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Featured in this Asia Pacific Hospitality Newsletter |
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A chance to own a resort in the top-rated beach destination in the world, The Maldives. Dazzling guests with its immaculate boundless waterfront, the property is one of its kinds. For further information, please contact Michelle Hui or Andree Susilo at Tel: +65 62934415 or via email: [email protected] or [email protected].
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Regionally, the carriers of Asia Pacific reported a 6.3% y-o-y rise in traffic. However, the support for growth at this rate is weakening, says IATA. China's economy reached a plateau, affecting its second quarter figures as it continued to decelerate. This had consequences for trade partners throughout the continent and is expected to affect flight traffic. There are also serious worries for India, amidst the current crisis it is undergoing. IATA has scaled back performance for the year to 4.1% - meaning a significantly more sobering second half of the year.
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Singapore's Changi Airport has announced plans to build a fifth terminal by mid 2020, capable of handling up to 50 million passengers a year. The mega terminal, which would be bigger than both terminal two and three combined, would be built at Changi East, would dramatically increase the airport's capacity which currently sits at around 66 million passengers a year.
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Hilton has opened its ninth property in Thailand with the launch of the Hilton Sukhumvit Bangkok. The 280-room hotel has two restaurants, MICE facilities, a rooftop infinity pool and a 24-hour gym. The opening of Hilton Sukhumvit Bangkok reinforces the continued expansion of Hilton Worldwide and further development success of the Hilton Hotels & Resorts brand in Thailand.
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Jetstar Asia has continued the growth of its fleet by adding 18 weekly services/17,200 seats, on flights from Singapore to airports in Indonesia, Cambodia and China. The new services are being possible with the addition of two sharklet-equipped A320s from 27 October. The new aircraft will deliver lower costs and an improved onboard experience for the customers headed to popular destinations in Southeast Asia and beyond.
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Steiner Spa Consulting develops tool to analyse viability of spas before it has been built. The Steiner Spa Index, is a predictive and free tool that analyses the main factors of hotels that affect spa take-up and compares this to 'industry metrics' through its algorithm. The consultants developed the template using over 200 spa projects. Through the combination and weighting of all these factors, Steiner Spa Index score will ultimately determine whether to go forward with a project.
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Fast growing budget hotel operator Tune Hotels has opened its latest property in Solo, a region of Central Java. The 159-room hotel is the brand's fifth property in Indonesia after openings in Legian, Bali, Pasar Baru and Pekanbaru. Tune Hotel Solo represents the first hotel in Central Java, a city steeped in history with a fast growing tourism industry as well as a booming middle class offering a huge potential for rapid growth. With four hotels currently operating in Indonesia, further expansion of six more Tune Hotels are scheduled to open over the next 18 months across Indonesia.
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Absolute Share Price Performance, as at 06 September 2013
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Closing Share Price as at |
06 September 2013
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30 August 2013
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
8.25
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8.02
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3%
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General Property Group |
3.57
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3.55
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1%
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Mirvac Group |
1.65
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1.64
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1%
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
30.75
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27.50
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12%
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Dusit Thani Public Co Ltd |
55.50
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56.75
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-2%
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The Erawan Group Public Co Ltd |
3.90
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3.56
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10%
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Grande Asset Hotels and Property Public Co Ltd |
1.04
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1.02
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2%
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Laguna Resorts & Hotel Public Co Ltd |
27.00
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28.25
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-4%
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Minor International Public Co Ltd |
22.00
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21.40
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3%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
14.25
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14.99
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-5%
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Beijing Capital Tourism Co Ltd |
15.38
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14.71
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5%
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Jinling Hotel Corporation Ltd |
6.80
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7.11
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-4%
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
8.83
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8.68
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2%
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Guangzhou Dong Fang Hotel Co Ltd |
5.89
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5.87
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-
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Shenzhen Century Plaza Hotel Co Ltd |
3.86
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3.95
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-2%
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NASDAQ (US$) |
China Lodging Group, Limited
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19.49
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19.15
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2%
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Home Inns & Hotels Management Inc |
34.44
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33.67
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2%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.96
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9.93
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-
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Regal Hotels International Holdings Ltd |
4.03
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3.98
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1%
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Sino Hotels Holdings Ltd |
2.65
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2.66
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-
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The Hong Kong & Shanghai Hotels Ltd |
11.96
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11.18
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7%
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Shangri-La Asia Limited |
12.18
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11.94
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2%
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Dorsett Hospitality International
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1.79
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1.77
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1%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
46.10
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45.00
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2%
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EIH (Oberoi Hotels & Resorts) |
52.90
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50.25
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5%
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Hotel Leela Ventures |
15.35
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15.35
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-
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Korea Exchange (KRW) |
The Shilla |
66,000
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67,300
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-2%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.52
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0.51
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2%
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Ascendas Hospitality Trust
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0.76
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0.74
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3%
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Ascott Residence Trust |
1.20
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1.20
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-
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Banyan Tree Holdings Limited |
0.68
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0.68
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-
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CDL Hospitality Trusts
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1.53
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1.56
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-2%
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Far East Hospitality Trust
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0.87
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0.87
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-
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Hotel Grand Central Ltd |
1.04
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1.03
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1%
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Hotel Properties Ltd |
3.07
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2.97
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3%
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Mandarin Oriental International Ltd (US$) |
1.62
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1.59
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2%
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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$)
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12.10
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11.60
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4%
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Stamford Land Corporation Ltd |
0.55
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0.54
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2%
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
338.50
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330.50
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2%
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The Ambassador Hotel, Ltd |
28.45
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28.80
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-1%
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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39,450
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38,000
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4%
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Imperial Hotel, Ltd |
3,655
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3,315
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10%
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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. |