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18 July 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Sage Hotel Secured in Perth
YTL Hotels Introduces New Brand to Asia
First Marine Park in Singapore
More Major International Events Expected For Thailand
Avani to Increase Presence across Asia
IHG Makes Its Comeback to Brisbane
Absolute Share Price Performance, as at 18 July 2014
Sage Hotel Secured in Perth Return to Headlines
A month earlier, a Sage Hotel was announced for Brisbane. SilverNeedle Hospitality has now announced its second property being clinched for its new upscale Sage brand and is to open in March 2016. Iqbal Jumabhoy, managing director and CEO of SilverNeedle Hospitality emphasise Sage Hotels is to cater to an important group of business travellers who desire a stable and uncomplicated stay in unfamiliar cities. Situated in West Perth near the central business district, the 101-room hotel will form part of a two-building site offering a mix of modern and heritage designed rooms. SilverNeedle also manages the 99-room Country Comfort Inter City in the state of Western Australia.

YTL Hotels Introduces New Brand to Asia Return to Headlines

YTL Hotels has announced the first property under its new brand, Kasara, which promises luxurious yet authentic experiences: Kasara Niseko Village Townhouse in Hokkaido. Kasara will also expand its portfolio to include properties in Koh Samui, Thailand and Pulau Tiga, Borneo, where it weaves local influences, cultures and traditions with luxury amenities. In the coming future, authentic experiences await the Kasara guest, alongside stunning properties in exotic locations all over Asia. Kasara Niseko Village Townhouse will open its doors on 1 December.

First Marine Park in Singapore Return to Headlines

Located at South Sister’s Island, tourists to Singapore can look forward to a new marine park to be built for national development. The new park will span about 40 hectors, around Sisters’ Islands and along the western reefs of St John’s Island and Pulau Tekukor. The National Parks Board (NParks) is working with marine nature groups on guided intertidal walks and dive trips featuring a variety of coral, fish and other marine life. The park will provide basic facilities for outreach and education activities on St John’s Island. By next month, guided tours will be available to Big Sister’s Island, one of the two Sisters’ Islands.

More Major International Events Expected For Thailand Return to Headlines

Thailand’s MICE continues to grow stronger as major international conferences and events scheduled to take place in Thailand from 2H2014 to 2015 will go ahead as planned even while Thailand Convention & Exhibition Bureau (TCEB) continues to attract more events into the country. By October 2014, such events are expected to attract at least 50,000 visitors and by the final quarter of the 2014 fiscal year, a total of 157,930 high-quality business travellers. There are 15 other bids Thailand has recently won that will draw almost 10,000 international visitors in total. TCEB revised its forecast for Thailand’s MICE industry this year, predicting 87.2 billion baht (US$2.7 billion) in revenue and 888,210 MICE travellers.

Avani to Increase Presence across Asia Return to Headlines

Avani will grow fastest compared to other brands of Minor Hotel Group (MHG) and push its upscale Avani brand across Asia, the Middle East and Africa in the next few years. The group has identified noted a growing demand for the four-star brand, which positions itself as offering “affordable luxury with contemporary living space for leisure and business”. Currently operating with 5 Avani properties in Asia, MHG plans to expand with 2 more properties in Bangkok, another in Seychelles and Bali after. MHG currently has 110 hotels across 14 countries. In 2012, it announced its plan to double in size over five years, from about 80 hotels to 150.

IHG Makes Its Comeback to Brisbane Return to Headlines

InterContinental Hotels Group (IHG) has inked a franchise agreement with Pro Invest to manage the first Holiday Inn Express in Brisbane. The 226-key Holiday Inn Express Brisbane Spring Hill will be situated close to the 'Golden Triangle' in Brisbane’s central business district, providing easy access to business, retail, entertainment and leisure options. As the third-most populous city in Australia, Brisbane has immense growth potential as it sees steady increase in the number of domestic and international travellers. The building of the new property is a significant milestone for IHG.

Absolute Share Price Performance, as at 18 July 2014
Closing Share Price as at 18 July 2014 11 July 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.32 9.40 -1%
General Property Group 3.86 3.88 -1%
Mirvac Group 1.81 1.77 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 38.50 37.50 3%
Dusit Thani Public Co Ltd 60.00 59.00 2%
The Erawan Group Public Co Ltd 4.86 4.72 3%
Grande Asset Hotels and Property Public Co Ltd 1.85 1.79 3%
Laguna Resorts & Hotel Public Co Ltd 34.50 34.75 -1%
Minor International Public Co Ltd 31.75 32.75 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.50 17.37 1%
BTG Hotels Group Co Ltd 13.84 14.00 -1%
Jinling Hotel Corporation Ltd 8.85 9.30 -5%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 4.95 4.87 2%
Guangzhou Dong Fang Hotel Co Ltd 7.25 7.13 2%
Shenzhen Century Plaza Hotel Co Ltd 4.84 4.70 3%
Huazhu Hotels Group Ltd 24.51 24.50 -
Home Inns & Hotels Management Inc 33.80 34.07 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.72 9.56 2%
Regal Hotels International Holdings Ltd 4.85 4.84 -
Sino Hotels Holdings Ltd 2.54 2.54 -
The Hong Kong & Shanghai Hotels Ltd 10.86 11.00 -1%
Shangri-La Asia Limited 11.82 11.76 1%
Dorsett Hospitality International 1.37 1.36 1%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 93.50 107.50 -13%
EIH (Oberoi Hotels & Resorts) 90.95 96.00 -5%
Hotel Leela Ventures 25.50 24.60 4%
Korea Exchange (KRW)
The Shilla 104,500 102,000 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.60 0.61 -2%
Ascendas Hospitality Trust 0.77 0.75 3%
Ascott Residence Trust 1.26 1.25 1%
Banyan Tree Holdings Limited 0.69 0.67 3%
CDL Hospitality Trusts 1.79 1.75 2%
Far Far East Hospitality Trust 0.88 0.88 -
Hotel Grand Central Ltd 1.38 1.29 7%
Hotel Properties Ltd 4.32 4.28 1%
Mandarin Oriental International Ltd (US$) 1.86 1.90 -2%
OUE Hospitality Trust 0.89 0.89 -
Shangri-La Asia Limited (HK$) 11.78 11.80 -
Stamford Land Corporation Ltd 0.64 0.66 -3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 325.00 362.88 -10%
The Ambassador Hotel, Ltd 28.20 28.55 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 55,800 54,900 2%
Imperial Hotel, Ltd 2,310 2,352 -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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