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19 July 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Shun Tak Unveils New Hotel Company
Holiday Inn Express Debuts in Singapore
Malaysia Airlines Continues Asia Pacific Expansion
YOTEL to Expand in Asia
Tunes Hotels Expands in Philippines
Absolute Share Price Performance, as at 19 July 2013
Shun Tak Unveils New Hotel Company Return to Headlines
Shun Tak Holdings has announced the launch of its first branded hotel management company - Artyzen Hospitality Group. Under this new entity, Shun Tak will both own and operate luxury hotels across key Asian gateway cities under a series of yet-to-be-announced hotel brands. Shun Tak has been involved in the hotel sector, as a stakeholder in a number of properties such as the Mandarin Oriental Macau, Westin Resort Macau and Hong Kong SkyCity Marriott Hotel. The formation of Artyzen comes after the announcement of Shun Tak's investment in Jetstar Hong Kong earlier this year.

Holiday Inn Express Debuts in Singapore Return to Headlines

Holiday Inn Express has opened its first property in Singapore with the 221-room Holiday Inn Express Singapore Orchard Road. Located on the main shopping street Orchard Road, the property features complimentary Wi-Fi, vending machines and a meeting room for up to 12 people. This is IHG's third Holiday Inn Express property in Southeast Asia, after debuting in Bangkok and Phuket. The brand will open its second property in Singapore with the Holiday Inn Express Singapore Clarke Quay scheduled for the first quarter of 2014. Holiday Inn Express currently has a pipeline of 17 properties in Southeast Asia, covering Indonesia, Thailand, Malaysia and Singapore.

Malaysia Airlines Continues Asia Pacific Expansion Return to Headlines

Malaysia Airlines (MAS) will continue on its expansion in Asia Pacific with the launch of additional flight routes to two destinations: Auckland and Yangon. MAS will also expand in China, following the start of a new codeshare agreement with Xiamen Airlines for flights to Fuzhou and Xiamen. MAS has started an initiative to enhance air connectivity with key international markets via codesharing agreements to expand their network and increase tourist arrivals in Malaysia. Since cutting several flight routes in early 2012 due to a cost-cutting strategy, MAS has been gradually boosting operations across the Asia Pacific region including launching new flights to Kathmandu and Kochi and resuming flights to Dubai and Darwin.

YOTEL to Expand in Asia Return to Headlines

High-tech budget hotel concept, YOTEL, has announced plans to debut in Asia. YOTEL will launch in Singapore, with a 600-cabin hotel in Orchard Road, due to open in 2018. YOTEL cabins are aimed at providing a flexible and convenient 'first class' hotel experience at affordable prices and are inspired by first class airline cabins. A management agreement has been signed listing Yat Yuen Hong Company Limited, a wholly owned subsidiary of Hong Fok Corporation Limited, as the operator of the first YOTEL in Asia. YOTEL currently has properties in three European airports - London Heathrow, London Gatwick and Amsterdam Airport Schiphol, and recently opened a 669-cabin hotel in Time Square, New York.

Tunes Hotels Expands in Philippines Return to Headlines

Tune Hotels has continued with its expansion in the Philippines with the launch of its first property in the Cagayan De Oro, located on the southern island of Mindanao. Tune Hotels entered the Philippines in early 2012 and currently has four properties in Manila and Cebu. The Tune Hotel Cagayan De Oro features 159 rooms, a restaurant and a function room that can accommodate up to 30 people. Tune Hotels in Philippines is owned and operated by Red Planet Hotels and new hotels are expected to launch in Quezon City, Oritgas and Davao in the next two years. Tune Hotels currently has a portfolio of 31 hotels in seven countries - Malaysia, Indonesia, Thailand, India, Australia, the Philippines and the UK.

Absolute Share Price Performance, as at 19 July 2013
Closing Share Price as at 19 July 2013 12 July 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.29 8.75 -5%
General Property Group 3.78 3.83 -1%
Mirvac Group 1.64 1.63 1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 32.75 31.25 5%
Dusit Thani Public Co Ltd 59.50 59.50 -
The Erawan Group Public Co Ltd 4.08 3.64 12%
Grande Asset Hotels and Property Public Co Ltd 1.27 1.23 3%
Laguna Resorts & Hotel Public Co Ltd 32.25 31.00 4%
Minor International Public Co Ltd 24.40 22.80 7%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 11.61 12.05 -4%
Beijing Capital Tourism Co Ltd 12.90 14.02 -8%
Jinling Hotel Corporation Ltd 6.49 6.73 -4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.42 4.79 13%
Guangzhou Dong Fang Hotel Co Ltd 5.40 5.22 3%
Shenzhen Century Plaza Hotel Co Ltd 3.68 3.73 -1%
China Lodging Group, Limited 16.35 16.19 1%
Home Inns & Hotels Management Inc 25.78 26.54 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.98 10.00 -
Regal Hotels International Holdings Ltd 4.08 3.97 3%
Sino Hotels Holdings Ltd 2.58 2.58 -
The Hong Kong & Shanghai Hotels Ltd 12.40 11.90 4%
Shangri-La Asia Limited 12.80 13.48 -5%
Dorsett Hospitality International 1.84 1.79 3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 49.05 51.20 -4%
EIH (Oberoi Hotels & Resorts) 52.65 52.95 -1%
Hotel Leela Ventures 17.00 17.10 -1%
Korea Exchange (KRW)
The Shilla 67,800 60,300 12%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.57 0.59 -3%
Ascendas Hospitality Trust 0.86 0.85 1%
Ascott Residence Trust 1.33 1.34 -1%
Banyan Tree Holdings Limited 0.69 0.74 -7%
CDL Hospitality Trusts 1.66 1.72 -3%
Far East Hospitality Trust 0.93 0.95 -2%
Hotel Grand Central Ltd 1.07 1.06 1%
Hotel Properties Ltd 3.16 3.21 -2%
Mandarin Oriental International Ltd (US$) 1.62 1.67 -3%
Pan Pacific Hotels Group Limited 2.54 2.53 -
Shangri-La Asia Limited (HK$) 13.00 13.30 -2%
Stamford Land Corporation Ltd 0.60 0.60 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 379 379 -
The Ambassador Hotel, Ltd 29.20 29.50 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 37,850 38,150 -1%
Imperial Hotel, Ltd 3,400 3,460 -2%
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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