- Ho Kwon Ping Gives Insights on Integrated Resorts in Asia
- Air Seychelles to Fly to India
- Best Western i-City to Open in Shah Alam
- Newest Member of Worldhotels: The Park Lane Jakarta
- Mrauk U and Loikaw: Emerging Destinations in Myanmar
- Vistara by Singapore Airlines
- Absolute Share Price Performance, as at 15 August 2014
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Executive chairman of Banyan Tree Holdings, Ho Kwon Ping shares his observations that many countries such as Australia and Japan are learning from Singapore by allowing casino developers to enter however, on the condition they had to invest in other substantial enterprises they would not normally make. Ho Kwon Ping adds that this model would work in high income, high population areas and not in places that are remote as there is no guarantee to the quality of such facilities when the model is followed. Furthermore, it is added that the term ‘integrated resorts’ is loosely used as nothing much has changed apart from the innovation in forcing casinos to play a more socially useful role.
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According to Seychelles Tourism and Culture minister, Alain St Ange announced that Air Seychelles looks to commence a thrice-weekly flight between Mumbai and Seychelles. Currently, travelers from India can fly to Seychelles only via transiting flights via Abu Dhabi, Dubai and Colombo. This new flight service will tap India’s unparalleled outbound tourism potential. He also revealed that there were talks to include India’s Andaman Islands in the Indian Ocean Vanilla Islands Regional Organisation. A first-ever Seychelles road show was held in New Delhi and Mumbai last week gathering trade members from both countries with plans to target honeymoon, luxury, adventure and experiential travelers.
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Best Western International is to open its first hotel in the capital of Selangor, Malaysia. It will feature 216 contemporary guest rooms and suites equipped with modern facilities. Glenn de Souza, the company’s vice president of International Operations highlighted that Malaysia is an exciting market for Best Western International with 4 hotels already opened and 10 more in the pipeline. Located just 25km from Kuala Lumpur and 30km from KLIA, the city is at the heart of the country’s development. Best Western i-City Shah Alam is an addition to the existing midscale and luxury hotels in Kuala Lumpur, Ipoh, Kota Kinabalu and Sandakan.
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By joining Worldhotels global alliance The Park Lane Jakarta sought to strengthen its brand and reach out to new markets in the face of increasing competition. However, due to ongoing renovations of the hotel, the Park Lane Jakarta was not able to join the alliance earlier. Renovations are expected to be completed by the end of 2014 and this is timely for an alliance as Jakarta is expecting due to the many Fortune 500 companies moving to the city, with the proximity of The Park Lane Jakarta to historic areas a boon. As its sister property in Hong Kong has benefitted substantially in business, the Park Lane Jakarta is also expecting the same.
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Looking beyond Myanmar’s big four destinations: Bagan, Yangon, Inle Lake and Mandalay, tour operators venture into new destinations. Located in the restive Rakhine State, Mrauk U is home to hundreds of temples and pagodas, but attracts small tourist numbers, as most travellers will need to fly to Sittwe, and then take a boat to Mrauk U. Loikaw, a remote town in Kayah State with attractions including the 11th century Taungkwe pagoda, the weekend market and remote tribes that live a few hours’ drive away from the main town. Other destinations gaining interest include Pyin Oo Lwin and the trekking destination of Hsipaw in Northern Shan State.
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A new airline full-service airline which is expected to commence flying from October, Vistara was announced by TATA-SIA Airlines Limited (the joint venture between Tata Sons and Singapore Airlines) on the 12th August 2014. Headquartered in New Delhi, Vistara will take delivery of its first plane, an Airbus A320-200 in September and plans to increase its fleet to 20 aircraft, including A320neos by the end of the fifth year of operations. The airline’s route networks have yet to be announced.
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| Closing Share Price as at | 15 August 2014 | 8 August 2014 | % Change | | Australia Stock Exchange (ASX) | | Amalgamated Holdings Limited | 9.73 | 9.46 | -1% | | General Property Group | 4.05 | 4.00 | 1% | | Mirvac Group | 1.85 | 1.75 | 6% | | Bangkok Stock Exchange (THB) | | Central Plaza Hotel Public Co Ltd | 37.75 | 37.00 | 2% | | Dusit Thani Public Co Ltd | 58.50 | 58.50 | - | | The Erawan Group Public Co Ltd | 4.62 | 4.54 | 2% | | Grande Asset Hotels and Property Public Co Ltd | 1.52 | 1.70 | -11% | | Laguna Resorts & Hotel Public Co Ltd | 32.75 | 33.75 | -3% | | Minor International Public Co Ltd | 33.00 | 32.00 | 3% | | China Shanghai Stock Exchange (RMB) | | Shanghai Jinjiang International Hotels Development | 19.23 | 17.60 | 9% | | BTG Hotels Group Co Ltd | 14.68 | 14.53 | 1% | | Jinling Hotel Corporation Ltd | 9.49 | 9.63 | -1% | | China Shenzhen Stock Exchange (RMB) | | Huatian Hotel Group Co Ltd | 5.77 | 5.24 | 10% | | Guangzhou Dong Fang Hotel Co Ltd | 8.64 | 7.71 | 12% | | Shenzhen Century Plaza Hotel Co Ltd | 4.99 | 4.99 | - | | NASDAQ (US$) | | Huazhu Hotels Group Ltd | 27.03 | 24.56 | 10% | | Home Inns & Hotels Management Inc | 33.99 | 34.37 | -1% | | Hong Kong Stock Exchange (HK$) | | Miramar Hotel & Investment Co Ltd | 9.99 | 9.78 | 2% | | Regal Hotels International Holdings Ltd | 4.73 | 4.43 | 7% | | Sino Hotels Holdings Ltd | 2.51 | 2.51 | - | | The Hong Kong & Shanghai Hotels Ltd | 11.32 | 11.00 | 3% | | Shangri-La Asia Limited | 11.92 | 11.92 | - | | Dorsett Hospitality International | 1.52 | 1.45 | 5% | | National Stock Exchange | | IHCL (Taj Hotels, Resorts & Palaces) | 81.80 | 86.05 | -5% | | EIH (Oberoi Hotels & Resorts) | 91.75 | 95.00 | -3% | | Hotel Leela Ventures | 21.75 | 23.85 | -9% | | Korea Exchange (KRW) | | The Shilla | 124,000 | 116,000 | 7% | |
| Amara Holdings Ltd | 0.57 | 0.57 | - | | Ascendas Hospitality Trust | 0.75 | 0.74 | 1% | | Ascott Residence Trust | 1.23 | 1.20 | 3% | | Banyan Tree Holdings Limited | 0.63 | 0.62 | 2% | | CDL Hospitality Trusts | 1.65 | 1.64 | 1% | | Far East Hospitality Trust | 0.83 | 0.83 | - | | Hotel Grand Central Ltd | 1.36 | 1.35 | 1% | | Hotel Properties Ltd | 4.22 | 4.10 | 3% | | Mandarin Oriental International Ltd (US$) | 1.74 | 1.73 | 1% | | OUE Hospitality Trust | 0.90 | 0.88 | 2% | | Shangri-La Asia Limited (HK$) | 12.02 | 12.02 | - | | Stamford Land Corporation Ltd | 0.59 | 0.57 | 4% | | Taiwan Stock Exchange (NT$) | | Formosa International Hotels Corporation | 328.00 | 323.64 | 1% | | The Ambassador Hotel, Ltd | 27.85 | 28.15 | -1% | | Tokyo Stock Exchange (JPY) | | Japan Hotel REIT Investment Corp. | 59,400 | 56,000 | 6% | | Imperial Hotel, Ltd | 2,223 | 2,258 | -2% |
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