HVS - ASIA PACIFIC HOSPITALITY NEWSLETTER - For The Week Ending 20 Jan 2017 (January 20, 2017)

Mövenpick Hotels & Resorts Debuts in Sri Lanka and Indonesia

Mövenpick Hotels & Resorts marked its debut in the Sri Lankan capital of Colombo with the opening of the Mövenpick Hotel Colombo, last week. Owned by Softlogic Group, the 24-storey building features 219 rooms and suites, seven restaurants and bars, approximately 441 square meters of meeting space, a fitness center, a spa, a salon, and a rooftop infinity pool. This is the group’s third hotel in South Asia, after India and Pakistan. The property is also the first new international five-star hotel in Colombo to open in 25 years.

Earlier this month, the group also held the opening ceremony for its very first property in Bali, Indonesia. The Mövenpick Resort & Spa Jimbaran Bali opened with 297 rooms and suites, and is a three-minute walk from Jimbaran Bay and a 20-minute drive from the Ngurah Rai International Airport. One of the key features of the resort includes a 2,900-square-meter free-form swimming pool with an artificial beach area and a lap pool. This hotel comprises one of the eight properties in the group’s pipeline over the next three years across Thailand, Malaysia, Philippines and Vietnam. By 2020, Mövenpick plans to triple its portfolio in Southeast Asia to over 30 operating properties.

AccorHotels Opens the ibis Kochi City Centre in Kerala, India

AccorHotels announced the opening of its first hotel in Kerala – the ibis Kochi City Centre in Kochi. Owned by InterGlobe Hotels and located on Ernakulam’s commercial hub, MG Road, the hotel features 115 rooms, an all-day dining restaurant, a fitness center and approximately 115 square meters of meeting space. In addition to being an upcoming smart city and a commercial hub, Kochi is also the state headquarters of the Indian Coast Guard and home to the Southern Naval Command of the Indian Navy. Tourism is an important contributor to the city’s economy since Kochi is used as an entry and exit point for tourists travelling to major leisure destinations in the state, such as Munnar, Thekkady, Marari, Alleppey and Kumarakom.

Carlson Rezidor Opens the Radisson Blu Faridabad in Haryana

Carlson Rezidor Hotel Group and Eros Group announced the opening of the Radisson Blu Faridabad in Faridabad, Haryana. The hotel features 124 rooms and suites, two restaurants, a bar, a tea lounge, a swimming pool, a fitness center and a spa, and a 6,000-square-foot ballroom in addition to smaller meeting rooms. Faridabad is an industrial town in the Indian state of Haryana, and is a part of the National Capital Region (NCR).

CNT Establishes Zhongwei Hotels Group for Asset Integration

In order to further promote the integration and optimization of diversified hotel assets under its portfolio, the China National Tobacco Corporation (CNT) established Zhongwei Hotels Group for its hotel business integration. Currently operating with four brands – ZhongWei, WeiEssence, WeiSelect and WeiCasa, Zhongwei Hotels Group has formulated a brand development strategy for integration. Over 20 hotels ranging from midscale to upscale categories, spread across 15 provinces and municipalities, including Beijing, Guangdong, Yunnan, Jiangsu, Gansu, Shaanxi and Shandong, were the first to be integrated into the group. In addition to self-managed hotels, Zhongwei Hotels Group also plans to expand its presence as an operator, relying on its strong management expertise. Furthermore, to gain access to and share frequent customer information among its 45 member hotels, the group has launched Rewards Club – a customer loyalty program designed to offer exclusive member-only services with unique Chinese characteristics.

Owners and Operators on the ‘Hot Seat’ at THINC Sri Lanka 2017

 With just two weeks to go, THINC Sri Lanka gears up for its 2nd edition in the capital city of Colombo. Expertly tailored by HVS, THINC Sri Lanka follows in HVS' tradition of organizing leading hotel conferences around the world and promises to live up to the reputation, once again, by creating an exceptional forum for knowledge-sharing, networking and collaboration. Among the many highlights at this year’s conference is the ‘Hot Seat: Owner – Operator Connect’. This concluding session at THINC Sri Lanka 2017 promises to entice and entertain, as panelists meet head-on to address critical questions about the alignment of owner and operator expectations (or the lack of it). To be moderated by HVS’ Chairman Asia Pacific and hot-seat specialist – Manav Thadani, the panel has strong representations from ownership groups and global hotel brands, namely Ama Maliduwapathirana, Director, Southern Group of Companies; Malinga Arsakularatne, MD, Leisure Travel & Aviation Group and Executive Director, Hemas Holdings; Sanjeev Gardiner, Group Chairman, The Galle Face Hotel Group; Shantha De Silva, Head - SW Asia, InterContinental Hotels Group, and William Costley, VP Operations - SE Asia & India, Hilton Worldwide.

Absolute Share Price Performance, as on 19 Jan 2017

Closing Share Price as at 19 Jan 2017 12 Jan 2017 % Change
Australia Stock Exchange (ASX)
Event Hospitality and Entertainment Ltd 13.9 14.1 -1.4%
General Property Group 4.76 4.83 -1.4%
Mirvac Group 2.01 2.05 -2.0%
Mantra Group 2.91 3.06 -4.9%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 37 37.25 -0.7%
Dusit Thani Public Co Ltd 10.9 9.25 17.8%
The Erawan Group Public Co Ltd 4.42 4.48 -1.3%
Grande Asset Hotels and Property Public Co Ltd 0.85 0.87 -2.3%
Laguna Resorts & Hotel Public Co Ltd 25.75 25.25 2.0%
Minor International Public Co Ltd 34.25 35.75 -4.2%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 14.02 14.26 -1.7%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 7.43 7.45 -0.3%
Guangzhou Dong Fang Hotel Co Ltd 14.01 16.6 -15.6%
China Lodging Group Ltd 49.94 48.61 2.7%
Home Inns & Hotels Management Inc 35.71 35.71 0.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 16.24 16.34 -0.6%
Regal Hotels International Holdings Ltd 4.21 4.23 -0.5%
Sino Hotels Holdings Ltd 2.67 2.69 -0.7%
The Hong Kong & Shanghai Hotels Ltd 8.68 8.69 -0.1%
Shangri-La Asia Limited 8.2 8.61 -4.8%
Dorsett Hospitality International 1.54 1.54 0.0%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 107.4 98 9.6%
EIH (Oberoi Hotels & Resorts) 99.45 97 2.5%
Hotel Leela Ventures 16.8 16.5 1.8%
Korea Exchange (KRW)
The Shilla 46200 45200 2.2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.4 0.405 -1.2%
Ascendas Hospitality Trust 0.71 0.715 -0.7%
Ascott Residence Trust 1.17 1.175 -0.4%
Banyan Tree Holdings Limited 0.46 0.455 1.1%
CDL Hospitality Trusts 1.395 1.41 -1.1%
Far East Hospitality Trust 0.595 0.595 0.0%
Frasers Hospitality Trust 0.665 0.66 0.8%
Hotel Grand Central Ltd 1.38 1.38 0.0%
Hotel Properties Ltd 3.7 3.78 -2.1%
Mandarin Oriental International Ltd (US$) 1.285 1.27 1.2%
OUE Hospitality Trust 0.675 0.675 0.0%
Stamford Land Corporation Ltd 0.48 0.48 0.0%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 167.5 169 -0.9%
The Ambassador Hotel, Ltd 23.3 23.45 -0.6%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 78800 78100 0.9%
Imperial Hotel, Ltd 2087 2105 -0.9%
Red Planet Japan Inc 35 32 9.4%

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