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23 May 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
IHG aims to drive more travellers to Japan
Accor signs two new hotels in Singapore
13 Indonesian airports get major technology upgrade
Penang implements a bed tax
Flydubai introduces three new routes between Dubai and India
Martial law turns into a military coup in Thailand
Absolute Share Price Performance, as at 23 May 2014
IHG aims to drive more travellers to Japan Return to Headlines
Intercontinental Hotel Group (IHG) launched a new English language website aimed at targeting more international travellers to drive demand for its hotels in Japan. Titled ‘Visit Japan’, the web page plans to include a seasonal guide for tourists looking to plan a holiday in Japan by including information on Japan’s attractions and sights as well as showcasing IHG’s 32 Japanese hotels. According to IHG’s head of Japan, Fergus Stewart said that direct bookings increased almost 20 percent from 2011. With the future Olympics set to take stage in Tokyo in 2020, online content-rich platforms will be a key aspect in driving inbound travel to Japan.

Accor signs two new hotels in Singapore Return to Headlines

An agreement was made between Accor and Oxley Gem (a subsidiary of Oxley Holdings) to manage new build hotels: Novotel Singapore on Stevens and Ibis Singapore on Stevens. The hotels are being developed as part of a combined project which are expected to open by end 2016 and will add 782 rooms to Singapore’s hotel market. When opened, it will be Accor‘s largest hotel development in Asia Pacific. Novotel Singapore is set to open with 254 rooms including food and beverage outlets, a swimming pool and fitness centre, meeting facilities that include a 500 seat Ballroom and meeting rooms. Ibis Singapore on Stevens will have 528 rooms, and feature a lobby bar /café and gymnasium.

13 Indonesian airports get major technology upgrade Return to Headlines

Indonesian airport operator PT Angkasa Pura I has selected SITA to enhance technology in 13 airports across the country. SITA’s AirportConnect Open System which controls the check-in desks, gates, self-service kiosks and baggage drop facilities, will now be rolled out at 13 airports in eastern Indonesia, namely those serving Bali, Surabaya, Balikpapan, Makassar, Manado, Solo, Biak, Lombok, Ambon, Semarang, Yogyakarta, Banjarmasin and Kupang. Additionally, the system will include passenger flow monitoring technology and local departure control systems. The system allows airlines to share facilities, using any agent desk or gate position across its 400 airport network.

Penang implements a bed tax Return to Headlines

A bed tax will be introduced from June 1st onwards, payable for all hotel guests in Penang, Malaysia with the proceeds to be used for tourism development and promotion as well as the funding of a new Penang convention and exhibition bureau, to be confirmed. The tax will cost RM3 (US$0.93) per room per night for four- and five-star hotels, and RM2 per room per night for three-star hotels and below, including dormitories, budget hotels, hostels and guesthouses. Hotel guests with bookings before the implementation date will still be required to pay the tax as long as their stay date is from June 1st onwards.

Flydubai introduces three new routes between Dubai and India Return to Headlines

Middle east budget carrier Flydubai is set to double its network in India starting this June with the addition of Delhi, Kochi and Thiruvananthapuram services. The airline will operate four weekly flights to Delhi from June 1, and three weekly flights each to Kochi and Thiruvananthapuram from June 2 and 3 respectively. All will offer economy and business class seats. This expansion comes after the bilateral air services agreement between India and Dubai that paved the way for 11,000 more seats on Dubai-India routes. The new flights will aim to catch transit passengers, asides from picking up the fancy of point-to-point passengers.

Martial law turns into a military coup in Thailand Return to Headlines

The political situation seems to be in a deadlock in Thailand with any of the parties able to compromise with the military taking back the reins of power and clinging back to a long standing tradition in the Kingdom. The move will certainly bring some peace but also deter tourists to come, especially with the curfew imposed indefinitely nationwide. Tourist numbers are set to decline, making Thailand a great bargain destination over the weeks to come. Bangkok hotel rates are likely to take a dive while the local currency, the Thai baht already lost 15% of its value over the last six months. The coming Thailand Travel Mart in early June should then be a showcase for the Tourism Authority of Thailand to demonstrate that Thailand is still welcoming as ever for travellers with or without a military government.

Absolute Share Price Performance, as at 23 May 2014
Closing Share Price as at 23 May 2014 16 May 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.48 9.20 3%
General Property Group 3.90 3.85 1%
Mirvac Group 1.76 1.76 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 32.50 30.75 6%
Dusit Thani Public Co Ltd 58.00 57.25 1%
The Erawan Group Public Co Ltd 3.84 3.84 -
Grande Asset Hotels and Property Public Co Ltd 1.66 1.60 4%
Laguna Resorts & Hotel Public Co Ltd 29.50 29.50 -
Minor International Public Co Ltd 25.50 24.90 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.16 14.37 5%
BTG Hotels Group Co Ltd 15.08 14.82 2%
Jinling Hotel Corporation Ltd 9.33 8.95 4%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 7.23 7.23 -
Guangzhou Dong Fang Hotel Co Ltd 6.86 6.77 1%
Shenzhen Century Plaza Hotel Co Ltd 4.35 4.30 1%
Huazhu Hotels Group Ltd 23.07 22.66 2%
Home Inns & Hotels Management Inc 29.70 28.66 4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.82 9.59 2%
Regal Hotels International Holdings Ltd 4.65 4.61 1%
Sino Hotels Holdings Ltd 2.50 2.50 -
The Hong Kong & Shanghai Hotels Ltd 11.26 11.10 1%
Shangri-La Asia Limited 12.38 12.38 -
Dorsett Hospitality International 1.34 1.32 2%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 90.05 73.95 22%
EIH (Oberoi Hotels & Resorts) 86.80 77.55 12%
Hotel Leela Ventures 25.40 19.30 32%
Korea Exchange (KRW)
The Shilla 91,900 88,500 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.58 0.54 7%
Ascendas Hospitality Trust 0.75 0.73 3%
Ascott Residence Trust 1.22 1.20 2%
Banyan Tree Holdings Limited 0.64 0.62 3%
CDL Hospitality Trusts 1.74 1.73 1%
Far East Hospitality Trust 0.88 0.88 -
Hotel Grand Central Ltd 1.16 1.16 -
Hotel Properties Ltd 4.03 4.02 -
Mandarin Oriental International Ltd (US$) 1.83 1.82 1%
OUE Hospitality Trust 0.88 0.87 1%
Shangri-La Asia Limited (HK$) 12.50 12.54 -
Stamford Land Corporation Ltd 0.61 0.61 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 354.00 355.00 -
The Ambassador Hotel, Ltd 27.45 27.70 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 47,050 46,550 1%
Imperial Hotel, Ltd 2,163 2,207 -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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