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Featured in this Asia Pacific Hospitality Newsletter |
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Accor is planning to welcome more Indian guests to its hotels in Australia, following the launch of direct flights between the two countries. Air India will launch services connecting Delhi with both Sydney and Melbourne, and Accor is preparing for this with the roll-out of its Indian Optimum Service Standards for Indian inbound travellers. Facilities offered under the Indian Optimum Service Standards programme include Indian dishes on the breakfast, restaurant and room service menus, hotel welcome kits in Hindi, Indian adaptor plugs, Indian television channels and newspapers, and Indian snacks and drinks available in the minibar.
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The Parkroyal on Beach Road in Singapore has unveiled a major new MICE centre called 'The Ballrooms'. The new standalone conference and events hub cost SG$20 million (US$16m) to refurbish. It has direct street access, and connected to the 343-room Parkroyal hotel via a skywalk. The Ballrooms offers 576m˛ of event space accommodating up to 860 guests. The built-in facility includes a reception area, two pillarless ballrooms and a private boardroom. Both ballrooms can be divided into six smaller rooms, and come equipped with a high-definition audio-video conferencing system including an 84-inch interactive touchscreen monitor.
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Singapore's Changi Airport saw 4.54 million people go through its terminal in July, an increase of 4% year-on-year. The news comes amidst further increases for the Asian hub, including air traffic rising by 6.9% and freight increasing 1.1%. The passenger number rise takes the total figure for January-June to 30.8 million people - a year-on-year increase of roughly 4.9%. Air traffic also saw a rise of 4.9%. Changi currently has over 100 airlines operating at the terminal, which connects the airport to 250 cities in around 60 countries worldwide. The figure translates to around 6,700 weekly flights, or a take off or landing every 100 seconds.
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The Indonesian island of Bali has reported a surge in hotel openings this year, with brands including Ritz Carlton, Le Méridien and Regent Hotels & Resorts all opening properties within the last 12 months. The luxury openings have been part of a concentrated campaign by the Indonesian Ministry of Tourism and Creative Economy to focus on the sector and growing it within Bali.
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Sri Lanka's hotels are gearing up for the Commonwealth Heads of Government Meeting to be held in the country from November 8 to 17, an event expected to provide a tremendous boost to Sri Lanka's tourism industry. So far more than 4,000 rooms have been booked for the summit, which will see 52 heads of state and up to 1,000 journalists in attendance. Delegates would stay an average of six to seven nights in the country. Hotels to host top dignitaries and attendees include Hilton Colombo, Cinnamon Lakeside Colombo, The Kingsbury, and Hotel Galadari.
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Kepong Industrial Park (KIP) Group is expanding into the hospitality space, with the Group's first hotel KIP Hotel scheduled for completion in mid-2015. The property would be located in the commercial district of Sri Utara in Kuala Lumpur and operated by The Lexis Hotel Group. KIP Hotel will boast 199 rooms and will be positioned as a premier three-star hotel with four-star service. Hotel amenities will include a rooftop bar, show kitchen café, business centre, banquet hall, infinity pool, fitness centre and conference facilities.
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Absolute Share Price Performance, as at 30 August 2013
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Closing Share Price as at |
30 August 2013
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23 August 2013
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
8.02
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8.32
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-4%
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General Property Group |
3.55
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3.59
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-1%
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Mirvac Group |
1.64
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1.66
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-1%
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
27.50
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31.25
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-12%
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Dusit Thani Public Co Ltd |
56.75
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56.75
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-
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The Erawan Group Public Co Ltd |
3.56
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3.88
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-8%
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Grande Asset Hotels and Property Public Co Ltd |
1.02
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1.07
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-5%
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Laguna Resorts & Hotel Public Co Ltd |
28.25
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27.75
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2%
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Minor International Public Co Ltd |
21.40
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22.50
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-5%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
14.99
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12.67
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18%
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Beijing Capital Tourism Co Ltd |
14.71
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14.81
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-1%
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Jinling Hotel Corporation Ltd |
7.11
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7.03
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1%
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
8.68
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8.96
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-3%
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Guangzhou Dong Fang Hotel Co Ltd |
5.87
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5.55
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6%
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Shenzhen Century Plaza Hotel Co Ltd |
3.95
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3.73
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6%
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NASDAQ (US$) |
China Lodging Group, Limited
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19.15
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19.58
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-2%
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Home Inns & Hotels Management Inc |
33.67
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34.84
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-3%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.93
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9.90
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-
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Regal Hotels International Holdings Ltd |
3.98
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3.82
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4%
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Sino Hotels Holdings Ltd |
2.66
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2.66
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-
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The Hong Kong & Shanghai Hotels Ltd |
11.18
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11.50
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-3%
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Shangri-La Asia Limited |
11.94
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11.94
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-
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Dorsett Hospitality International
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1.77
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1.79
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-1%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
45.00
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41.80
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8%
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EIH (Oberoi Hotels & Resorts) |
50.25
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48.85
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3%
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Hotel Leela Ventures |
15.35
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15.90
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-3%
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Korea Exchange (KRW) |
The Shilla |
67,300
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65,400
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3%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.51
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0.55
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-7%
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Ascendas Hospitality Trust
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0.74
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0.75
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-1%
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Ascott Residence Trust |
1.20
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1.23
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-2%
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Banyan Tree Holdings Limited |
0.68
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0.69
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-1%
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CDL Hospitality Trusts
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1.56
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1.56
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-1%
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Far East Hospitality Trust
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0.87
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0.86
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1%
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Hotel Grand Central Ltd |
1.03
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1.04
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-1%
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Hotel Properties Ltd |
2.97
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3.05
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-3%
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Mandarin Oriental International Ltd (US$) |
1.59
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1.61
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-1%
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Pan Pacific Hotels Group Limited |
2.54
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2.54
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-
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Shangri-La Asia Limited (HK$)
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11.60
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12.04
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-4%
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Stamford Land Corporation Ltd |
0.54
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0.55
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-2%
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
330.50
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325.50
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2%
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The Ambassador Hotel, Ltd |
28.80
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28.20
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2%
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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38,000
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39,350
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-3%
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Imperial Hotel, Ltd |
3,315
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3,480
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-5%
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Return to Headlines |
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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. |