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9 August 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Auckland Opens Cruise Terminal
New Asian Airline Launches
Accor Expands in Philippines
MAS Resumes Flights to Dubai
Phuket to Build Temporary Terminal
Absolute Share Price Performance, as at 9 August 2013
Auckland Opens Cruise Terminal Return to Headlines
Auckland has opened its new cruise terminal, Shed 10, following the redevelopment of a former cargo shed. Shed 10 will serve as the city's primary cruise terminal and will welcome its first ship in October, with the arrival of Carnival Cruise's Sea Princess. Shed 10, which has a history of more than 100 years, has been completely revamped and now features a passenger lounge with views of Waitemata Harbour and a separate floor with space for passenger luggage, security and border processing. The development of Shed 10 terminal forms part of Auckland Tourism, Events & Economic Development's overall goal of generating NZ$6 billion (US$4.7 billion) through the tourism industry by 2021.

New Asian Airline Launches Return to Headlines

Asia Atlantic Airlines has made its debut at Bangkok's Suvarnabhumi Airport. The new airline is a joint venture between Japanese travel agent H.I.S and Thai hotelier Baiyoke Group. Asia Atlantic Airlines will operate out of two hubs: Bangkok's Suvarnabhumi Airport and Tokyo's Narita International Airport and will first offer flight routes to Tokyo and Osaka, which are expected to be launched later this month. The airline also has further plans to launch flights from Bangkok to China, South Korea, Guam and Hawaii.

Accor Expands in Philippines Return to Headlines

Accor is strengthening its presence in Philippines with the addition of two new properties in Manila. The Mercure Manila Ortigas and Novotel Manila Araneta will open in 2014 and will join the existing Sofitel Manila Plaza. The 150-key Mercure Manila Ortigas will open in the first half of 2014 and will be located in the central business district of Ortigas and will offer meeting rooms, fitness centre and an all-day dining outlet. The 401-room Novotel Manila Araneta will open in the second half of 2014 and will be located in Cubao, Quezon City. It will feature facilities such as a 1,000 square metre ballroom, swimming pool, fitness centre and F&B outlets.

MAS Resumes Flights to Dubai Return to Headlines

Malaysia Airlines (MAS) has resumed flights to Dubai, following a 18-month suspension of services to the city. MAS had previously cancelled its flights to Dubai in early 2012 as part of a major cost-cutting programme which also saw the airline cancel its flight routes to Rome, Buenos Aires, Johannesburg, Cape Town and Karachi. The airline has since been gradually boosting operations across the Asia Pacific region and has launched new flights this year, including flights to Kathmandu, Kochi and Darwin.

Phuket to Build Temporary Terminal Return to Headlines

Airports of Thailand has endorsed a THB145 million (US$4.6 million) budget to construct a temporary airport terminal at the Phuket International Airport. The new terminal is set to provide a temporary relief with the airport's severe space crunch before the main expansion is completed in 2015. The temporary terminal is set to be completed in December and will be able to handle three million passengers annually. Phuket International Airport was built to handle 6.5 million passengers annually, but traffic volume for 2013 is expected to hit 10.5 million. The ongoing permanent expansion will increase the airport's annual passenger handling to 12.5 million passengers.

Absolute Share Price Performance, as at 9 August 2013
Closing Share Price as at 9 August 2013 2 August 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.15 8.30 -2%
General Property Group 3.72 3.59 4%
Mirvac Group 1.65 1.62 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 33.50 31.50 6%
Dusit Thani Public Co Ltd 64.25 64.00 -
The Erawan Group Public Co Ltd 4.42 3.86 15%
Grande Asset Hotels and Property Public Co Ltd 1.24 1.19 4%
Laguna Resorts & Hotel Public Co Ltd 30.25 30.50 -1%
Minor International Public Co Ltd 24.50 22.10 11%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 12.30 11.92 3%
Beijing Capital Tourism Co Ltd 13.87 14.18 -2%
Jinling Hotel Corporation Ltd 7.62 6.73 13%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 7.63 5.91 29%
Guangzhou Dong Fang Hotel Co Ltd 5.80 5.61 3%
Shenzhen Century Plaza Hotel Co Ltd 3.79 3.65 4%
China Lodging Group, Limited 18.00 17.99 -
Home Inns & Hotels Management Inc 29.05 28.64 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.92 9.95 -
Regal Hotels International Holdings Ltd 3.90 3.96 -2%
Sino Hotels Holdings Ltd 2.63 2.62 -
The Hong Kong & Shanghai Hotels Ltd 12.26 12.06 2%
Shangri-La Asia Limited 11.70 12.34 -5%
Dorsett Hospitality International 1.81 1.87 -3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 42.30 40.35 5%
EIH (Oberoi Hotels & Resorts) 50.55 44.90 13%
Hotel Leela Ventures 16.05 16.30 -2%
Korea Exchange (KRW)
The Shilla 65,800 66,000 -
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.57 0.57 -
Ascendas Hospitality Trust 0.85 0.85 -
Ascott Residence Trust 1.26 1.28 -2%
Banyan Tree Holdings Limited 0.69 0.70 -1%
CDL Hospitality Trusts 1.62 1.63 -1%
Far East Hospitality Trust 0.92 0.93 -1%
Hotel Grand Central Ltd 1.05 1.07 -2%
Hotel Properties Ltd 3.04 3.14 -3%
Mandarin Oriental International Ltd (US$) 1.67 1.68 -1%
Pan Pacific Hotels Group Limited 2.54 2.54 -
Shangri-La Asia Limited (HK$) 11.80 12.40 -5%
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 374 391 -4%
The Ambassador Hotel, Ltd 28.05 28.20 -1%
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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