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11 July 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Korean Air Increases Flights to Malaysia, Vietnam and Thailand
Vintage Luxury Yatch Hotel Soon to Set Off in Yangon
Chinese Travel to Recover in Malaysia
Flights Resume from Okinawa
New Convention Exhibition Centre Boosts MICE Infrastructure in Indonesia
Ovolo Hotel Expands With Three Hotel Acquisitions in Australia
Absolute Share Price Performance, as at 11 July 2014
Korean Air Increases Flights to Malaysia, Vietnam and Thailand Return to Headlines
Between July 23 and August 24, flights between Seoul (Incheon) and Chiang Mai will run daily instead of four-times-weekly, while services to Nha Trang in Vietnam will be increased from twice-weekly to four-times-weekly from July 19 to September 10. Flights out of Seoul (Incheon) to Kota Kinabalu will rise from two times a week to four from July 28 to August 22. Furthermore, Korean Air will increase services to Danang from daily to 10 times a week beginning July 28. The South Korean airline is also increasing flights not only to Southeast Asia but to the States as well.

Vintage Luxury Yatch Hotel Soon to Set Off in Yangon Return to Headlines

According to research, 20% of total arrivals to Myanmar are luxury travellers from European markets such as Germany, Russia and the Netherlands and from Asia, Japan. The Finland-made vessel which is owned by local Hla Hla Pa Pa Company will set off at Botataung Jetty offering 5 stories with 104 rooms. It is also the country’s first floating vessel. Room rates at the Vintage Luxury Yacht Hotel range from US$250 to above US$800. The company is planning to add a 400-room vessel in future next to the current one.

Chinese Travel to Recover in Malaysia Return to Headlines

Tourism Malaysia aggressively strikes up marketing partnerships with airlines and working with outbound operators in China to arrange for charters in order to boost visitation of Chinese travellers. A 6 month advertising campaign is initiated with AirAsia and AirAsia X to promote holiday packages flying to 12 destinations in China. A contribution of 26, 386 arrivals and RM76.2 million (US$24 million) in tourist receipts is expected from the 158 flights projected from the collaboration efforts of Tourism Malaysia. These efforts included intensifying promotions in China’s second- and third-tier cities, where the population is more open to holidaying in Malaysia.

Flights Resume from Okinawa Return to Headlines

On July 9, aircrafts bounded in Okinawa have resume flights as Typhoon Negumi moves towards the north of the Eastern China Sea. International flights were cancelled earlier this week as Typhoon Neoguri approached. All Nippon Airways (ANA) said normal operations are expected for domestic flights to and from Okinawa’s Naha, Miyako and Ishigaki airports. Flag carrier Japan Airlines also stated that domestic operations would return to normal although Amami-Oshima Airport flights may experience irregular operations.

New Convention Exhibition Centre Boosts MICE Infrastructure in Indonesia Return to Headlines

Opening in 2015 at the outskirts of Jakarta, Indonesia Convention Exhibition Centre (ICE) being the largest is expected to accommodate up to 10,000 with its 33 meeting rooms and total area of 100,000 metre square. The growth of MICE and economic stability in Indonesia is drawing a lot of convention and exhibition operators to the country, which will in turn bring international shows to the country on top of local events. Jakarta needs more convention and exhibition space to cater for these shows as the existing MICE venues are very packed with events. It will be managed by Hannover Fairs International, a subsidiary of Deutsche Messe.

Ovolo Hotel Expands With Three Hotel Acquisitions in Australia Return to Headlines

With the purchase of 3 hotels Down Under – Blue Sydney (100 rooms), Hotel 1888 in Sydney (90 rooms) and Oaks on Lonsdale in Melbourne (148 rooms), Ovolo Hotels seizes a unique opportunity to expand its presence in Australia A timeframe for the rebranding of these properties to the Ovolo brand has not been set yet. Ovolo Hotels first entered the Australian market in 2012 with the opening of the 42-suite Ovolo Melbourne. With Sydney and Melbourne continuing to be the top destinations for hotel investors and for foreign capital into Australia, Ovolo seeks to amplify the hallmarks of the brand to the market.

Absolute Share Price Performance, as at 11 July 2014
Closing Share Price as at 11 July 2014 4 July 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.40 9.50 -1%
General Property Group 3.88 3.86 1%
Mirvac Group 1.77 1.77 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 37.50 37.50 -
Dusit Thani Public Co Ltd 59.00 59.50 -1%
The Erawan Group Public Co Ltd 4.72 4.42 7%
Grande Asset Hotels and Property Public Co Ltd 1.79 1.79 -
Laguna Resorts & Hotel Public Co Ltd 34.75 34.00 2%
Minor International Public Co Ltd 32.75 31.75 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.37 16.70 4%
BTG Hotels Group Co Ltd 14.00 14.26 -2%
Jinling Hotel Corporation Ltd 9.30 9.59 -3%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 4.87 4.97 -2%
Guangzhou Dong Fang Hotel Co Ltd 7.13 7.33 -3%
Shenzhen Century Plaza Hotel Co Ltd 4.70 4.68 -
Huazhu Hotels Group Ltd 24.50 24.96 -2%
Home Inns & Hotels Management Inc 34.07 35.34 -4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.56 9.70 -1%
Regal Hotels International Holdings Ltd 4.84 4.87 -1%
Sino Hotels Holdings Ltd 2.54 2.54 -
The Hong Kong & Shanghai Hotels Ltd 11.00 11.10 -1%
Shangri-La Asia Limited 11.76 11.90 -1%
Dorsett Hospitality International 1.36 1.39 -2%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 107.50 107.00 -
EIH (Oberoi Hotels & Resorts) 96.00 93.05 3%
Hotel Leela Ventures 24.60 27.75 -11%
Korea Exchange (KRW)
The Shilla 102,000 89,500 14%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.61 0.58 5%
Ascendas Hospitality Trust 0.75 0.75 -
Ascott Residence Trust 1.25 1.24 1%
Banyan Tree Holdings Limited 0.67 0.67 -
CDL Hospitality Trusts 1.75 1.76 -1%
Far Far East Hospitality Trust 0.88 0.88 -
Hotel Grand Central Ltd 1.29 1.27 2%
Hotel Properties Ltd 4.28 4.34 -1%
Mandarin Oriental International Ltd (US$) 1.90 1.91 -1%
OUE Hospitality Trust 0.89 0.89 -
Shangri-La Asia Limited (HK$) 11.80 12.08 -2%
Stamford Land Corporation Ltd 0.66 0.65 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 362.88 358.38 1%
The Ambassador Hotel, Ltd 28.55 27.95 2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 54,900 53,300 3%
Imperial Hotel, Ltd 2,352 2,455 -4%
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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