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20 June 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
AirAsia Begins Flights to India
Melia’s Sol Beach House Opens in Bali
Ovolo Converts Warehouse to Hotel in Hongkong
The Westin Resort Macau to be Taken over as Grand Coloane Beach Resort
One Farrer Hotel & Spa debuts in Singapore
Best Western Arrives in Phnom Penh
Absolute Share Price Performance, as at 20 June 2014
AirAsia Begins Flights to India Return to Headlines
On 12th June, AirAsia has taken the skies to India for the first time. It is speculated that AirAsia is likely to fly to all regions with the exception of Mumbai. Having finally attaining its flying permit by the DGCA, AirAsia India will be based in Chennai. The airline will be competing with several other lowfare carriers which dominate India’s market share such as IndiGo, GoAir and SpiceJet. According to industry experts, this should push the competition to resort to competitive pricing.

Melia’s Sol Beach House Opens in Bali Return to Headlines

With its new global sub brand, Melia Hotels International has opened its first Sol Beach House Benoa in resort destination, Bali. The property will be slotted into Sol Beach House, joining the other 3 sub-concepts: Sol Hotels; Sol Katmandu Park & Resort; and Sol House. This new concept is “hippie chic” which combines modernity with a vintage touch in each beach house. The Sol Beach House Benoa aims to provide a Mediterranean feel that could be use as a model by Melia for future growth in Asia.

Ovolo Converts Warehouse to Hotel in Hongkong Return to Headlines

From its beginning as a warehouse, Ovolo Southside is situated on the south side of Hongkong Island in a neighbourhood known for previously of its car workshops and warehouses but its location now showcases many heritage buildings, contemporary art galleries and restaurants. With its building designed in 1976 and kept in its original structure, each of its 162 open-plan guestrooms being different in size and shape. Ovolo boasts of being the first to have present a hotel in Hongkong that was originally converted from a warehouse.

The Westin Resort Macau to be Taken over as Grand Coloane Beach Resort Return to Headlines

From 22nd June 2014, The Westin Resort Macau marks the end of the licensing agreement with Starwood Hotels & Resorts which has been in place since 1993. Taking on its new name as Grand Coloane Beach Resort and under the management of its owner directly, the property has successfully completed its refurbishment and will continue to be in operations with the same management team. With its new brand and the necessary investments supplied, the hotel aims to maintain its high standards which are expected from its previous reputable brand: Starwoods and Westin.

One Farrer Hotel & Spa debuts in Singapore Return to Headlines

Located in Farrer Park at Connexion, five-star One Farrer Hotel & Spa opens in August, this year. The Connexion will also house the Farrer Park Medical Clinics and Farrer Park Hospital. One Farrer Hotel & Spa aims to carry out a philosophy called “Total Environment” which means provides hotel residents with functional spaces and everything they need at their fingertips. With 4 room categories: Urban Rooms for both business and leisure travellers, Loft Apartments for extended-stay guest, Skyline Hotel and Skyline Villas for an exclusive penthouse experience, the property provides a place for travellers to check each box of their desires in a hotel.

Best Western Arrives in Phnom Penh Return to Headlines

Best Western International successfully acquires a stunning property by the river side in the heart of Cambodia’s capital Phnom Penh. Now known as Best Western River Palace Hotel, it is the company’s second property in Cambodia following the Best Western Suites and Sweet Resort Angkor in Siem Reap. Phnom Penh currently shows high potential and has been growing as a regional hub for both business and leisure travellers which indicates that Best Western International is now present in 2 of Cambodia’s thriving cities.

Absolute Share Price Performance, as at 20 June 2014
Closing Share Price as at 20 June 2014 13 June 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.00 8.99 -
General Property Group 3.92 3.88 1%
Mirvac Group 1.83 1.83 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 36.25 36.25 -
Dusit Thani Public Co Ltd 59.00 59.00 -
The Erawan Group Public Co Ltd 4.34 4.42 -2%
Grande Asset Hotels and Property Public Co Ltd 1.68 1.75 -4%
Laguna Resorts & Hotel Public Co Ltd 32.25 31.00 4%
Minor International Public Co Ltd 28.00 26.50 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.69 16.02 -2%
BTG Hotels Group Co Ltd 14.47 15.37 -6%
Jinling Hotel Corporation Ltd 9.23 9.50 -3%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 4.78 5.05 -5%
Guangzhou Dong Fang Hotel Co Ltd 7.18 7.35 -2%
Shenzhen Century Plaza Hotel Co Ltd 4.41 4.22 5%
Huazhu Hotels Group Ltd 24.70 24.34 1%
Home Inns & Hotels Management Inc 34.15 33.78 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.48 9.92 -4%
Regal Hotels International Holdings Ltd 4.74 4.68 1%
Sino Hotels Holdings Ltd 2.53 2.59 -2%
The Hong Kong & Shanghai Hotels Ltd 10.66 10.92 -2%
Shangri-La Asia Limited 12.06 12.26 -2%
Dorsett Hospitality International 1.38 1.42 -3%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 102.25 103.35 -1%
EIH (Oberoi Hotels & Resorts) 98.80 103.30 -4%
Hotel Leela Ventures 23.55 24.55 -4%
Korea Exchange (KRW)
The Shilla 90,500 87,700 3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.57 0.56 2%
Ascendas Hospitality Trust 0.75 0.75 -
Ascott Residence Trust 1.23 1.23 -
Banyan Tree Holdings Limited 0.64 0.64 -
CDL Hospitality Trusts 1.74 1.71 2%
Far Far East Hospitality Trust 0.87 0.87 -
Hotel Grand Central Ltd 1.22 1.19 3%
Hotel Properties Ltd 4.06 4.05 -
Mandarin Oriental International Ltd (US$) 1.88 1.86 1%
OUE Hospitality Trust 0.88 0.88 -
Shangri-La Asia Limited (HK$) 12.16 12.26 -1%
Stamford Land Corporation Ltd 0.66 0.65 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 351.40 363.00 -3%
The Ambassador Hotel, Ltd 27.90 27.85 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 51,200 51,800 -1%
Imperial Hotel, Ltd 2,448 2,408 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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