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4 July 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
One&Only Opens Luxury Resort in Australia
Golden Myanmar Airlines to fly to Imphal
Tune Hotels Expands Quickly in Philippines
AirAisa Makes a Comeback to Japan
UIA Deems Top MICE City - Singapore
The Brando Opens in French Polynesia
Absolute Share Price Performance, as at 4 July 2014
One&Only Opens Luxury Resort in Australia Return to Headlines
One&Only Hayman Island opens as a new luxury private resort located in the Great Barrier Reef, Australia. After its multimillion facelift, the resort assumes the same management of the former Hayman, Great Barrier Reef Resort. Some changes made in areas such as the resort’s Pool Wing which has been configured to suites living spaces and this also allow the resort to offer further accommodation types. Tailoring to different interests of its guests, One&Only Hayman Island provides a KidsOnly Club and Teens Club separately. The resort believes that with its transformational refurbishment, an extraordinary service level provided by it will redefine luxury travel in the Land Down Under.

Golden Myanmar Airlines to fly to Imphal Return to Headlines

With one goal of promoting tourism, Myanmar and India are working together to implement a new charter service linking Mandalay and northeast state of Manipur. Golden Myanmar Airlines’ commencement of a twice-weekly charter service on Airbus A320 and a 69-seater ATR 72-690 aircraft will take off on July 3 as the airline finalises preparations with Indian authorities. Tax on aviation turbine fuel and visa requirement are expected to be reduced to encourage visitation of Myanmar travellers into India.

Tune Hotels Expands Quickly in Philippines Return to Headlines

200 roomed Tune Hotel Aseana City is the 9th hotel to open in the Philippines within the last two years. Owned and operated by Red Planet Hotels, the hotel is located in the heart of Manila’s newly precinct: Paranaque, Aseana City. A 10th property is soon to follow as Tune Hotel Ayala Avenue will open in November with 189 rooms. Red Planet Hotels emphasise that the Philippines is the perfect platform for expansion of Tune Hotels because of the country’s acceptance and embracing of new and inspiring brands that enable travel to the wider population.

AirAisa Makes a Comeback to Japan Return to Headlines

Tony Fernandes makes his announcement on 1st July on the return of a new subsidiary, AirAsia Japan in 2015 expectedly. The expansion strategy will follow AirAsia traditional development model. Starting with domestic flights, AirAsia Japan aims to cater to regional destinations eventually such as Taiwan, Korea, China and the Philippines. Its long term dream also includes flights to destinations such as Los Angeles, Guam and Hawaii in order to connect Asia with the rest of the world on a one-stop offer.

UIA Deems Top MICE City - Singapore Return to Headlines

Union of International Associations (UIA) has globally crowned Singapore as the world's foremost city and country for international meetings, titles which have been held for the third and seventh year running respectively. The Meetings segment contributes the highest proportion at 55.4 per cent of total economic impact. Beyond the direct economic benefits, MICE also contributed in terms of networking opportunities, branding of Singapore and cross-industry skill sharing. Singapore has six world congresses in its pipeline to date and it followed behind by the United States and Brussels.

The Brando Opens in French Polynesia Return to Headlines

On the atoll of Tetiaroa, The Brando – an exquisite luxury resort opens as a model of sustainable technology. Through the use of seawater air-conditioning and renewable energies, the resort is able to upkeep its promise of excellent quality and service. Built as a cluster of 35 villas, The Brando is inspired by a vision of sustainable development that resonates with visitors and fosters opportunities to get to know both the place and people of French Polynesia. The resort also seeks to preserve the environment and wildlife around it.

Absolute Share Price Performance, as at 4 July 2014
Closing Share Price as at 4 July 2014 27 June 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.50 9.18 3%
General Property Group 3.86 3.95 -2%
Mirvac Group 1.77 1.81 -2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 37.50 37.00 1%
Dusit Thani Public Co Ltd 59.50 59.00 1%
The Erawan Group Public Co Ltd 4.42 4.40 -
Grande Asset Hotels and Property Public Co Ltd 1.79 1.75 2%
Laguna Resorts & Hotel Public Co Ltd 34.00 32.25 5%
Minor International Public Co Ltd 31.75 29.25 9%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.70 16.40 2%
BTG Hotels Group Co Ltd 14.26 14.63 -3%
Jinling Hotel Corporation Ltd 9.59 9.26 4%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 4.97 4.80 4%
Guangzhou Dong Fang Hotel Co Ltd 7.33 7.07 4%
Shenzhen Century Plaza Hotel Co Ltd 4.68 4.65 1%
Huazhu Hotels Group Ltd 24.96 24.66 1%
Home Inns & Hotels Management Inc 35.34 34.18 3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.70 9.55 2%
Regal Hotels International Holdings Ltd 4.87 4.82 1%
Sino Hotels Holdings Ltd 2.54 2.54 -
The Hong Kong & Shanghai Hotels Ltd 11.10 10.90 2%
Shangri-La Asia Limited 11.90 12.18 -2%
Dorsett Hospitality International 1.39 1.34 4%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 107.00 102.30 5%
EIH (Oberoi Hotels & Resorts) 93.05 94.25 -1%
Hotel Leela Ventures 27.75 25.80 8%
Korea Exchange (KRW)
The Shilla 89,500 89,800 -
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.58 0.56 4%
Ascendas Hospitality Trust 0.75 0.75 -
Ascott Residence Trust 1.24 1.23 1%
Banyan Tree Holdings Limited 0.67 0.66 2%
CDL Hospitality Trusts 1.76 1.76 -
Far Far East Hospitality Trust 0.88 0.88 -
Hotel Grand Central Ltd 1.27 1.24 2%
Hotel Properties Ltd 4.34 4.00 9%
Mandarin Oriental International Ltd (US$) 1.91 1.90 1%
OUE Hospitality Trust 0.89 0.88 1%
Shangri-La Asia Limited (HK$) 12.08 12.10 -
Stamford Land Corporation Ltd 0.65 0.66 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 358.38 355.38 1%
The Ambassador Hotel, Ltd 27.95 27.90 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 53,300 54,000 -1%
Imperial Hotel, Ltd 2,455 2,454 -
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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