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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 16 October 2009 |
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The Singapore Tourism Board has announced an enhancement to
its Tourism 2015 plan, Tourism Compass 2020. The enhancement
was developed in view of the dynamic change in the tourism
landscape over the last four years since the launch of
Tourism 2015 in 2005. Individual taskforces have been set up
to outline tourism strategies pertaining specifically to the
areas of business, enrichment, lifestyle, marketing, and
travel and hospitality. |
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The Republic of Seychelles has identified mainland Chinese
tourists as its most promising source of tourist arrivals.
It is targeting to attract 5,000 mainland Chinese visitors
by 2010 or 2011 and 15,000 by 2015. In 2008, the country
welcomed 16,000 visitor arrivals, out of which only 1,000
were from China. Tourism forms an important component of
Seychelles' gross domestic product (GDP), contributing
approximately 20%. With the envisaged increased visitation
from China, the authorities hope that tourism can contribute
to 35% of GDP in the future. |
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The Sri Lanka Tourism Development Authority has given the
approval for the development of hotels along the east coast
of the country. The authorities also mentioned that it is
planning to add approximately 20,000 hotel rooms in Sri
Lanka over the next seven years in anticipation of the
tourism boom following the end of the civil war. Currently,
Sri Lanka has approximately 13,000 hotel rooms. |
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Luxury hotels in Cambodia have witnessed a double-digit drop
in occupancy due to the global economic crisis. Some hotels
in the market have reported a decline of approximately 10%
in occupancy rate in the 2009 autumn period compared to the
same period in 2008. In comparison, Siem Reap, Cambodia's
main tourist destination, has suffered more than the capital
city, Phnom Penh, as guests usually stay for a longer period
in Phnom Penh. Other than the financial crisis, the
Influenza A(H1N1) outbreak and the Thailand border dispute
have also affected the market. |
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Thai’s hospitality group, Amari Hotels (Amari), has announced plans to invest approximately US$44 million in Asia Pacific by 2010, as part of its growth strategy. Amari will spend US$2 million on brand building in key markets such as India, Britain, Russia and Hong Kong. Currently, the group has 11 properties across Thailand, including Bangkok, Phuket and Pattaya, and is planning to operate 40 more properties in Asia Pacific by 2018. |
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According to Japan's Real Estate Economic Institute, new
apartment units put up for sale in the Tokyo area totalled
3,063 in September 2009, approximately 26.2% higher compared
to a year earlier. This is also the first rise in the number
of new apartments put up for sale in the last 25 months. The
contract ratio, which is the number of units sold as a
percentage of units put on the market, in the Tokyo
metropolitan area rose from 69.3% in August 2009 to 73.9% in
September 2009. The data signalled positive signs for
Japan's property market. |
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Absolute Share Price Performance, as at
16 October 2009
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Closing Share Price as at |
16 Oct 2009 |
9 Oct 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.74 |
5.19 |
11% |
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General Property Group |
0.66 |
0.66 |
– |
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Mirvac Group |
1.64 |
1.66 |
-2% |
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Ocean Capital Limited |
0.40 |
0.40 |
– |
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Thakral Holdings Group |
0.44 |
0.41 |
7% |
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Living and Leisure Australia Group |
0.04 |
0.03 |
16% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.26 |
4.80 |
-11% |
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Dusit Thani Public Co Ltd |
31.00 |
32.00 |
-3% |
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The Erawan Group Public Co Ltd |
2.56 |
2.74 |
-7% |
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Grande Asset Hotels and Property Public Co Ltd |
1.30 |
1.31 |
-1% |
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Laguna Resorts & Hotel Public Co Ltd |
35.50 |
37.50 |
-5% |
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Minor International Public Co Ltd |
11.60 |
12.10 |
-4% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
19.41 |
18.90 |
3% |
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Beijing Capital Tourism Co Ltd |
17.06 |
15.99 |
7% |
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Jinling Hotel Corporation Ltd |
7.04 |
6.98 |
1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
7.04 |
6.74 |
4% |
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Guangzhou Dong Fang Hotel Co Ltd |
7.77 |
6.99 |
11% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.06 |
5.25 |
15% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
31.03 |
33.47 |
-7% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.31 |
8.74 |
-5% |
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Regal Hotels International Holdings Ltd |
2.80 |
2.73 |
3% |
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Sino Hotels Holdings Ltd |
2.37 |
2.38 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
10.28 |
10.28 |
– |
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Korea Exchange (KRW) |
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The Shilla |
18,150 |
17,100 |
6% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.52 |
0.50 |
4% |
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ART Management Limited |
1.03 |
1.02 |
1% |
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Banyan Tree Holdings Limited |
0.88 |
0.83 |
6% |
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CDL HTrust |
1.57 |
1.56 |
1% |
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Hotel Grand Central Ltd |
0.69 |
0.68 |
1% |
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Hotel Properties Ltd |
2.22 |
2.13 |
4% |
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Mandarin Oriental International Ltd (US$) |
1.27 |
1.27 |
– |
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Pan Pacific Hotels Group Limited |
1.40 |
1.39 |
1% |
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Shangri-La Asia Limited (HK$) |
15.34 |
14.60 |
5% |
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Stamford Land Corporation Ltd |
0.42 |
0.42 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
407.00 |
410.00 |
-1% |
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The Ambassador Hotel, Ltd |
32.10 |
32.05 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
157,200 |
155,000 |
1% |
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Japan Hotel and Resort Inc |
130,600 |
128,500 |
2% |
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Imperial Hotel, Ltd |
1,808 |
1,809 |
– |
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Return to Headlines |
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Disclaimer:
Information provided above has been gathered from various market
sources. HVS has not independently verified the accuracy of the
information provided. Interested parties should not rely on the
information as statement of facts and are advised to make their own
independent checks to verify the information provided. For further
information, please feel free to contact
HVS Singapore. |
