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September 30, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Opening of Crowne Plaza in Danang
Starwood's Luxury Collection to Open in Phuket
Wyndham Adds New Property to China Portfolio
Tourism Malaysia Office Opens in Auckland
Two Raffles Hotels & Resorts in Cambodia Undergo Refurbishment
Absolute Share Price Performance, As At 30 September 2011
Opening of Crowne Plaza in Danang Return to Headlines

InterContinental Hotels Group (IHG) has announced the opening of the Crowne Plaza Danang, its second Crowe Plaza property in Vietnam. Previously known as the Silver Shores International Resort, the property is a beachfront hotel consisting of 535 keys, making it the largest hotel in Central Vietnam by room inventory. Located 15 minutes away from the Danang International Airport, the Crowne Plaza Danang features 2,500 sqm of meeting and event space and plans to capitalise on the growth of the Meetings, Incentives, Conventions and Exhibitions (MICE) segment. Vietnam's international and regional arrivals have grown steadily over the years and IHG is planning on increasing its presence in Vietnam to tap into this growing market. Its third Crowne Plaza property in Vietnam is set to open in the coming year and will be located in Nha Trang.

Starwood's Luxury Collection to Open in Phuket Return to Headlines

Starwood Hotels & Resorts is set to open a new Luxury Collection resort in Phuket by in November 2011. The Naka Island, A Luxury Collection Resort & Spa will be an all-villa boutique resort located on the Naka Yai Island, off the coast of Phuket. The 67-villa private resort can only be accessible by private speedboat and will be the only resort located on the Naka Yai Island. The 450 sqm villas will each feature a private plunge pool, open-air bathrooms and sala pavilions. The resort will feature an all-day dining restaurant, a beachside grill house and a bar and other facilities at the resort include the Naka Island Spa and a multi-function pavilion for outdoor events. Guests at The Naka Island, A Luxury Collection Resort & Spa will be offered the services of an 'Experience Guide' - a personal concierge, who can make spa or dining reservations within and outside of the resort, plan events or arrange excursions and fishing and diving trips.

Wyndham Adds New Property to China Portfolio Return to Headlines

Wyndham Worldwide Corporation has announced the signing of a new Wyndham Grand property in southern China. The 401-key Wyndham Grand Foshan Gaoming is scheduled to open in the second half of 2012 and will be located in the Xijiang New Town area of Foshan City, two hours from Hong Kong and Macau and closeby to other mainland China cities such as Guangzhou and Shenzhen. The new property will feature 98 suites, a fitness centre, swimming pool and more than four food and beverage outlets, including a poolside bar. With the signing of the Wyndham Grand Foshan Gaoming, this brings the total number of properties in Wyndham's China development pipeline to 63.

Tourism Malaysia Office Opens in Auckland Return to Headlines
Responding to a large increase in arrivals from New Zealand, Tourism Malaysia has recently opened a tourism office in Auckland, New Zealand. Arrivals from New Zealand rose by 47% year on year from April to June and Tourism Malaysia is hoping to capitalise on this to establish Malaysia as a destination of choice for tourists from New Zealand. Easier accessibility over the years with the launch of low cost carriers such as JetStar from Auckland and AirAsia from Christchurch to Kuala Lumpur and a favourable exchange rate have made Malaysia attractive to New Zealand holidaymakers, despite continual competition from more traditional 'Kiwi' holidays destinations such as Australia and the Pacific Islands. Tourism Malaysia aims to strengthen its promotional and marketing efforts with airline partners, tour operators and key industry players to promote tourism in Malaysia to New Zealanders.
Two Raffles Hotels & Resorts in Cambodia Undergo Refurbishment Return to Headlines
The Raffles Hotel Le Royal, Phnom Penh and the Raffles Grand Hotel d'Angkor, Siem Reap are currently undergoing a refurbishment, which is scheduled to be completed by November 2011. Opened in 1929 and 1932, respectively, these two hotels entered the Raffles portfolio in 1997 and are the only luxury hotels in Cambodia that pre-date the civil war and the Khmer Rouge era. In a nod to both buildings' French architecture, both hotels will undergo an update of selected guestrooms, suites, villas, meetings rooms and the hotel lobby of the Raffles Hotel Le Royal, which will incorporate French Colonial, Art Deco and Khmer elements. Luxurious Cambodian silks, Khmer patterns, Art Deco colours, silverwork and wood craving done by local artists will be prominently featured in both Raffles' properties. Both properties have plans to refurbish more rooms in 2012.
Absolute Share Price Performance, as at 30 September 2011
Closing Share Price as at 30 September 2011 23 September 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.70 5.46 4%
General Property Group 3.14 3.11 1%
Mirvac Group 1.15 1.10 5%
Ocean Capital Limited 0.14 0.14 -
Thakral Holdings Group 0.52 0.52 -
Living and Leisure Australia Group 0.020 0.019 5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 8.05 8.45 -5%
Dusit Thani Public Co Ltd 34.00 36.00 -6%
The Erawan Group Public Co Ltd 2.26 2.32 -3%
Grande Asset Hotels and Property Public Co Ltd 1.13 1.23 -8%
Laguna Resorts & Hotel Public Co Ltd 47.00 49.25 -5%
Minor International Public Co Ltd 10.30 10.60 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 18.24 18.80 -3%
Beijing Capital Tourism Co Ltd 15.46 17.62 -12%
Jinling Hotel Corporation Ltd 8.15 8.55 -5%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.19 5.61 -7%
Guangzhou Dong Fang Hotel Co Ltd 10.20 10.20 -
Shenzhen Century Plaza Hotel Co Ltd 5.29 6.05 -13%
Home Inns & Hotels Management Inc 25.77 33.73 -24%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.70 8.36 -8%
Regal Hotels International Holdings Ltd 2.18 2.22 -2%
Sino Hotels Holdings Ltd 2.50 2.56 -2%
The Hong Kong & Shanghai Hotels Ltd 10.72 11.30 -5%
Shangri-La Asia Limited 15.02 14.38 4%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 71.15 69.90 2%
EIH (Oberoi Hotels & Resorts) 88.15 84.60 4%
Hotel Leela Ventures 35.95 36.10 0%
Korea Exchange (KRW)
The Shilla 35,500 33,850 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.29 0.29 -
Ascott Residence Trust 1.01 1.04 -3%
Banyan Tree Holdings Limited 0.57 0.61 -7%
CDL HTrust 1.51 1.62 -7%
Hotel Grand Central Ltd 0.71 0.68 4%
Hotel Properties Ltd 2.04 2.01 1%
Mandarin Oriental International Ltd (US$) 1.38 1.40 -1%
Pan Pacific Hotels Group Limited 1.95 1.97 -1%
Stamford Land Corporation Ltd 0.47 0.49 -4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 421 417 1%
The Ambassador Hotel, Ltd 35.40 33.90 4%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 199,000 217,000 -8%
Japan Hotel and Resort Inc 166,100 168,000 -1%
Imperial Hotel, Ltd 1,811 1,874 -3%
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