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HVS - ASIA PACIFIC HOSPITALITY NEWSLETTER - For The Week Ending 13 May 2016 (May 13, 2016)

Holiday Inn Express’ New Franchise Model in China

InterContinental Hotels Group (IHG) announced the launch of a new franchise model for its Holiday Inn Express brand in China. The new model, Franchise Plus, is designed to cater to the dynamics of the Chinese hotel market. Under the new model, owners have the choice of operating franchised hotels while enjoying added features from IHG’s managed model. The rise of the middle class in China has led to significant increase in demand for midscale hotels all across the country and not just in first tier cities. By introducing the new model, IHG hopes to boost the speed of expansion of the midscale Holiday Inn Express brand across China. IHG has signed the first Franchise Plus agreement with Shanghai Yaqi Business Hotel Co. Ltd. for a 260-room Holiday Inn Express hotel in the Hongqiao area of Shanghai.

Golden Tulip Hotels Opens the Golden Tulip Salt Lake Hotel Kolkata

Golden Tulip Hotels South Asia opened its first property in Eastern India, the Golden Tulip Salt Lake Hotel Kolkata. Located in Salt Lake City, and approximately 11km south of Netaji Subhash Chandra Bose International Airport, the hotel features 55 guest rooms, a coffee shop and a multi cuisine restaurant. The hotel also has an open air lounge, a gymnasium and a spa. Kolkata is the capital of the east Indian state of West Bengal. This major commercial and cultural hub serves as a key gateway city to the eastern region of the country.

Thailand’s Cape & Kantary Hotels Plans New Island Resort on Koh Sichang

Cape & Kantary Hotels is scheduled to launch a new island resort, called the Somewhere Koh Sichang, in Thailand this year. Located on the island of Koh Sichang in Chonburi province, the property will feature 20 guestrooms, all with private balconies. Other facilities at the resort will include a small conference room to accommodate up to 40 guests, a swimming pool, a restaurant and a bar. According to Poomiphat Navanukroh, Cape & Kantary’s Travel Industry Group Director, “In this instance, we do not use brand name Cape, Kantary and Kameo, as we have done before, because we want to position this hotel as a special and lovely hotel, with its own character and location.” Currently, Cape & Kantary Hotels owns 18 hotels with a total of 3,178 rooms in Thailand under three separate brands including the Cape Hotel Collection, the Kantary Collection and the Kameo Collection. The group plans to open nine more hotels by 2020 with an approximate investment of seven billion baht.

12th China Hotel Investment Conference Successfully Concludes

Hosted by HVS and co-hosted by the China Tourism Academy and Beijing International Studies University, the 12th annual China Hotel Investment Conference (CHIC) was held earlier this week on May 11 and 12 at the JW Marriott Shanghai Tomorrow Square. The event saw a turnout of more than 250 delegates. Themed 'New Era, New Opportunity', CHIC 2016 brought to the forefront the most significant issues facing China's hotel and tourism industry as the country's economic environment changes, and investors and operators come to terms with the ‘new normal’. The conference brought together prominent hospitality and tourism leaders in the region to debate and discuss latest trends and key topics under eight broad subject areas, namely, Investment, People, Property, Places, Legal, Asset Management, Brands, and Alternative Ownership. The CHIC Organising Committee, led by Daniel Voellm, Managing Partner – HVS Asia Pacific, expresses its heartfelt gratitude to all co-hosts, sponsors, speakers and delegates for their continued support in making this year’s event yet another success, and looks forward to welcoming everyone at the 13th edition of the conference in 2017.

Absolute Share Price Performance, as on 12 May 2016

Closing Share Price as at
12 May 2016
5 May 2016
% Change
Australia Stock Exchange (ASX)
Event Hospitality and Entertainment Ltd
15.04
15.05
-0.1%
General Property Group
5.22
5.14
1.6%
Mirvac Group
1.95
1.95
0.3%
Mantra Group
3.96
3.69
7.3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd
38.75
38.75
0.0%
Dusit Thani Public Co Ltd
84.00
86.00
-2.3%
The Erawan Group Public Co Ltd
4.34
4.44
-2.3%
Grande Asset Hotels and Property Public Co Ltd
0.93
0.91
2.2%
Laguna Resorts & Hotel Public Co Ltd
25.50
24.20
5.4%
Minor International Public Co Ltd
38.00
35.75
6.3%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd
12.30
13.48
-8.8%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd
6.58
7.56
-13.0%
Guangzhou Dong Fang Hotel Co Ltd
13.12
13.12
0.0%
NASDAQ (US$)
China Lodging Group Ltd
37.20
35.00
6.3%
Home Inns & Hotels Management Inc
35.71
35.71
0.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd
14.20
14.24
-0.3%
Regal Hotels International Holdings Ltd
3.61
3.72
-3.0%
Sino Hotels Holdings Ltd
2.96
2.96
0.0%
The Hong Kong & Shanghai Hotels Ltd
8.56
8.84
-3.2%
Shangri-La Asia Limited
9.02
9.16
-1.5%
Dorsett Hospitality International
1.54
1.54
0.0%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces)
105.00
106.95
-1.8%
EIH (Oberoi Hotels & Resorts)
104.80
102.10
2.6%
Hotel Leela Ventures
18.00
17.70
1.7%
Korea Exchange (KRW)
The Shilla
70600
71100
-0.7%
Singapore Stock Exchange (S$)
Amara Holdings Ltd
0.43
0.42
1.2%
Ascendas Hospitality Trust
0.70
0.69
1.5%
Ascott Residence Trust
1.12
1.12
0.4%
Banyan Tree Holdings Limited
0.48
0.48
0.0%
CDL Hospitality Trusts
1.37
1.37
-0.4%
Far East Hospitality Trust
0.63
0.63
0.0%
Hotel Grand Central Ltd
1.19
1.25
-4.8%
Hotel Properties Ltd
3.42
3.54
-3.4%
Mandarin Oriental International Ltd (US$)
1.46
1.43
2.1%
OUE Hospitality Trust
0.66
0.68
-2.9%
Stamford Land Corporation Ltd
0.54
0.53
0.9%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation
194.00
194.50
-0.3%
The Ambassador Hotel, Ltd
25.40
26.25
-3.2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp.
96900
97500
-0.6%
Imperial Hotel, Ltd
2362
2430
-2.8%

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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