American hotel major Marriott International has launched its first ever integrated property in the country, housing its Courtyard and Fairfield brands, under its joint venture (JV) with SAMHI Hotels. The JV, called SAMHI JV Business Hotels, includes 33 percent stake held by Marriott International and the remaining 67 percent stake owned by SAMHI. Located in Bengaluru's IT hub of Outer Ring Road, the 366-room property has been built with a total investment of over INR300 crore. The 170-key Courtyard by Marriott and 166-unit Fairfield are jointly located on two acres of land, and are linked by one common floor.
More than 137 million overseas tourists will visit China in 2016, a 2.5 percent increase from the previous year. This would be the second year of growth in inbound tourism after the country saw years of decline in foreign tourists since 2011. International tourism revenue in 2016 is expected to reach $121 billion, an increase by 6.5 percent. During the annual work meeting held earlier this January, China National Tourism Administration set its development goal of 2016. According to Li Shihong, Deputy Head of the Administration, second- and third-tier cities as well as small towns will play a leading role in attracting overseas tourists since they have unique culture symbols, beautiful landscape and have persevered history in their daily lives better than modern cities. “Besides, the high-speed railway network has connected small towns and also made them more accessible than before. It is a great timing for them to develop the inbound tourism industry”, added Li.
The Singapore Tourism Board (STB) aims to attract more Myanmar travelers to visit Asia’s Lion City, recognising it as a rapidly emerging source market for Singapore. STB reported that in 2014 there were more than 112,000 visitors from Myanmar to Singapore, while the number of leisure visitors increased more than 50 percent over the last five years. Additionally, the average length of stay for Myanmar leisure travellers to Singapore was about eight to nine days, which is much higher as compared to the global average. Although, unlike several other ASEAN nations, Singapore has yet to agree to a visa waiver for Myanmar nationals, this impediment does not seem to pose a great concern for most Myanmar travelers. STB will continue to drive awareness about Singapore and showcase the destination to Myanmar nationals through active social media campaigns, festivals and travel promotions. Despite fewer arrivals in 2015, STB remains optimistic about Myanmar and expects the number of arrivals to pick up soon, given the strong historic trend and their coordinated marketing efforts.
Thai Smile Airways, the regional airline and wholly owned subsidiary of Thai Airways, launched new flights to Siem Reap on 1st February, in a move welcomed by Cambodia to attract more tourists to the historic town. The airline will offer flights from Suvarnabhumi International Airport to Siem Reap International Airport four times a week, on Friday, Saturday, Sunday and Monday, in order to encourage travel over the weekend. According to Natthawut Phothisaro, Thai Ambassador to Cambodia, “This new flight path will help connect people to people on the 65th anniversary of Thai-Cambodian relations.” This is Thai Smile Airways’ – and parent company Thai Airways’ – first Siem Reap flight, and with this, they join Bangkok Airways, Thai AirAsia and Cambodia Angkor Air in the route popular for tourists to the home of Angkor Wat. Thai Smile Airways’ new route becomes the fourth international destination for the carrier after Changsha, Macau and Yangon.
HVS is pleased to announce the 12th edition of Hotel Investment Conference (HICSA), scheduled to be held on 5 and 6 April, 2016, at the JW Marriott Aerocity, New Delhi. Recognized as the one of the most premier industry events in the region, HICSA brings together more than 500 delegates each year, from over 20 countries. One of the key highlights at HICSA 2016 include a Keynote Address by the Hon’ble Chief Minister of Andhra Pradesh, Shri Chandrababu Naidu, on the opening day of the conference. Other notable speakers at the conference include, David Berg, CEO, Carlson Hospitality Group; Jan Smits, CEO-AMEA, InterContinental Hotels Group; Jonathan Vanica, MD-Asian Special Situations Group, Goldman Sachs; Kapil Chopra, President, The Oberoi Group; Kavin C Bloomer, Executive Director, Morgan Stanley; Michael Issenberg, Chairman & CEO-APAC, AccorHotels; Nakul Anand, Executive Director, ITC Limited; Peter Fulton, Group President-EAME & SW Asia, Hyatt Hotels Corporation; Rajeev Menon, COO-APAC (excluding Greater China), Marriott International; Ratnesh Verma, President & MD, Whitbread Hotels & Restaurants International, and Thorsten Kirschke, President-APAC, Carlson Rezidor Hotel Group, to name a few.
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Closing Share Price as at
4 Feb 2016
28 Jan 2016
Australia Stock Exchange (ASX)
Event Hospitality and Entertainment Ltd
General Property Group
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd
Dusit Thani Public Co Ltd
The Erawan Group Public Co Ltd
Grande Asset Hotels and Property Public Co Ltd
Laguna Resorts & Hotel Public Co Ltd
Minor International Public Co Ltd
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd
Guangzhou Dong Fang Hotel Co Ltd
China Lodging Group Ltd
Home Inns & Hotels Management Inc
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd
Regal Hotels International Holdings Ltd
Sino Hotels Holdings Ltd
The Hong Kong & Shanghai Hotels Ltd
Shangri-La Asia Limited
Dorsett Hospitality International
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces)
EIH (Oberoi Hotels & Resorts)
Hotel Leela Ventures
Korea Exchange (KRW)
Singapore Stock Exchange (S$)
Amara Holdings Ltd
Ascendas Hospitality Trust
Ascott Residence Trust
Banyan Tree Holdings Limited
CDL Hospitality Trusts
Far East Hospitality Trust
Hotel Grand Central Ltd
Hotel Properties Ltd
Mandarin Oriental International Ltd (US$)
OUE Hospitality Trust
Stamford Land Corporation Ltd
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation
The Ambassador Hotel, Ltd
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp.
Imperial Hotel, Ltd
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 Asia Pacific.
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