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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 22 January 2010 |
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 HVS
appoints MCI for the upcoming China Hotel Investment
Conference (CHIC) 2010
HVS, the co-host and co-organizer of the previous China
Hotel Investment Summits 2005 to 2009, is pleased to
announce the launch of the revised edition China Hotel
Investment Conference (CHIC) 2010 with MCI China.
MCI China is part of the MCI Group, one of the largest
global event management groups with offices across Asia,
Europe, the Middle East and Latin America. Its 37 offices
organize or contribute to over 1,000 events per year,
including high profile events such as the United Nations
Conference on Climate Change (COP15) and the 121st session
of the International Olympic Committee. This year MCI will
manage the 15,000+ expected delegates attending the World
Congress of Cardiology in Beijing as well as several small
events taking place at the 2010 World Expo. MCI is
recognized as a recommended supplier for event management at
the World Expo.
David Ling Managing Director of HVS Asia added that “CHIC
brings together greater experience for all stakeholders of
the hospitality industry to network, exchange best practices
and ideas, explore opportunities and foster collaborations.
With MCI’s participation and strong support from the leaders
of the hospitality industry, CHIC will be the most
influential hotel investment conference in China”.
The 2010 CHIC will be held from 12 to 14 May 2010 at the
newly opened flagship InterContinental Shanghai Puxi. The
event will also coincide with the Shanghai World Expo, where
visitors will have the opportunity to have first hand
experience of the latest innovations and showcase of
different countries and cultures.
To register or learn more about CHIC, please visit
www.ChinaHotelConference.com. |
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 The
Sixth Hotel Investment Conference - South Asia (HICSA) 2010
is scheduled for April 7th and 8th, 2010 and is to be hosted
at the Grand Hyatt, Mumbai. Over the past five years the
conference has played host to 30 global CEO's, 2,200
plus delegates, and has had a wide range of
attendees from owners, real estate developers, operators,
bankers, architects and consultants. This exclusive event
promises to once again line up some of the best known global
faces of the hospitality industry including Frits van
Paasschen, President & CEO - Starwood Hotels & Resorts,
Eric Danziger, President & CEO - Wyndham Worldwide,
Mark Hoplamazian, CEO & President, Hyatt Hotels
Corporation, Nakul Anand, Divisional Chief Executive
- Hotel Division, ITC, Gamal Aziz, President & CEO -
MGM Mirage Hospitality, Gerald Lawless, Executive
Chairman - Jumeirah Group, Capt CP Krishnan Nair,
Chairman - The Leela Palaces Hotels and Resorts, Raymond
Bickson, MD & CEO - Taj Hotels Resorts and Palaces,
Martin Rinck, President - Asia Pacific, Hilton Hotels,
Henry Gabey, Co-Founder & Co-Chairman - DUET Group,
Louis Klein, MD - Real Estate, IREO, New York,
Peter Meyer, MD - Pacifica Partners, Michael Evans,
EVP Global Development - MGM MIRAGE Hospitality, Richard
Solomons, CFO and Head of Commercial Development - IHG.
The conference has been regarded by many as the best
networking opportunity in the region and a must attend for
all associated to the hotel industry.
Click here to view the website |
Latest Agenda |
View Speakers List |
Register Now! |
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According to Genting Group, the opening of Resorts World
Sentosa in Singapore is unlikely to affect tourist arrivals
to Malaysia as ‘the pie is expected to grow’. Currently,
Genting Group has opened four hotels within the integrated
resort and injected a total of 1,350 rooms into the
Singapore hotel market. Its remaining two hotel projects,
the Equarius Hotel and Spa Villas, are scheduled to commence
operations by middle of 2011. In addition, Genting Group has
also partnered with New York-listed Simon Property Group in
the development of a mixed-use project comprising theme
parks, hotels and premium outlets within the Iskandar
Malaysia, in the neighbouring state of Johor, Malaysia. |
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Jebel Ali International Hotels (Jebel Ali), which is based in
Dubai, has announced that it will launch a resort within a
national marine park on Mahé, the largest island of
Seychelles. Located amidst a two-hectare site, the Round
Island Resort will feature ten villas and is scheduled to
commence operations during the third quarter of 2010. Jebel
Ali’s second project in Seychelles, The Waterfront, is
located along the east coast of Mahé and is likely to open
in 2012. |
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Hotel Leela Venture Limited (Hotel Leela) has announced that
it will add five more Leela Palace hotels, which are
expected to offer 1,300 rooms, in India in the next four
years. Two developments, which are located in New Delhi and
Chennai, are likely to cost approximately US$65 million each
and are scheduled to commence operations by the end of 2011.
The remaining three developments, which are scheduled to
open by 2014, will be located in Agra, Hyderabad and Pune. |
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Mirva Hotels and Resorts (Mirvac), which comprises more than
45 hotels and resorts within Australia and New Zealand in
its portfolio, has announced its tie-up with Global Hotel
Alliance (GHA). According to Mirvac, the agreement with GHA
allows Mirvac to penetrate the international markets to a
greater extent through the brand recognition and
distribution networks which international hotel groups
possess. Currently, Mirvac offers brands such as Quay Grand,
Quay West Apartments and Resorts, and Citigate Hotels,
making it one of the largest Australian-owned hotel groups. |
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The South Korean authorities have announced plans to invest
approximately US$1.5 billion to develop a total of 43
marinas across the country by 2019 in a bid to enhance its
tourism sector. These 43 marinas, including 16 which
recently commenced operations or are under construction, are
envisaged to be located along the coasts of North and South
Gyeongsang provinces, Gyeonggi and the southern island of
Jeju. In addition, the authorities are also looking to
subsidise the development of yachting schools across the
nation and establish a network among these marinas. |
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Absolute Share Price Performance, as at
22 January 2010
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Closing Share Price as at |
22 Jan 2010 |
15 Jan 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.75 |
5.70 |
1% |
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General Property Group |
0.56 |
0.59 |
-6% |
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Mirvac Group |
1.48 |
1.62 |
-8% |
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Ocean Capital Limited |
0.38 |
0.38 |
– |
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Thakral Holdings Group |
0.37 |
0.36 |
4% |
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Living and Leisure Australia Group |
0.023 |
0.027 |
-15% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.12 |
4.34 |
-5% |
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Dusit Thani Public Co Ltd |
28.00 |
28.50 |
-2% |
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The Erawan Group Public Co Ltd |
2.42 |
2.54 |
-5% |
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Grande Asset Hotels and Property Public Co Ltd |
1.30 |
1.30 |
– |
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Laguna Resorts & Hotel Public Co Ltd |
41.75 |
42.00 |
-1% |
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Minor International Public Co Ltd |
11.00 |
11.60 |
-5% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
27.45 |
26.44 |
4% |
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Beijing Capital Tourism Co Ltd |
22.00 |
23.20 |
-5% |
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Jinling Hotel Corporation Ltd |
8.69 |
8.86 |
-2% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
8.62 |
9.36 |
-8% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.20 |
8.49 |
20% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.67 |
8.12 |
-6% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
32.32 |
35.11 |
-8% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.13 |
8.30 |
-2% |
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Regal Hotels International Holdings Ltd |
3.00 |
3.12 |
-4% |
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Sino Hotels Holdings Ltd |
2.25 |
2.28 |
-1% |
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The Hong Kong & Shanghai Hotels Ltd |
11.00 |
11.14 |
-1% |
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Korea Exchange (KRW) |
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The Shilla |
21,650 |
23,550 |
-8% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.54 |
0.58 |
-7% |
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ART Management Limited |
1.29 |
1.36 |
-5% |
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Banyan Tree Holdings Limited |
0.75 |
0.83 |
-10% |
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CDL HTrust |
1.70 |
1.80 |
-6% |
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Hotel Grand Central Ltd |
0.73 |
0.75 |
-3% |
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Hotel Properties Ltd |
2.20 |
2.43 |
-9% |
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Mandarin Oriental International Ltd (US$) |
1.49 |
1.49 |
– |
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Pan Pacific Hotels Group Limited |
1.52 |
1.57 |
-3% |
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Shangri-La Asia Limited (HK$) |
13.82 |
14.30 |
-3% |
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Stamford Land Corporation Ltd |
0.43 |
0.45 |
-4% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
378 |
403 |
-6% |
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The Ambassador Hotel, Ltd |
36.30 |
38.80 |
-6% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
136,000 |
134,600 |
1% |
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Japan Hotel and Resort Inc |
131,000 |
138,000 |
-5% |
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Imperial Hotel, Ltd |
1,614 |
1,619 |
0% |
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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. |
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