created 21 years ago and provides camps, recreation days,
seminars and workshops for cancer sufferers aged 12-24 and their families.
For more information on the route go to www.canteen.org.au.
Media information: Gaynor Reid ph +61 (02) 9280 9835 or email gaynor.reid@accor.com.
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| Sunshine Coast developer Titanium Enterprises has
lodged a development application for a US$295 million resort and golf course
project near Noosa, on the east coast of Australia. The 514 hectare aggregation,
east of Kin Kin, was bought last year by Titanium with HSP Property Group
for about US$7.4 million. The proposed project, called The Edge Noosa, will
include a 100-suite hotel, villas, an equestrian centre and an art gallery,
Greg Norman will design the 18- hole golf course. |
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October 2005 foreign direct arrivals to Bali sunk to 81,109 a
decline of 36.83% against the near-record-breaking October recorded one
year before in 2004 (128,399). With total arrivals almost an exact match
for another bomb-affected October in 2002 when foreign arrivals were 81,100
a convincing argument can still be made that the fall out from
the latest tourist attack was much less severe than the downturn experienced
just three years before. Bearing in mind that the 2002 bombing occurred
on the 12th of October with declining arrival really only affecting the
last half of the month, by comparison the most recent terror attack took
place on the 1st of October meaning this year's decline was spread over
a period twice as long in duration as its predecessor three years before
to the month. In other words, the decline in arrivals in 2002 was arguably
nearly twice as steep as the most recent October experience. All eyes
will be on November 2005's arrivals figures which will give a much firmer
indication as to whether the current slump in business has actually bottomed
out and on the mend, or, instead, is heading into deeper negative territory.
In 2002 the November following the 12 October attack represented one of
the worst months in recent memory in terms of foreign tourist arrivals
with only 31,497 visitors down 57% from the same month one year
before in 2001. The performance benchmark for November 2005 will be whether
or not arrivals are anything better than a decline of -36.83%. If Bali
scores better than that it will indicate tourism arrivals are on the mend;
a score of anything worse than -36.83% will make it reasonable to conclude
the island's tourism industry continue to sink and is still stuck in a
pre-recovery stage.
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When it comes to the planning and execution of aviation facilities, Singapore
seems to be one or two steps ahead of Bangkok and Kuala Lumpur in the
race to become Southeast Asia's main air hub. The Civil Aviation Authority
of Singapore (CAAS), which develops and manages Changi Airport, is spending
US$35 million to get terminals 1 and 2 ready for A380 operations. The
future Terminal 3, to open in 2008, will have another eight A380-compatible
gates bringing the total at the airport to 19, probably the largest number
of gates committed to A380s by an airport. Thailand's 155-billion-baht
Suvarnabhumi airport was designed to handle 45 million passengers a year.
Future plans call for Suvarnabhumi to be expanded to handle up to 100
million passengers a year with the potential for two more runways. Kuala
Lumpur International Airport (KLIA) is completing a new satellite terminal
that will increase its passenger traffic from 21 million today to 35 million
in three years, when it will be ready to receive the A380. In any case,
the earliest date for Thai Airways to take delivery of its first A380
is in the fiscal 2009 and 2010, he said. As passenger traffic is expected
to increase by 5% every year over the next 20 years, the European plane-maker
Airbus predicts 3,400 flights a day will be operated by aircraft the size
of A380s.
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| Fraser Serviced Residences announced the grand
opening of Fraser Corporate Residences, Futian. Located in the heart of
Futian's central business district in Shenzhen Province, the 35-storey residence
offers gold standard accommodation within the extended stay market. Fraser
Corporate Residences, Futian was custom-designed to meet the accommodation
needs of business travellers and their families. It features the latest
in guest service innovations that allow services and facilities to be tailored
to the individual guest. The property is owned by Shenzhen Qinian Industry
& Development Co Ltd, a subsidiary of the Tianhong Group one
of the largest property developers in Beijing with considerable investments
in Shenzhen. |
| Accor is going for 'gold' in time for the Beijing
2008 Olympic Games, adding adjacent Novotel and Ibis properties in the Capital
of China and creating a diverse portfolio of at least seven hotels and over
2,000 sellable rooms in time for the games. Accor and major Beijing-based
developer China Resources Land Ltd signed the two hotel deals, which will
be an important part of the Phoenix Plaza commercial and retail complex
being built within Beijing's city centre. The 312-room Novotel Phoenix Beijing
and 405-room Ibis Phoenix Beijing are both scheduled to open early 2008.
Together with Sofitel Wanda Beijing (opening early 2007) and Novotel Zhongguancun
Beijing (opening mid 2007), the hotels under development join Novotel Xinqiao
Beijing, Novotel Peace Beijing and Novotel Oasis Beijing to create a multi-brand
hotel offer near many primary Olympic venues and in key commercial areas.
Accor also recently launched its second Ibis hotel in China, Ibis Chengdu.
During 2006 Accor plans to open new Ibis property in Qingdao, Chongqing,
Wuxi and Zhongshan, and the network is scheduled to grow to at least 12
by 2007. |
| Absolute Share Price Performance, as at
18 November 2005 |
| Closing Share Price as at |
November 18 2005 |
November 11 2005 |
% Change |
| Australia Stock Exchange (ASX) |
Amalgamated Holdings
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|
4.35 |
-100% |
| Australian Hotel Fund |
0.72 |
0.70 |
3% |
| General Property Trust |
4.03 |
3.93 |
3% |
| Grand Hotel Group |
0.91 |
0.92 |
-1% |
| Mirvac Group |
4.05 |
4.01 |
1% |
| Ocean Capital Limited |
0.39 |
0.39 |
0% |
| Port Douglas Reef Resorts Ltd. |
0.13 |
0.13 |
0% |
| Stockland |
6.29 |
6.21 |
1% |
| Sundowner Group |
0.16 |
0.16 |
0% |
| Thakral Holdings Group |
0.80 |
0.84 |
-5% |
| Tourism and Leisure Trust |
1.03 |
1.03 |
0% |
| Tourism, Hotels & Leisure Limited |
0.23 |
0.23 |
0% |
| |
| Bangkok Stock Exchange (THB) |
| Central Plaza Hotel Public Co. Ltd. |
29.75 |
29.75 |
0% |
| Dusit Thani Public Co. Ltd. |
41.50 |
42.50 |
-2% |
| Laguna Resorts & Hotel Public Co. Ltd. |
44.25 |
45.00 |
-2% |
| Minor International PCL |
6.15 |
5.65 |
9% |
| |
| Hong Kong Stock Exchange (HK$) |
| Miramar Hotel International Ltd. |
10.45 |
10.50 |
-1% |
| Regal Hotels International Holdings Ltd. |
0.50 |
0.53 |
-6% |
| Sino Hotels Holdings Ltd. |
4.95 |
5.00 |
-1% |
| The Hong Kong & Shanghai Hotels Ltd. |
7.85 |
7.55 |
4% |
| |
| Singapore Stock Exchange (S$) |
CDL
|
8.50 |
8.70 |
-2% |
| Hotel Grand Central Ltd. |
0.64 |
0.65 |
-1% |
| Hotel Plaza Ltd. |
1.00 |
1.00 |
0% |
| Hotel Properties Ltd. |
1.48 |
1.53 |
-3% |
| Mandarin Oriental International Ltd. |
0.82 |
0.83 |
-1% |
| Raffles Holdings Ltd. |
0.69 |
1.08 |
-37% |
| Shangri-La Asia Ltd. |
11.10 |
11.50 |
-3% |
| Stamford Land |
0.29 |
0.28 |
4% |
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