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8 August 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
BHMAsia Expands Internationally
P&O Cruises Returns to Singapore
Marriott Courtyard to Open in Bali
MAI Expands Routes in Japan and South Korea
Bluewater Resorts Focus Expansion in Cebu
AirAsia Commence Flights from Johor Bahru to Bandung
Absolute Share Price Performance, as at 8 August 2014
BHMAsia Expands Internationally Return to Headlines
Based in Thailand, Bespoke Hospitality Management Asia grows portfolio aggressively locally and internationally with 30 more X2 properties by 2016. Currently the group has launched resort X2 River Kwai in Kanchanaburi, Thailand, and will open X2 Oasis Phuket Villa and X2 Mae Ping Villa in Chiang Mai in Q3 and Q4 of 2014 respectively. X2 Hat Yai Hotel is expected to open in 2016/2017. The X2 brand has a strong mixed-use “Hotel-Residence” model that provides exceptional returns for a property investor and the group hopes to use this to source for the right developer and investor for the project according to founder, Anthony McDonald.

P&O Cruises Returns to Singapore Return to Headlines

P&O Cruises – an Australian cruise operator – announced its return to Singapore since 2006. The company offers four roundtrip voyages as part of its 2015/2016 programme. The Singapore season will take travellers to destinations in Indonesia, Thailand and Cambodia and see the cruise line’s maiden calls to Krabi, Sabang (Palau Weh), Koh Chang and Sihanoukville. Anne Sherry, CEO of P&O Cruises announced that Australia is the world’s fastest growing cruise markets at nearly 834,000 Australian travellers in total last year.

Marriott Courtyard to Open in Bali Return to Headlines

Courtyard by Marriott Bali Seminyak, the second property in Bali under the brand was launched on the 6th August 2014. The 290-room hotel offers easy access to Seminyak beach and the Oberoi dining scene. Robert Stark, market vice president for Indonesia, Malaysia, Singapore and Australia, Marriott International, announced to be delighted in opening the second Courtyard-branded property in Bali, in one of the most popular areas for business and leisure travellers – Seminyak. He also addressed that the growth in Indonesia is of great importance to Marriott International, and we look forward to expanding the presence of the Courtyard brand.

MAI Expands Routes in Japan and South Korea Return to Headlines

Myanmar Airways International (MAI) will release its thrice-weekly direct flights to Osaka and Seoul this October. The reason for this is due to the increase of Japanese travellers to Myanmar which was observed. Passengers flying via MAI’s Japan and South Korea routes will also get visa on arrival at Yangon International Airport. This has so far been only applied to Cambodia and Guangzhou’s routes by the airline. Meanwhile, plans are afoot for tie-ups with other airlines and to refresh MAI’s fleet.

Bluewater Resorts Focus Expansion in Cebu Return to Headlines

Instead of Bohol and Palawan, Bluewater Resorts ventures for further expansions and development opportunities in Siguijor. Bluewater is planning to offer guests multi-resort stays amongst their properties in Cebu, Bohol, Dumaguete and Siquijor, if a common billing system could be worked out. In Bohol, Bluewater has altered its ambitious plans to expand its 54-room property on Panglao Island to 200 rooms and add meeting rooms and a convention hall. This is due to the occupancy rate performance of 40-45% caused by the earthquake which occurred in last October.

AirAsia Commence Flights from Johor Bahru to Bandung Return to Headlines

From 16th October 2014, AirAsia will fly directly three-times weekly from Johor Bahru to Bandung. Promotional seats have been directly offered on the airline’s main website. The three times weekly direct flights will operate every Tuesday, Thursday and Saturday, marking AirAsia's fourth Indonesian destination connected with direct flights from the airline’s southern hub, Johor Baru, apart from Yogyakarta, Surabaya and Lombok. Apart from AirAsia, only Citilink Indonesia currently flies to Johor Bahru, also out of Surabaya. In the past, Johor Bahru used also to be connected to Jakarta and Medan.

Absolute Share Price Performance, as at 8 August 2014
Closing Share Price as at 8 August 2014 1 August 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.46 9.45 -
General Property Group 4.00 4.00 -
Mirvac Group 1.75 1.79 -2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 37.00 36.00 3%
Dusit Thani Public Co Ltd 58.50 58.00 1%
The Erawan Group Public Co Ltd 4.54 4.54 -
Grande Asset Hotels and Property Public Co Ltd 1.70 1.68 1%
Laguna Resorts & Hotel Public Co Ltd 33.75 32.50 4%
Minor International Public Co Ltd 32.00 31.75 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.60 17.32 2%
BTG Hotels Group Co Ltd 14.53 14.14 3%
Jinling Hotel Corporation Ltd 9.63 9.22 4%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 5.24 5.11 3%
Guangzhou Dong Fang Hotel Co Ltd 7.71 7.63 1%
Shenzhen Century Plaza Hotel Co Ltd 4.99 4.89 2%
Huazhu Hotels Group Ltd 24.56 24.65 -
Home Inns & Hotels Management Inc 34.37 35.73 -4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.78 9.71 1%
Regal Hotels International Holdings Ltd 4.43 4.59 -3%
Sino Hotels Holdings Ltd 2.51 2.55 -2%
The Hong Kong & Shanghai Hotels Ltd 11.00 10.94 1%
Shangri-La Asia Limited 11.92 12.16 -2%
Dorsett Hospitality International 1.45 1.38 5%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 86.05 104.00 -17%
EIH (Oberoi Hotels & Resorts) 95.00 87.50 9%
Hotel Leela Ventures 23.85 25.00 -5%
Korea Exchange (KRW)
The Shilla 116,000 105,000 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.57 0.59 -3%
Ascendas Hospitality Trust 0.74 0.76 -3%
Ascott Residence Trust 1.20 1.24 -3%
Banyan Tree Holdings Limited 0.62 0.66 -6%
CDL Hospitality Trusts 1.64 1.69 -3%
Far Far East Hospitality Trust 0.83 0.87 -5%
Hotel Grand Central Ltd 1.35 1.38 -2%
Hotel Properties Ltd 4.10 4.30 -5%
Mandarin Oriental International Ltd (US$) 1.73 1.76 -2%
OUE Hospitality Trust 0.88 0.90 -2%
Shangri-La Asia Limited (HK$) 12.02 12.00 -
Stamford Land Corporation Ltd 0.57 0.60 -5%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 323.64 329.55 -2%
The Ambassador Hotel, Ltd 28.15 28.64 -2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 56,000 56,300 -1%
Imperial Hotel, Ltd 2,258 2,312 -2%
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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