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30 May 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hyatt Place Asian debut
Pacific Regency Hotel Group aims for Asian expansion
Accor to increase Singapore hotel presence
Movenpick Hotels seeks to grow Thailand footprint
April 2014 Hotel occupancy in Asia Pacific up marginally from 2013
Archipelago International regional mark of the Alana brand
Absolute Share Price Performance, as at 30 May 2014
Hyatt Place Asian debut Return to Headlines
Hyatt Hotels and Resorts announced the launch of the Hyatt Place brand in Asia. The new hotel will be located in Shen Zhen, a business and tourism destination in Southern China, and boats 144 rooms with modern facilities and ample meeting space. The Hyatt Place brand utilises a unique service concept of integrating modern design and amenities and is positioned to cater to the needs of both business and leisure guests. Hyatt Hotels have plans to roll out this brand across Asia in the near future.

Pacific Regency Hotel Group aims for Asian expansion Return to Headlines

Malaysia based Pacific Regency Hotel Group has announced plans to expand their Asian portfolio. The group is to debut the Pacific Express Hotel brand in June and aims to increase this to four properties by year-end 2014, including a property in Shenyang, China. The long term goal for Pacific Regency is to open in three new properties every three years through new acquisitions, refurbishment of old hotels and management agreements.

Accor to increase Singapore hotel presence Return to Headlines

French hotel giant Accor has secure two new management contract agreements for two brand new properties in Singapore. Following the recent opening of the SO by Sofitel, Accor will go on to manage the Novotel Singapore on Stevens and the Ibis Singapore on Stevens which are both slated to open by year-end 2016. With 254 and 528 rooms respectively, the hotels are part of a joint project by Singaporean lifestyle developer Oxley Gem, and will be Accor’s largest hotel development in the Asia-Pacific region when opened.

Movenpick Hotels seeks to grow Thailand footprint Return to Headlines

Commencing with the rebranding exercise of the 50 room Passage on Lam Yai Beach, Koh Samui into the Movenpick Resort Laem Yai Beach Samui, Movenpick Hotels and Resorts have a strong outlook for growth in Thailand. Currently, Koh Samui, Pattaya and Chiang Mai are present in the brand’s portfolio, with Hua Hin, Samui, Bangkok and Phuket in the pipeline. While the Swiss company is focusing their expansion plans in Thailand, anticipating nine new hotels in the next few years in the country, similar developments will gradually be implemented in the region, including Vietnam, Malaysia and the Philippines.

April 2014 Hotel occupancy in Asia Pacific up marginally from 2013 Return to Headlines

The regions’ average occupancy increased 1.2 points to 68.8% with average daily rate dropping 2.7% to US$118.44. This has resulted in a slight decrease in revenue per available room of 1.6% to US$81.46. This overall decrease in the last month was attributed to the strong influence of political situations in both India and Thailand on regional performance in the last month. The largest occupancy increases were registered in Seoul and Shanghai with the most significant drop being in Bangkok. ADR growth was led by Osaka, Tokyo, Kuala Lumpur and Jakarta, all registering double digit growth. The outlook for the year ahead remains positive.

Archipelago International regional mark of the Alana brand Return to Headlines

Archipelago International Hotels, Resorts and Residences, already one of Indonesia’s largest and most prolific hotel operators, is gearing up to expand the Alana brand across Indonesia. Following the successful opening of the first Alana property in Surabaya, three additional properties are slated to open in Yogyakarta in September 2014, Solo in mid 2015, and Sentul City, Bogor in 2016. The hotels are expected to have 269, 248, and 271 rooms respectively, and offering multiple food and beverage options and ample, state of the art meeting spaces. Besides the Alana brand, Archipelago International is aggressively expanding their Aston and Quest brands.

Absolute Share Price Performance, as at 30 May 2014
Closing Share Price as at 30 May 2014 23 May 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 9.59 9.48 1%
General Property Group 3.90 3.90 -
Mirvac Group 1.81 1.76 3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 32.25 32.50 -1%
Dusit Thani Public Co Ltd 57.50 58.00 -1%
The Erawan Group Public Co Ltd 4.34 3.84 13%
Grande Asset Hotels and Property Public Co Ltd 1.64 1.66 -1%
Laguna Resorts & Hotel Public Co Ltd 30.50 29.50 3%
Minor International Public Co Ltd 26.00 25.50 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.02 15.16 6%
BTG Hotels Group Co Ltd 15.15 15.08 -
Jinling Hotel Corporation Ltd 9.47 9.33 2%
China Shenzhen Stock Exchange (RMB)
Guangzhou Dong Fang Hotel Co Ltd 6.96 6.86 1%
Shenzhen Century Plaza Hotel Co Ltd 4.18 4.35 -4%
Huazhu Hotels Group Ltd 25.10 23.07 9%
Home Inns & Hotels Management Inc 31.51 29.70 6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.40 9.82 6%
Regal Hotels International Holdings Ltd 4.74 4.65 2%
Sino Hotels Holdings Ltd 2.59 2.50 4%
The Hong Kong & Shanghai Hotels Ltd 11.32 11.26 1%
Shangri-La Asia Limited 12.16 12.38 -2%
Dorsett Hospitality International 1.33 1.34 -1%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 89.30 90.05 -1%
EIH (Oberoi Hotels & Resorts) 81.10 86.80 -7%
Hotel Leela Ventures 23.55 25.40 -7%
Korea Exchange (KRW)
The Shilla 92,500 91,900 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.60 0.58 3%
Ascendas Hospitality Trust 0.75 0.75 -
Ascott Residence Trust 1.23 1.22 1%
Banyan Tree Holdings Limited 0.65 0.64 2%
CDL Hospitality Trusts 1.74 1.74 -
Far East Hospitality Trust 0.89 0.88 1%
Hotel Grand Central Ltd 1.19 1.16 3%
Hotel Properties Ltd 4.05 4.03 -
Mandarin Oriental International Ltd (US$) 1.85 1.83 1%
OUE Hospitality Trust 0.88 0.88 -
Shangri-La Asia Limited (HK$) 12.40 12.50 -1%
Stamford Land Corporation Ltd 0.64 0.61 5%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 353.50 354.00 -
The Ambassador Hotel, Ltd 27.55 27.45 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 47,450 47,050 1%
Imperial Hotel, Ltd 2,358 2,163 9%
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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