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Featured in this Asia Pacific Hospitality Newsletter |
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Is Indonesia, the world's largest archipelago a market opportunity for you? If so, don't miss out on the opportunity to be part of the inaugural Indonesia Hospitality & Tourism Investment Conference!
Join us as we listen to key insights from speakers including Michael Issenberg - Chairman & Chief Operating Officer of Accor Asia Pacific; Simon Barlow - President, Asia Pacific of Carlson Rezidor Hotel Group; Simon Cooper - President & Managing Director, Asia Pacific of Marriott International; Marc Hediger - Chief Executive Officer of Lanson Place; PG Mathew - Managing Director of Oakwood Asia Pacific; Peter Meyer - Managing Director of Pacifica Partners; Jeffrey Perlman - Principal of Warburg Pincus LLC; Gaurav Bhushan - Chief Development & Investment Officer of Accor Asia Pacific and Marco Nijhof - Chief Executive Officer of yoo Hotels and more.
The early bird promotion has been extended to 22 March 2013. Click here to register for early bird savings!
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Millennium & Copthorne Hotels (M&C) has made its debut in Taiwan, with the Millennium Vee Hotel Taichung. Located in Taichung, Taiwan's third largest city, this marks the group's first M&C-branded property in the country. The Millenium Vee Hotel Taichung will be the first hotel in Taiwan to offer 4G Wi-Fi services in all 237 rooms and will be the first hotel in Taichung with a rooftop sky bar. This property is the first M&C-branded hotel in Taiwan, however the company already has a footing in the country as the owner of the Grand Hyatt Taipei.
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Carlson Rezidor Hotel Group has announced the signing of a joint venture agreement with Indonesia-based Panorama Group. Under the agreement, 20 Radisson and Park Inn by Radisson hotels will be developed in Indonesia over the next seven years. The joint venture will see the formation of PT. Carlson Panorama Hospitality, which will be based in Indonesia. The 20 hotels in the pipeline will be located in locations such as Jakarta, Bali, Surabaya and Yogyakarta, and in emerging cities such as Manado, Makassar, Palembang and Medan. |
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Moving forward with in its expansion in Southeast Asia, Hilton Worldwide will be entering Myanmar with its Hilton Hotels & Resorts brand. An agreement has been signed between Hilton Worldwide and LP Holding Co. Ltd to manage the Hilton Yangon in Kyauktada Township, Yangon which will open in 2014 with 300 rooms. Additionally, Hilton Worldwide will debut its Conrad brand in the Philippines with an agreement with SM Hotels & Conventions Corporation. The 350-room Conrad Manila will be developed at the SM Bay City development in Manila Bay and is expected to open in mid 2015. |
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Singapore Airlines and Virgin America have expanded their existing codeshare agreement and launched a new frequent flyer partnership. Under this partnership, members of both airlines' loyalty programmes will be able to earn and redeem miles for travel on either airline. Singapore Airlines customers will be able to fly to more destinations in the United States, including Chicago, Fort Lauderdale, Las Vegas, Palm Springs, Philadelphia, Portland, San Diego, Seattle and Washington D.C.
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Accor Asia Pacific has launched its Indonesia-centric brand, the Grand Mercure Maha Cipta, an upscale brand tailor-made for Indonesia. The brand will debut with the 483-room Grand Mecure Jakarta Harmoni which is anticipated to open later this year. Similar to its China-centric Grand Mercure Mei Jue, Maha Cipta has been designed to appeal to the large Indonesian domestic market. Maha Cipta's touch points will include greeting guests in Bahasa, local-fruit flavoured French pastries, traditional music and dance performances and many others including batik painting workshops. This launch comes after the success of Mei Jue in China, which will double its hotel inventory to 26 in the next three years.
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Absolute Share Price Performance, as at 8 March 2013
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Closing Share Price as at |
8 March 2013
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1 March 2013
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
8.11
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8.10
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-
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General Property Group |
3.94
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3.89
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1%
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Mirvac Group |
1.60
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1.61
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-1%
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
38.00
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36.75
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3%
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Dusit Thani Public Co Ltd |
61.50
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60.50
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2%
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The Erawan Group Public Co Ltd |
6.25
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6.10
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2%
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Grande Asset Hotels and Property Public Co Ltd |
1.56
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1.57
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-1%
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Laguna Resorts & Hotel Public Co Ltd |
38.00
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39.00
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-3%
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Minor International Public Co Ltd |
26.00
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25.25
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3%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
13.85
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13.92
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-1%
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Beijing Capital Tourism Co Ltd |
15.00
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13.66
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10%
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Jinling Hotel Corporation Ltd |
7.17
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7.14
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-
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
4.59
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4.40
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4%
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Guangzhou Dong Fang Hotel Co Ltd |
6.83
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6.72
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2%
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Shenzhen Century Plaza Hotel Co Ltd |
4.38
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4.44
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-1%
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NASDAQ (US$) |
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China Lodging Group, Limited
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17.24
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18.76
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-8%
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Home Inns & Hotels Management Inc |
30.39
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29.49
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3%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
11.50
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11.44
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1%
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Regal Hotels International Holdings Ltd |
3.81
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3.82
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-
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Sino Hotels Holdings Ltd |
2.51
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2.66
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-6%
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The Hong Kong & Shanghai Hotels Ltd |
13.68
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13.50
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1%
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Shangri-La Asia Limited |
17.94
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17.98
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-
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Dorsett Hospitality International
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2.35
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2.30
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2%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
57.50
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56.25
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2%
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EIH (Oberoi Hotels & Resorts) |
63.95
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62.55
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2%
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Hotel Leela Ventures |
24.00
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23.35
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3%
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Korea Exchange (KRW) |
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The Shilla |
52,300
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47,650
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10%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.50
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0.50
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-
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Ascendas Hospitality Trust
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0.91
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0.91
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-
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Ascott Residence Trust |
1.35
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1.35
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-
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Banyan Tree Holdings Limited |
0.64
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0.68
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-6%
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CDL Hospitality Trusts
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2.04
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2.05
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-
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Far East Hospitality Trust
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1.15
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1.10
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5%
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Hotel Grand Central Ltd |
0.97
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0.94
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3%
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Hotel Properties Ltd |
3.10
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3.12
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-1%
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Mandarin Oriental International Ltd (US$) |
1.66
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1.60
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4%
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Pan Pacific Hotels Group Limited |
2.35
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2.41
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-2%
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Shangri-La Asia Limited (HK$)
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17.52
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18.04
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-3%
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Stamford Land Corporation Ltd |
0.56
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0.57
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-2%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
363
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369
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-2%
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The Ambassador Hotel, Ltd |
30.35
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30.15
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1%
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Tokyo Stock Exchange (JPY) |
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Japan Hotel REIT Investment Corp.
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31,900
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31,600
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1%
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Imperial Hotel, Ltd |
3,080
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2,960
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4%
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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. |
