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Featured in this Asia Pacific Hospitality Newsletter |
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Tokyo has been nominated as the host city for the Summer Olympic Games in 2020. The total economic benefits from hosting the Games are estimated to be worth around US$30 billion. In particular, the hotel market is expected to be boosted by the projected influx of over 8 million visitors during the event.
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Carlson Rezidor Hotel Group is expanding its Asia-Pacific portfolio with 7 new hotel signings in 2Q2013, including a management agreement that represents the group's first venture into the Indonesian market. Meanwhile, the group continues to grow its presence in China with 2 proposed openings in Shanghai in 3Q2013. In addition, the group will also reinforce its leadership position in India by adding 4 new properties by 3Q2016.
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Minor Hotel Group has rebranded the Life Wellness Resort Quy Nhon as the third resort under its Avani brand, and the first outside of Sri Lanka. The group has recently announced plans to build its footprint within Asia, Africa and the Middle East. Additional properties are expected to join its portfolio in Thailand, Malaysia and Sri Lanka.
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Marco Polo Hotels Group is opening the 316-room Marco Polo Ortigas in Manila in 1Q2014. The property is located at the city's commercial business hub and will be positioned as a five-star business hotel. Marco Polo Ortigas is the third addition to the group's portfolio in the Philippines, which includes 2 other hotels in Cebu and Davao.
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Low-cost carrier Tigerair continues its expansion by adding 4 new destination routes to its network. Starting next month, Tigerair will operate 3 flights every fortnight to Lijiang in China (from 29 October), 4 flights weekly to Chiang Mai in Thailand (from 2 November) and Langkawi in Malaysia (from 8 November), and 3 flights weekly to Lombok in Indonesia (from 22 November).
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In response to the high demand of flights to Phuket via Sydney or Singapore, Jetstar will operate 2 direct flights weekly from Melbourne to Phuket from 14 December 2013, with the frequency increasing to 3 flights weekly from March 2014.
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Princess Cruises, a cruise line brand under Carnival Corporation, will be sailing to Indonesia and the Southeast Asian region for a new season of cruise trips. The Sapphire Princess, which has a capacity of approximately 2,670 passengers, is due to be deployed to the region for a four-month season from November 2014 to February 2015. The vessel will call at 7 countries and 16 ports in Singapore, Indonesia, Vietnam, Malaysia, Thailand, Cambodia and Brunei. Approximately 40,000 passengers are expected to travel with the cruise line during its first season.
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Absolute Share Price Performance, as at 13 September 2013
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Closing Share Price as at |
13 September 2013
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6 September 2013
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
8.35
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8.25
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1%
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General Property Group |
3.56
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3.62
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-2%
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Mirvac Group |
1.69
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1.65
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2%
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
36.50
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30.75
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19%
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Dusit Thani Public Co Ltd |
55.75
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55.50
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-
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The Erawan Group Public Co Ltd |
4.44
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3.90
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14%
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Grande Asset Hotels and Property Public Co Ltd |
1.22
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1.04
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17%
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Laguna Resorts & Hotel Public Co Ltd |
28.25
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27.00
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5%
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Minor International Public Co Ltd |
24.00
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22.00
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9%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
14.98
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14.25
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5%
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Beijing Capital Tourism Co Ltd |
15.05
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15.49
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-3%
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Jinling Hotel Corporation Ltd |
7.65
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6.90
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11%
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
8.63
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8.83
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-2%
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Guangzhou Dong Fang Hotel Co Ltd |
6.06
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5.89
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3%
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Shenzhen Century Plaza Hotel Co Ltd |
4.00
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3.86
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4%
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NASDAQ (US$) |
China Lodging Group, Limited
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19.42
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19.49
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-
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Home Inns & Hotels Management Inc |
34.24
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34.44
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-1%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
10.02
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9.96
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1%
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Regal Hotels International Holdings Ltd |
4.08
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4.03
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1%
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Sino Hotels Holdings Ltd |
2.68
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2.65
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1%
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The Hong Kong & Shanghai Hotels Ltd |
11.94
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11.96
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-
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Shangri-La Asia Limited |
12.48
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12.18
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2%
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Dorsett Hospitality International
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1.66
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1.79
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-7%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
48.15
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46.10
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4%
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EIH (Oberoi Hotels & Resorts) |
58.05
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52.90
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10%
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Hotel Leela Ventures |
15.45
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15.35
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1%
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Korea Exchange (KRW) |
The Shilla |
65,500
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66,000
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-1%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.56
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0.52
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8%
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Ascendas Hospitality Trust
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0.79
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0.76
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4%
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Ascott Residence Trust |
1.20
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1.20
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-
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Banyan Tree Holdings Limited |
0.69
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0.68
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1%
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CDL Hospitality Trusts
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1.57
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1.53
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3%
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Far East Hospitality Trust
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0.88
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0.87
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1%
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Hotel Grand Central Ltd |
1.05
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1.04
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1%
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Hotel Properties Ltd |
3.06
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3.07
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-
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Mandarin Oriental International Ltd (US$) |
1.63
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1.62
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1%
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Pan Pacific Hotels Group Limited |
2.54
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2.54
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-
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Shangri-La Asia Limited (HK$)
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12.30
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12.10
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2%
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Stamford Land Corporation Ltd |
0.56
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0.55
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2%
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
351.50
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338.50
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4%
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The Ambassador Hotel, Ltd |
28.45
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28.45
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-
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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42,500
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39,450
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8%
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Imperial Hotel, Ltd |
5,450
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3,655
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49%
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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. |