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30 August 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Accor Australia gears up for Indian influx
Parkroyal unveils new Singapore MICE hub
Changi passengers up 4%
Surge in Hotel openings in Bali, Indonesia
Sri Lanka welcomes Commonwealth tourism boost
Malaysia's KIP Group moves into hotels
Absolute Share Price Performance, as at 30 August 2013
Accor Australia gears up for Indian influx Return to Headlines
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.

Parkroyal unveils new Singapore MICE hub Return to Headlines

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.

Changi passengers up 4% Return to Headlines

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.

Surge in Hotel openings in Bali, Indonesia Return to Headlines

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.

Sri Lanka welcomes Commonwealth tourism boost Return to Headlines

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.

Malaysia's KIP Group moves into hotels Return to Headlines

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.

Absolute Share Price Performance, as at 30 August 2013
Closing Share Price as at 30 August 2013 23 August 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.02 8.32 -4%
General Property Group 3.55 3.59 -1%
Mirvac Group 1.64 1.66 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 27.50 31.25 -12%
Dusit Thani Public Co Ltd 56.75 56.75 -
The Erawan Group Public Co Ltd 3.56 3.88 -8%
Grande Asset Hotels and Property Public Co Ltd 1.02 1.07 -5%
Laguna Resorts & Hotel Public Co Ltd 28.25 27.75 2%
Minor International Public Co Ltd 21.40 22.50 -5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.99 12.67 18%
Beijing Capital Tourism Co Ltd 14.71 14.81 -1%
Jinling Hotel Corporation Ltd 7.11 7.03 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 8.68 8.96 -3%
Guangzhou Dong Fang Hotel Co Ltd 5.87 5.55 6%
Shenzhen Century Plaza Hotel Co Ltd 3.95 3.73 6%
China Lodging Group, Limited 19.15 19.58 -2%
Home Inns & Hotels Management Inc 33.67 34.84 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.93 9.90 -
Regal Hotels International Holdings Ltd 3.98 3.82 4%
Sino Hotels Holdings Ltd 2.66 2.66 -
The Hong Kong & Shanghai Hotels Ltd 11.18 11.50 -3%
Shangri-La Asia Limited 11.94 11.94 -
Dorsett Hospitality International 1.77 1.79 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 45.00 41.80 8%
EIH (Oberoi Hotels & Resorts) 50.25 48.85 3%
Hotel Leela Ventures 15.35 15.90 -3%
Korea Exchange (KRW)
The Shilla 67,300 65,400 3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.51 0.55 -7%
Ascendas Hospitality Trust 0.74 0.75 -1%
Ascott Residence Trust 1.20 1.23 -2%
Banyan Tree Holdings Limited 0.68 0.69 -1%
CDL Hospitality Trusts 1.56 1.56 -1%
Far East Hospitality Trust 0.87 0.86 1%
Hotel Grand Central Ltd 1.03 1.04 -1%
Hotel Properties Ltd 2.97 3.05 -3%
Mandarin Oriental International Ltd (US$) 1.59 1.61 -1%
Pan Pacific Hotels Group Limited 2.54 2.54 -
Shangri-La Asia Limited (HK$) 11.60 12.04 -4%
Stamford Land Corporation Ltd 0.54 0.55 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 330.50 325.50 2%
The Ambassador Hotel, Ltd 28.80 28.20 2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 38,000 39,350 -3%
Imperial Hotel, Ltd 3,315 3,480 -5%
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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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