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1 August 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Low Medical Costs Attracts Medical Tourists to Asia
Rising Number of Arrivals into Myanmar
VietJet Flies to Seoul
50 New Airports by 2017 for India
Best Western Opens Third Property in Phuket
Accor Plans for Manila
Absolute Share Price Performance, as at 1 August 2014
Low Medical Costs Attracts Medical Tourists to Asia Return to Headlines
According to the PHD Chamber's Medical and Wellness Tourism Report for 2013, Asia has been appointed to be the top region for medical tourism with Singapore, Thailand, Malaysia, India and South Korea placing first five on the global list. The report predicts medical tourism in Asia will grow at 18 per cent annually through to 2017. Medical care and services have proven to be more efficient (in terms of waiting time) and affordable for people living in other continents. Higher medical travel has not only been beneficial to the tourism industry but has helped local hospitals improve its medical facilities to cater to larger markets.

Rising Number of Arrivals into Myanmar Return to Headlines

According to the Ministry of Hotel and Tourism, tourism arrivals into Myanmar have increased in the first half of the year. From January to June, 470,747 visitors entered the country, up 23.1 per cent year-on-year. About 71.9 per cent, or 338,331, were from Asia, including 80,311 from Thailand, the largest single group; 35,803 from China; and 35,650 from Japan. Though the outlook for arrivals to continually increase remains positive, Myanmar will struggle till 2016 to meet this influx due to lack of hotel supply. The top destinations in the country remained Yangon, Mandalay, Bagan, Inle Lake and Ngapali Beach.

VietJet Flies to Seoul Return to Headlines

On the 29th July 2014, VietJet Air has launched its first daily direct flights to the South Korean capital of Seoul (Incheon) from Hanoi and Danang. The carrier launches more joint ventures with regional airline partners. It will grow ticketing channels throughout all existing sales touchpoints to meet the increasing travel demands between South Korea and Vietnam. VietJet’s managing director said that the airline is on an ambitious phase of growth to add charter destinations and more longhaul routes to its flight services.

50 New Airports by 2017 for India Return to Headlines

The Ministry of Civil Aviation (MoCA) will invest Rs 15 billion (US$249.5 million) to build 50 new airports in non-metropolitan cities. The plan will see budget airports come up in Tier Two and Three cities such as Navi Mumbai, Juhu, Goa, Kannur, Pune, Sriperumbudur, and Bellary by 2017. The said airports are part of India's grand plan to have 200 new airports within the next decade allowing existing airports to go international. India’s current airport capacity totals 121 million domestic travellers and 41 million international. In future by 2020, India will be geared to handle 336 million domestic and 85 million international passengers.

Best Western Opens Third Property in Phuket Return to Headlines

Best Western International has announced that Best Western Patong Beach will open in October 2014. Located less than one kilometre away from Patong Beach, the 224-room property is the 13th hotel in Thailand and the third in Phuket of the company’s portfolio, joining Best Western Premier Bantao Beach Resort & Spa and Best Western Phuket Ocean Resort Phuket. The hotel not only provides a variety of in-house facilities but is also surrounded by many bars, restaurants and entertainment venues.

Accor Plans for Manila Return to Headlines

Accor sets to introduce two of its brands, Ibis and Novotel Suites into Manila. The economy Ibis is part of the company’s master plan to redevelop the commercial and entertainment hub in Quezon City. The Ibis property is likely to break ground next year. In 2018, Accor will also manage its first Novotel Suites in Asia, a 150-room property at the Acqua Residences in Mandaluyong City. It will fill a gap in the market for a modern, functional longer-stay accommodation conveniently located in Metro Manila. The company will also open Novotel Manila Araneta and Mercure Ortigas next year and turn the Admiral Hotel into an MGallery Collection in 2016.

Absolute Share Price Performance, as at 1 August 2014
Closing Share Price as at 1 August 2014 25 July 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.45 9.50 -1%
General Property Group 4.00 4.04 -1%
Mirvac Group 1.79 1.79 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 36.00 40.75 -12%
Dusit Thani Public Co Ltd 58.00 60.00 -3%
The Erawan Group Public Co Ltd 4.54 4.86 -7%
Grande Asset Hotels and Property Public Co Ltd 1.68 1.76 -5%
Laguna Resorts & Hotel Public Co Ltd 32.50 34.25 -5%
Minor International Public Co Ltd 31.75 34.50 -8%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.32 17.41 -1%
BTG Hotels Group Co Ltd 14.14 14.16 -
Jinling Hotel Corporation Ltd 9.22 8.80 5%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 5.11 5.08 1%
Guangzhou Dong Fang Hotel Co Ltd 7.63 7.54 1%
Shenzhen Century Plaza Hotel Co Ltd 4.89 4.92 -1%
Huazhu Hotels Group Ltd 24.65 25.92 -3%
Home Inns & Hotels Management Inc 35.73 36.48 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.71 9.73 -
Regal Hotels International Holdings Ltd 4.59 4.83 -5%
Sino Hotels Holdings Ltd 2.55 2.51 2%
The Hong Kong & Shanghai Hotels Ltd 10.94 11.04 -1%
Shangri-La Asia Limited 12.16 12.02 1%
Dorsett Hospitality International 1.38 1.41 -2%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 104.00 95.50 9%
EIH (Oberoi Hotels & Resorts) 87.50 101.00 -13%
Hotel Leela Ventures 25.00 24.90 -
Korea Exchange (KRW)
The Shilla 115,000 108,500 6%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.59 0.60 -2%
Ascendas Hospitality Trust 0.76 0.77 -1%
Ascott Residence Trust 1.24 1.27 -2%
Banyan Tree Holdings Limited 0.66 0.68 -3%
CDL Hospitality Trusts 1.69 1.77 -5%
Far Far East Hospitality Trust 0.87 0.88 -1%
Hotel Grand Central Ltd 1.38 1.40 -1%
Hotel Properties Ltd 4.30 4.31 -
Mandarin Oriental International Ltd (US$) 1.76 1.87 -6%
OUE Hospitality Trust 0.90 0.90 -
Shangri-La Asia Limited (HK$) 12.00 11.78 2%
Stamford Land Corporation Ltd 0.60 0.66 -9%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 362.50 327.27 11%
The Ambassador Hotel, Ltd 29.50 28.55 3%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 56,300 55,800 1%
Imperial Hotel, Ltd 2,312 2,318 -
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Achin Khanna
HVS Shanghai
Henry Fang
HVS Singapore
Kaushik Vardharajan
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.

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