HVS - ASIA PACIFIC HOSPITALITY NEWSLETTER - For The Week Ending 29 July 2016 (August 1, 2016)

Thailand’s Second dusitD2 Set to Open This Week

Dusit International has announced the opening of a new dusitD2 Khao Yai on 2 August, 2016. Located on the fringe of Thailand’s famous Khao Yai National Park, a UNESCO World Heritage Site, and a two-hour drive from central Bangkok, the hotel will be the latest addition to dusit’s D2 collection in Thailand, following an existing property in Chiang Mai. The pet-friendly hotel will offer 79 rooms and suites, an international restaurant, a coffee shop, an outdoor pool, as well as indoor and outdoor function space. One of the resort’s unique features includes ‘Cocoon’, a treetop dining pod, which offers a bird’s-eye view of the resort and surrounding mountains. According to Jerome Sim, General Manager of dusitD2 Khao Yai, “dusitD2 Khao Yai is an exciting addition to our expanding portfolio of hotels. Khao Yai is fast becoming one of Thailand’s most popular year-round holiday destinations, attracting an ever-increasing number of young, tech-savvy travelers, and dusitD2 Khao Yai is perfectly positioned to meet their needs.” The dusitD2 brand is also present in the US, China and Kenya, and will soon make a debut in the UAE as well.

Hoshino Resorts Opens Tokyo’s First Luxury Ryokan

Hoshino Resorts Inc. recently opened Tokyo’s first luxury ryokan, the HOSHINOYA Tokyo. The hotel is situated in Otemachi, Japan’s leading financial district. HOSHINOYA Tokyo is uniquely created in the style of a Japanese Ryokan – a traditional Japanese inn where one can relax in a tatami-floored room with hot spring baths and seasonal cuisine. Ryokans are usually found in more scenic locations, such as in the mountains or by the ocean, owing to the natural beauty in such areas. The 84-room property will feature a private spa and hot spring on its 17th floor, equipped with open-roof baths. The hotel will also offer its guests authentic Japanese cuisine in order to create a holistic, traditional Japanese experience in the heart of the capital’s busiest district.

India Looks to Extend E-Visa Scheme to 36 More Countries

The Indian government is looking at the possibility to extend its e-visa facilities to citizens of 36 more countries including Italy, Iran, Egypt, Qatar, Bahrain, Saudi Arabia, Morocco, Maldives, Nigeria, Turkey and Kazakhstan. Since its launch in November 2014, the e-visa scheme is currently available for citizens from 150 countries. A total of 36,982 tourists arrived in June 2016 using e-visa, as compared to 15,557 in June last year, thus indicating year-on-year growth of 137%. Subhash Goyal, Chairman of STIC Travel Group commented that, “there is a need to allow multiple entries on e-visas so that tourists looking to visit neighboring countries like Nepal and Sri Lanka can come back to India.” Going forward, this initiative is expected to boost tourism arrivals as this process is lot more convenient and less time consuming for tourists wanting to travel into India.

Cambodia to Expect Strong Tourism Growth as Air Connectivity Improves and Three Destinations Eye World Heritage Status

According to the latest figures from Cambodia Airports, the number of international visitors landing at the country’s three international airports (Siem Reap, Sihanoukville and Phnom Penh) between January and June 2016, has seen a healthy 5% year-on-year increase, with Phnom Penh International Airport showing the highest increase of 10%. The growth can be attributed to a host of direct flights introduced this year, including on Sihanoukville-Vietnam and Sihanoukville-China routes, as well as the upgradation of both Siem Reap and Phnom Penh airports to expand terminals and double the capacity at each. Furthermore, if the bid for enlisting three of Cambodia’s popular tourist destinations as UNESCO World Heritage Sites, becomes successful, the country can expect a boom in tourist arrivals in the near future, mirroring the impact subsequent to the initial listing of Angkor Wat. The three destinations are – Battambang, a cultural hub and home to ancient temples; Kratie, which is famous for its endangered wildlife, and home to the Irrawaddy dolphins and Cantor’s giant softshell turtles, and Kampot, renowned for its Kampot pepper and stunning colonial buildings. However, the process for these sites to get on the short-list will take a minimum of 5 years, with restoration work in the three towns completed before then.

Absolute Share Price Performance, as on 28 July 2016

Closing Share Price as at 28 July 2016 21 July 2016 % Change
Australia Stock Exchange (ASX)
Event Hospitality and Entertainment Ltd 15.00 15.16 -1.1%
General Property Group 5.59 5.63 -0.7%
Mirvac Group 2.22 2.17 2.3%
Mantra Group 3.63 3.60 0.8%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 42.00 39.50 6.3%
Dusit Thani Public Co Ltd 9.95 10.20 -2.5%
The Erawan Group Public Co Ltd 4.72 4.44 6.3%
Grande Asset Hotels and Property Public Co Ltd 0.98 0.95 3.2%
Laguna Resorts & Hotel Public Co Ltd 26.00 25.75 1.0%
Minor International Public Co Ltd 41.00 42.00 -2.4%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 13.52 13.57 -0.4%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 6.39 6.57 -2.7%
Guangzhou Dong Fang Hotel Co Ltd 13.12 13.12 0.0%
China Lodging Group Ltd 37.98 38.89 -2.3%
Home Inns & Hotels Management Inc 35.71 35.71 0.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 13.56 13.30 2.0%
Regal Hotels International Holdings Ltd 3.85 3.78 1.9%
Sino Hotels Holdings Ltd 2.49 2.48 0.4%
The Hong Kong & Shanghai Hotels Ltd 8.27 8.31 -0.5%
Shangri-La Asia Limited 8.58 8.54 0.5%
Dorsett Hospitality International 1.54 1.54 0.0%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 136.15 133.55 1.9%
EIH (Oberoi Hotels & Resorts) 116.40 116.60 -0.2%
Hotel Leela Ventures 18.75 18.15 3.3%
Korea Exchange (KRW)
The Shilla 59800 64800 -7.7%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.415 0.415 0.0%
Ascendas Hospitality Trust 0.745 0.725 2.8%
Ascott Residence Trust 1.140 1.150 -0.9%
Banyan Tree Holdings Limited 0.435 0.475 -8.4%
CDL Hospitality Trusts 1.480 1.490 -0.7%
Far East Hospitality Trust 0.635 0.635 0.0%
Frasers Hospitality Trust 0.785 0.775 1.3%
Hotel Grand Central Ltd 1.315 1.310 0.4%
Hotel Properties Ltd 3.490 3.430 1.7%
Mandarin Oriental International Ltd (US$) 1.375 1.355 1.5%
OUE Hospitality Trust 0.725 0.715 1.4%
Stamford Land Corporation Ltd 0.480 0.480 0.0%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 187.00 187.00 0.0%
The Ambassador Hotel, Ltd 26.00 26.45 -1.7%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 87400 85800 1.9%
Imperial Hotel, Ltd 2105 2137 -1.5%

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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