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25 July 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
End of 2014 – 6 New Airlines for India
Samadhi Retreats Signs the Blue Mansion in Penang
Jetstar Pacific Starts Flights HCMC – Singapore
Long Haul Market Interest Growing for Thailand
Pink Market Targeted in Philippines
Gaming Prospects for Sri Lanka
Absolute Share Price Performance, as at 25 July 2014
End of 2014 – 6 New Airlines for India Return to Headlines
Lining up for entry approval from the Ministry of Civil Aviation are 6 new airlines aiming for lift off within India. The 6 include: the New Delhi-based Zexus Air and Air One Aviation, Premier Air, to operate out of Bengaluru; Hyderabad-based Turbo Megha that now operates charter flights; Air Carnival from the south; and Zav Airways that will offer services from regions of the north-east. It is reported that many smaller cities have airports that are unutilised or grossly underused. Business travel is growing exponentially and these sectors have sufficient demand to fill planeloads.

Samadhi Retreats Signs the Blue Mansion in Penang Return to Headlines

Cheong Fatt Tze’s legacy, The Blue Mansion has been signed for a long-term management by Samadhi Retreats. The boutique hotel is one of three heritage buildings in Penang to have won awards from UNESCO. Each of the 18 rooms has been restored to reflect the tycoon’s opulent lifestyle though individual themes and furnishings of precious heirlooms. The Blue Mansion will be the group’s third property in Malaysia after 13-chalent Japamala Resort Tioman Island (opened 2004) and 21-room Villa Samadhi in Kuala Lumpur (opened 2011). Samadhi Retreats is poised to open a 22-room colonial escape in Singapore's Labrador Park, at the end of 2014 as its first property outside of Malaysia.

Jetstar Pacific Starts Flights HCMC – Singapore Return to Headlines

Coming 27 October, Jetstar Pacific will commence its flight services between Ho Chi Minh City and Singapore. This flight service will be the fourth daily connection as sister airline Jetstar Asia currently operates three daily flights. The LCC is also introducing a new domestic route from Ho Chi Minh City to Thanh Hoa in the north. According to Alistar Hartley, Jetstar Pacific’s new services will allow it to capitalise on opportunities in the Vietnamese markets with double-digit domestic travel growth and very low levels of LCCs operating on international routes to and from Vietnam allowing the airline to unlock the full potential of air travel in the country.

Long Haul Market Interest Growing for Thailand Return to Headlines

TripAdvisor announced that several long haul markets have displayed more interest in visiting Thailand over the last one year despite the political challenges. Brazil has shown the most interest in booking accommodation with Thai properties, growing 22 per cent year-on-year. Following after is the US with 17 per cent, followed by Egypt with 10 per cent, Ukraine and Canada with seven per cent. This confirms Thailand’s appeal as a much-loved and desired destination for international travellers. Within Thailand, Phuket was the most searched destination

Pink Market Targeted in Philippines Return to Headlines

The LGBT market is an untapped market for the Philippines, which itself is a young market. Approaching markets such as Amsterdam and Las Vegas, the consortium consisting of Rajah Travel Corp, Afro Asian Travel and Tours, and Travel Warehouse to offer products where such travellers will feel safe and welcome, and not discriminated against. Some of which includes packages that explores from spas and ‘pink’ beaches to private cruise events and couple-oriented runs. Destinations like Cambodia, Myanmar, Vietnam, Laos and Singapore are also intended to be covered.

Gaming Prospects for Sri Lanka Return to Headlines

The Sri Lankan government has plans to introduce high-end casinos into the country through three integrated resort (IR) projects in the capital, Colombo. Despite much refute and protests to the building of the new casinos, many industry partners commented the casinos can be used to attract the very rich niche gambling segment. Casinos have branded and developed themselves as comprehensive MICE locations which add value to the city as a destination. They would also play a part in improving Colombo’s night attractions and entertainment options, which is needed to cater to the steady growth of Indian, Chinese and South Korean visitors. Sri Lanka strives to also learn from its neighbouring examples such as Singapore.

Absolute Share Price Performance, as at 25 July 2014
Closing Share Price as at 25 July 2014 18 July 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.50 9.32 2%
General Property Group 4.04 3.86 5%
Mirvac Group 1.79 1.81 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 40.75 38.50 6%
Dusit Thani Public Co Ltd 60.00 60.00 -
The Erawan Group Public Co Ltd 4.86 4.86 -
Grande Asset Hotels and Property Public Co Ltd 1.76 1.85 -5%
Laguna Resorts & Hotel Public Co Ltd 34.25 34.50 -1%
Minor International Public Co Ltd 34.50 31.75 9%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.41 17.50 -1%
BTG Hotels Group Co Ltd 14.16 13.84 2%
Jinling Hotel Corporation Ltd 8.80 8.85 -1%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 5.08 4.95 3%
Guangzhou Dong Fang Hotel Co Ltd 7.54 7.25 4%
Shenzhen Century Plaza Hotel Co Ltd 4.92 4.84 2%
Huazhu Hotels Group Ltd 25.29 24.51 3%
Home Inns & Hotels Management Inc 36.48 33.80 8%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.73 9.72 -
Regal Hotels International Holdings Ltd 4.83 4.85 -
Sino Hotels Holdings Ltd 2.51 2.54 -1%
The Hong Kong & Shanghai Hotels Ltd 11.04 10.86 2%
Shangri-La Asia Limited 12.02 11.82 2%
Dorsett Hospitality International 1.41 1.37 3%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 95.50 93.50 2%
EIH (Oberoi Hotels & Resorts) 101.00 90.95 11%
Hotel Leela Ventures 24.90 25.50 -2%
Korea Exchange (KRW)
The Shilla 108,500 104,500 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.60 0.60 -
Ascendas Hospitality Trust 0.77 0.77 -
Ascott Residence Trust 1.27 1.26 1%
Banyan Tree Holdings Limited 0.68 0.69 -1%
CDL Hospitality Trusts 1.77 1.79 -1%
Far Far East Hospitality Trust 0.88 0.88 -
Hotel Grand Central Ltd 1.40 1.38 1%
Hotel Properties Ltd 4.31 4.32 -
Mandarin Oriental International Ltd (US$) 1.87 1.86 1%
OUE Hospitality Trust 0.90 0.89 1%
Shangri-La Asia Limited (HK$) 11.78 11.78 -
Stamford Land Corporation Ltd 0.66 0.64 3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 327.27 325.00 1%
The Ambassador Hotel, Ltd 28.55 28.20 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 55,800 55,800 -
Imperial Hotel, Ltd 2,318 2,310 -
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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