|
点击这里查看中文版 |
Week of 29 July 2013
HVS Global Hospitality Services announced the launching of a new Hotel Asset Management Advisory Services in China. With China’s hotel development continuing at a heightened pace, the new asset management framework and approach will best leverage the financial potential of the hotel assets for hospitality real estate owners to realize full asset value and create a first mover advantage to set new industry standard and practice. The new asset management approach underscores the importance of building strong stakeholder relationships with the owners and brands, establishing a bottom-lined focused mindset on asset positioning and operating strategies to maximize cash flow growth and asset appreciation.
|
 |
| |
| |
|
MACROENVIRONMENT
|
|
PROVINCES SEE SLOWER GROWTH |
|
|
|
|
According to China Daily, China's regional economies generally posted slower gross domestic product growth in the second quarter, in line with the slowdown in the national economy. Analysts said hinterland regions should particularly boost their competitiveness as fixed-asset investment, a traditional engine for these regions, is unlikely to accelerate significantly in the second half of this year. Of the 14 municipalities and provinces across China that have published their GDP figures in the first half of the year, 10 provincial regions' growth rates dropped compared with the first quarter. Three regions maintained the same growth rate, while one rose. |
|
|
|
| |
| |
|
PLANNING
|
|
CHINA ALLOCATES RMB66.9 BILLION FOR ROAD CONSTRUCTION |
|
|
|
|
According to China Daily and the Ministry of Finance, The central government has allocated RMB66.9 billion (US$10.8 billion) to fund major road construction. The money will mainly be used to build national- and provincial-level roads. The government has earmarked RMB186.9 billion from its income from vehicle purchase taxes to fund transportation projects so far this year. |
|
|
|
| |
| |
|
TOURISM
|
|
GUANGZHOU TO LAUNCH 72-HOUR VISA-FREE STAYS |
|
|
|
|
According to China Daily, city to follow Beijing and Shanghai in introducing convenient policy, Guangzhou is to allow transit passengers 72-hour stays from August, the third Chinese city to introduce the visa-free policy. Travelers from 45 countries, who intend to visit a third country and who hold air tickets, will be able to stay in the Guangdong provincial capital for three days without a visa and will be allowed to visit anywhere in the province during their trips. |
|
| |
|
|
| |
|
| |
|
HOTEL
|
|
DUSIT MAKES ITS MARK ON CHINA WITH DUSITD2 BINHU |
|
|
|
|
DusitD2 Binhu in Changzhou marks the first step in strengthening Thailand-based Dusit International's presence in the mainland. The hotel had a soft opening today. This hotel is also the first property to be launched by Dusit Fudu Hotels and Resorts, a hotel-management joint venture between Dusit International and China-based Changzhou Qiao Yu Group. Overlooking the West Taihu Lake and conveniently located in the Wujin Hi-Tech Industrial Zone, the hotel aims to win high-end business and leisure travellers to the vibrant city.
|
|
| |
| |
|
RETAIL
|
|
WATSONS TO OPEN HIGH-END SUPERMARKET IN CHENGDU
|
|
|
|
|
According to China Retail News, Watsons, the health and beauty retail chain under Hutchison Whampoa, will open its first high-end food supermarket named Great in mainland China. Located in Chengdu International Finance Square, Watsons' new Great supermarket has an area about 3,000 square meters and focuses on the sale of imported ingredients and cooked food.
|
|
| |
| |
|
INVESTMENT
|
|
PRINCE TO ENTER MAINLAND CHINA WITH SKI RESORT |
|
|
|
|
According to Hotels Magazine, Prince Hotels and Resorts is set to enter mainland China after signing a ski resort management deal with developer China Vanke Co., Shenzhen, China. Under the deal Prince Hotels and Resorts, Tokyo, will manage the ski course and hotel component of the estimated RMB40 billion (US$6.5 billion) Songhua Lake International Tourism Resort development, located near Jilin City, China and encompassing 20 sq km (7.7 sq miles). Construction began in May, and the hotel and ski slopes are projected to open in December 2014.
|
|
|
|
| |
|
|
Absolute Share Price Performance, as at 29 July 2013
|
| |
|
Closing Share Price as at |
29 July 2013
|
22 July 2013
|
% Change |
|
China Shanghai Stock Exchange (RMB)
|
|
Shanghai Jinjiang International Hotels Development
|
11.74
|
11.66
|
1%
|
|
Beijing Capital Tourism Co Ltd
|
13.69
|
13.15
|
4%
|
|
Jinling Hotel Corporation Ltd
|
6.77
|
6.51
|
4%
|
|
China Shenzhen Stock Exchange (RMB)
|
|
Hunan Huatian Great Hotel Co Ltd
|
5.95
|
5.41
|
10%
|
|
Guangzhou Dong Fang Hotel Co Ltd
|
5.12
|
5.59
|
-8%
|
|
Shenzhen Century Plaza Hotel Co Ltd
|
3.71
|
3.75
|
-1%
|
|
NASDAQ (US$)
|
|
China Lodging Group, Limited
|
18.10
|
16.36
|
11%
|
|
Home Inns & Hotels Management Inc
|
27.21
|
25.78
|
6%
|
|
Hong Kong Stock Exchange (HK$)
|
|
Miramar Hotel & Investment Co Ltd
|
9.95
|
9.96
|
-
|
|
Regal Hotels International Holdings Ltd
|
3.86
|
4.11
|
-6%
|
|
Sino Hotels Holdings Ltd
|
2.58
|
2.58
|
—
|
|
The Hong Kong & Shanghai Hotels Ltd
|
12.16
|
12.26
|
-1%
|
|
Shangri-La Asia Limited
|
12.72
|
13.00
|
-2%
|
|
Dorsett Hospitality International
|
1.83
|
1.84
|
-1%
|
|
Taiwan Stock Exchange (NT$)
|
|
Formosa International Hotels Corporation
|
384.00
|
399.00
|
-4%
|
|
The Ambassador Hotel, Ltd
|
28.05
|
29.50
|
-3%
|
|
| |
|
|
|
| |
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 or to share news with us, please feel free to contact HVS Shanghai.
|
