HVS Asia Pacific Hospitality Newsletter - Week Ending 28 April 2017 (April 28, 2017)

Best Western Opens Its First Property in Batam, Indonesia

Best Western Hotels & Resorts recently opened the Best Western Premier Panbil in Batam, Indonesia. Featuring 233 rooms and suites, the hotel is situated in Batam’s Panbil Industrial Estate – a major commercial and residential hub just 14 kilometers from the Hang Nadim Airport and 15 kilometers from the International Ferry Terminal. Additional facilities at the hotel include an outdoor pool, a spa, a fitness center, two F&B outlets including a rooftop restaurant, and extensive function space for both corporate and social events. Best Western Premier Panbil represents Best Western’s fifteenth hotel in Indonesia and its first in Batam. Batam is an island in Indonesia, accessible from Singapore via a 45-minute ferry ride.

Mövenpick to Debut in Maldives Next Year

Mövenpick Hotels & Resorts has inked a management agreement to open its first property in Maldives – the Mövenpick Resort & Spa Kuredhivaru Maldives. Slated to open during the second quarter of 2018, the resort will feature 33 beach villas and 72 over-water villas. Resort facilities will include a luxury spa with 14 private treatment rooms, a yoga pavilion, volleyball and tennis courts, and a gym, in addition to a business center, a library and a retail boutique. The property will also feature a comprehensive dive center, a beach sports activity center, a guest-only super-yacht, a small scale marine research center and a private marina. Mövenpick Resort & Spa Kuredhivaru Maldives is located on the remote Kuredhivaru Island in Noonu Atoll, in the northern part of the Maldives. It is a 15-minute speedboat ride from the first Marine National Park in the Maldives, which consists of nine uninhabited islands known as Edu Faru. The popular scenic spot, Christmas Tree Rock and Orimas Thila dive sites are also nearby and accessible by boat.

Qatar Airways Announces Third Non-Stop Daily Flight to Bali

From 7 May 2017, Qatar Airways is going to introduce a third daily non-stop route from Doha’s Hamad International Airport (HIA) to Ngurah Rai International Airport in Denpasar, Bali. The airline offered its first direct service to Bali in 2014, later enhancing this to a twice daily frequency. Prior to this, Qatar Airways served the destination via a touchdown in Singapore. The new direct flight will operate with the Boeing 787 Dreamliner, increasing its daily seat capacity by 35 per cent. The route is currently operated by a Boeing 777 and Airbus A330 wide-body aircraft on its existing double-daily offering. The additional flight is expected to be popular for those travelling from Qatar Airways’ extensive route network in Europe, the Middle East and the United States, as travel time to Bali will be significantly reduced with just one quick international transfer at Doha’s HIA.

Norwegian to Connect London and Singapore with Low-Cost Flights

Long-haul airline company, Norwegian Air Shuttle plans to launch a 13-hour flight from London’s Gatwick Airport to Changi Airport in Singapore on 28 September 2017. The new flight will become the longest direct route offered by an ultra-low cost carrier. One-way economy tickets will be priced from S$199 while for premium economy, prices will begin at S$893 one way. Norwegian UK will operate the new four-times weekly service on the Boeing 787 Dreamliner, before increasing the frequency up to five times per week in winter (October to March). The new Singapore route sets a milestone for Norwegian’s goals to expand its long-haul network into new global markets including Asia, according to a statement from the airline.

Absolute Share Price Performance, as on 28 Apr 2017

Closing Share Price as at 28 Apr 2017 21 Apr 2017 % Change
Australia Stock Exchange (ASX)
Elanor Investors Group 2.19 2.18 0.5%
Event Hospitality and Entertainment Ltd 13.24 12.98 2.0%
General Property Group 5.23 5.4 -3.1%
Mirvac Group 2.29 2.29 0.0%
Mantra Group 2.82 2.9 -2.8%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 34.75 35.25 -1.4%
Dusit Thani Public Co Ltd 9.2 9.15 0.5%
The Erawan Group Public Co Ltd 4.82 4.82 0.0%
Grande Asset Hotels and Property Public Co Ltd 0.92 0.9 2.2%
Laguna Resorts & Hotel Public Co Ltd 27.5 28.25 -2.7%
Minor International Public Co Ltd 37.25 37 0.7%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 12.75 12.99 -1.8%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 5.71 5.88 -2.9%
Guangzhou Dong Fang Hotel Co Ltd 13.59 14.22 -4.4%
China Lodging Group Ltd 71.48 67.3 6.2%
Home Inns & Hotels Management Inc 35.71 35.71 0.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 16.94 17.24 -1.7%
Regal Hotels International Holdings Ltd 5.15 5.08 1.4%
Sino Hotels Holdings Ltd 2.95 2.86 3.1%
The Hong Kong & Shanghai Hotels Ltd 9.13 9.12 0.1%
Shangri-La Asia Limited 11.14 10.98 1.5%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 128.25 126.05 1.7%
EIH (Oberoi Hotels & Resorts) 132.8 133.75 -0.7%
Hotel Leela Ventures 20.4 20.4 0.0%
Korea Exchange (KRW)
The Shilla 50800 55200 -8.0%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.57 0.565 0.9%
Ascendas Hospitality Trust 0.78 0.77 1.3%
Ascott Residence Trust 1.1 1.095 0.5%
Banyan Tree Holdings Limited 0.54 0.54 0.0%
CDL Hospitality Trusts 1.55 1.475 5.1%
Far East Hospitality Trust 0.6 0.61 -1.6%
Frasers Hospitality Trust 0.73 0.715 2.1%
Hotel Grand Central Ltd 1.43 1.41 1.4%
Hotel Properties Ltd 4 4 0.0%
Mandarin Oriental International Ltd (US$) 1.43 1.28 11.7%
OUE Hospitality Trust 0.72 0.71 1.4%
Stamford Land Corporation Ltd 0.540 0.530 1.9%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 158 155 1.9%
The Ambassador Hotel, Ltd 23.35 23.6 -1.1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 76000 75000 1.3%
Imperial Hotel, Ltd 2109 2110 0.0%
Red Planet Japan Inc 27 27 0.0%

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.