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 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.
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.
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.
Closing Share Price as at
12 May 2016
5 May 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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