HVS Website
20 September 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Singapore F1 Grand Prix boosts tourism
Best Western International unveils major Indonesian expansion plan
Minor Hotel Group announces first property in Cambodia
TCC Hotels Group & IHG to open Holiday Inn Express in Bangkok
Garuda Indonesia to increase flights from Singapore to Bali and Surabaya
Scoot to launch Singapore - Hong Kong route
Absolute Share Price Performance, as at 20 September 2013
Singapore F1 Grand Prix boosts tourism Return to Headlines
The Singapore Formula One (F1) Grand Prix is set for a bumper harvest. Flight bookings into Singapore increased 12.6% from 2012, following a 1.9% dip from 2011. In particular, there was a 29% surge in tourist arrivals 3 days before the actual start of the qualifying race, suggesting that tourists are arriving earlier and spending more time in Singapore beyond the F1 weekend. Hotels also reported higher occupancy rates in spite of higher room prices. This increased interest and demand will likely translate into greater earnings, providing a boost to the tourism and hospitality sector.

Best Western International unveils major Indonesian expansion plan Return to Headlines

Best Western International (BWI) unveils plans to increase its Indonesia portfolio from 5 to at least 31 hotels by 2015. This will increase its total room inventory from just over 700 to more than 6,000. Of the 26 hotels in the pipeline, 5 new properties will be in Jakarta. The expansion also includes debut hotels in many key emerging cities across the country, including Samarinda, Bogor, Pontianak and Malang.

Minor Hotel Group announces first property in Cambodia Return to Headlines

Minor Hotel Group (MHG) strengthened its brand-position in Asia after acquiring majority ownership of the Sothea Boutique Resort in Siem Reap, marking its first foray into the country. The 39-suite boutique resort, which will be rebranded Anantara Angkor Resort & Spa, is 10 minutes from the Siem Reap International Airport and is close to Angkor Wat. This brings MHG's total number of properties in operation to 95 across 14 countries.

TCC Hotels Group & IHG to open Holiday Inn Express in Bangkok Return to Headlines

Thai-conglomerate TCC Hotels Group and InterContinental Hotels Group (IHG) have signed an agreement for the Holiday Inn Express Bangkok Sathorn. The newly-built 184-room hotel will be located in Bangkok's up-and-coming district of Sathorn, in the centre of the central business district and diplomatic area. This will be the first Holiday Inn Express owned by TCC Hotels Group, which also owns 5 IHG properties across the region.

Garuda Indonesia to increase flights from Singapore to Bali and Surabaya Return to Headlines

With effect from 27 October 2013, Garuda Indonesia will increase the frequency of flights on its Singapore - Bali route to a double daily, and will also begin operating daily flights between Singapore and Surabaya. With the added frequency, Garuda Indonesia will be operating over 90 weekly flights from Singapore to 4 Indonesian destinations, namely Bali, Jakarta, Balikpapan and Surabaya.

Scoot to launch Singapore - Hong Kong route Return to Headlines

Singapore-based low-cost carrier Scoot will start offering the Singapore - Hong Kong route from 15 November 2013. The new route starts with 5 weekly flights and increases to daily flights from December 2013. Scoot will compete with 5 other carriers, which currently offer more than a combined 20 return services a day. The carrier aims to cater to the increasing demand for budget-conscious leisure travel and expects an 80% seat occupancy rate on this new route.

Absolute Share Price Performance, as at 20 September 2013
Closing Share Price as at 20 September 2013 13 September 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.21 8.35 -2%
General Property Group 3.56 3.56 -
Mirvac Group 1.77 1.69 4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 38.75 36.50 6%
Dusit Thani Public Co Ltd 55.00 55.75 -1%
The Erawan Group Public Co Ltd 4.72 4.44 6%
Grande Asset Hotels and Property Public Co Ltd 1.29 1.22 6%
Laguna Resorts & Hotel Public Co Ltd 31.50 28.25 12%
Minor International Public Co Ltd 24.90 24.00 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.60 14.98 -3%
Beijing Capital Tourism Co Ltd 14.84 15.05 -1%
Jinling Hotel Corporation Ltd 8.28 7.65 8%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.69 8.63 12%
Guangzhou Dong Fang Hotel Co Ltd 6.09 6.06 -
Shenzhen Century Plaza Hotel Co Ltd 3.92 4.00 -2%
China Lodging Group, Limited 18.73 19.42 -4%
Home Inns & Hotels Management Inc 33.19 34.24 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.46 10.02 4%
Regal Hotels International Holdings Ltd - 4.08 -
Sino Hotels Holdings Ltd 2.70 2.68 1%
The Hong Kong & Shanghai Hotels Ltd 12.06 11.94 1%
Shangri-La Asia Limited 12.64 12.48 1%
Dorsett Hospitality International 1.77 1.66 7%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 46.40 48.15 -4%
EIH (Oberoi Hotels & Resorts) 56.60 58.05 -2%
Hotel Leela Ventures 14.60 15.45 -6%
Korea Exchange (KRW)
The Shilla 63,000 65,500 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.56 -
Ascendas Hospitality Trust 0.84 0.79 6%
Ascott Residence Trust 1.27 1.20 6%
Banyan Tree Holdings Limited 0.68 0.69 -2%
CDL Hospitality Trusts 1.63 1.57 4%
Far East Hospitality Trust 0.95 0.88 8%
Hotel Grand Central Ltd 1.08 1.05 2%
Hotel Properties Ltd 3.04 3.06 -1%
Mandarin Oriental International Ltd (US$) 1.64 1.63 1%
Pan Pacific Hotels Group Limited 2.54 2.54 -
Shangri-La Asia Limited (HK$) 12.30 12.30 -
Stamford Land Corporation Ltd 0.58 0.56 3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 339.00 351.50 -4%
The Ambassador Hotel, Ltd 28.80 28.45 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 43,000 42,500 1%
Imperial Hotel, Ltd 4,870 5,450 -11%
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
HVS Bangkok
Chris Pucher
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.

HVS 2013 Terms of Use | Contact Us