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16 August 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Yangon to Develop Second Airport
ONYX to Make Debut in Malaysia
Mantra Group Plans Expansion in Indonesia and Thailand
New Airline to Launch in Bali
Vietnam Plans Major Rail Upgrade
Absolute Share Price Performance, as at 16 August 2013
Yangon to Develop Second Airport Return to Headlines
Yangon is set to develop a second airport to help the city cope with the expected increase in visitors over the coming years. The Hanthawaddy International Airport will be located on the outskirts of Yangon and is understood to cost approximately US$1.1 billion. The new airport is expected to have an annual capacity of approximately 12 million passengers and is anticipated to be completed by 2018. The existing Yangon International Airport is currently able to handle 2.7 million passengers annually and upon completion of its planned expansion, is expected to handle six million passengers by 2017.

ONYX to Make Debut in Malaysia Return to Headlines

ONYX Hospitality Group will make its debut in Malaysia with the OZO Penang. Scheduled to open in 2016, the OZO Penang will be the group and brand's pioneer property in Malaysia. The property will be located in the centre of Georgetown and will feature 132 guestrooms, meeting rooms, all-day dining, fitness centre and a grab-and-go food outlet. OZO recently opened its first property in Hong Kong earlier this year and management agreements have been signed for projects in Thailand and Sri Lanka.

Mantra Group Plans Expansion in Indonesia and Thailand Return to Headlines

Australian-based Mantra Group is planning to expand its portfolio in Asia Pacific, with focus on Indonesia and Thailand. Mantra intends to open 20 hotels in Indonesia within the next three years and to operate another 20 properties in Thailand in the next six years. Mantra recently opened its first property in Asia, Mantra Nusa Dua Bali, in March and is understood to be in talks to run a hotel in Jakarta. Mantra also plans to continue developing its Australian portfolio and is expected to rebrand, expand and open at least five properties by 2015.

New Airline to Launch in Bali Return to Headlines

NAM Air, a new airline is set to be launched in Bali and will serve both domestic and international routes. Jakarta-based Sriwijaya Air, Indonesia's third largest carrier after Garuda and Lion Air, has received permission for its new airline, NAM Air, to operate 300 domestic and international routes, including East Timor, Malaysia, Papua New Guinea, the Philippines and Singapore. NAM Air is anticipated to start operations by 2013 and is expected to offer low-cost fares and a limited range of services.

Vietnam Plans Major Rail Upgrade Return to Headlines

Vietnam's Ministry of Transport has released a draft blueprint for the development of the country's railway infrastructure. The development plans are understood to comprise of three main elements - upgrading the country's existing railway lines, the development of a new double-track broad gauge line connecting Hanoi and Ho Chi Minh City and the development of two express railway sections. Currently, a train ride between Hanoi and Ho Chi Minh City takes about 30 hours on the single-track gauge railway line. By improving the existing track, it is anticipated that the train ride will be shortened to 21 hours. The total cost for upgrading the current railway line is understood to be an estimated VND40 trillion (US$1.9 billion).

Absolute Share Price Performance, as at 16 August 2013
Closing Share Price as at 16 August 2013 9 August 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.17 8.15 -
General Property Group 3.65 3.72 -2%
Mirvac Group 1.65 1.65 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 34.00 33.50 1%
Dusit Thani Public Co Ltd 59.25 64.25 -8%
The Erawan Group Public Co Ltd 4.22 4.42 -5%
Grande Asset Hotels and Property Public Co Ltd 1.20 1.24 -3%
Laguna Resorts & Hotel Public Co Ltd 31.00 30.25 2%
Minor International Public Co Ltd 23.70 24.50 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 12.19 12.30 -1%
Beijing Capital Tourism Co Ltd 14.58 13.87 5%
Jinling Hotel Corporation Ltd 7.39 7.62 -3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 8.47 7.63 11%
Guangzhou Dong Fang Hotel Co Ltd 5.53 5.80 -5%
Shenzhen Century Plaza Hotel Co Ltd 3.68 3.79 -3%
China Lodging Group, Limited 19.81 18.00 10%
Home Inns & Hotels Management Inc 32.37 29.05 11%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.98 9.92 1%
Regal Hotels International Holdings Ltd 3.93 3.90 1%
Sino Hotels Holdings Ltd 2.63 2.63 -
The Hong Kong & Shanghai Hotels Ltd 11.70 12.26 -5%
Shangri-La Asia Limited 12.18 11.70 4%
Dorsett Hospitality International 1.82 1.81 1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 42.15 42.30 -
EIH (Oberoi Hotels & Resorts) 48.30 50.55 -4%
Hotel Leela Ventures 16.00 16.05 -
Korea Exchange (KRW)
The Shilla 65,000 65,800 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.57 -2%
Ascendas Hospitality Trust 0.80 0.85 -6%
Ascott Residence Trust 1.25 1.26 -1%
Banyan Tree Holdings Limited 0.70 0.69 1%
CDL Hospitality Trusts 1.58 1.62 -2%
Far East Hospitality Trust 0.87 0.92 -5%
Hotel Grand Central Ltd 1.06 1.05 1%
Hotel Properties Ltd 3.05 3.04 -
Mandarin Oriental International Ltd (US$) 1.63 1.67 -2%
Pan Pacific Hotels Group Limited 2.54 2.54 -
Shangri-La Asia Limited (HK$) 11.80 11.80 -
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 330 374 -12%
The Ambassador Hotel, Ltd 28.65 28.05 2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 39,050 39,150 -
Imperial Hotel, Ltd 3,530 3,540 -
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Tan Wei See
HVS Singapore
David Ling
HVS Mumbai
Natwar Nagar
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 Singapore.

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