HVS Website
December 16, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
IHG To Debut In Laos
IHG Further Taps Into Newly Developed Haitang Bay In Sanya, China
Jumeirah Celebrates Opening Of Vittaveli In The Maldives
Sofitel Luxury Hotels To Open Flagship Property In Mumbai
Thailand Arrivals Surge 21%
Absolute Share Price Performance, As At 16 December
IHG To Debut In Laos Return to Headlines

InterContinental Hotels Group (IHG) has signed an agreement to develop its first hotel in Laos. The deal, with Vietnamese conglomerate, BIM Group, will see the development of two new-build Crowne Plaza properties in the Lao capital Vientiane, and Phu Quoc, the southern resort island in Vietnam. Both scheduled to open in 2015, the two hotels will add about 600 rooms to IHG's portfolio. The 200-room Crowne Plaza Vientiane will be located on a two-hectare site on Rue Samsenthai, in the city centre. The Crowne Plaza Phu Quoc Resort meanwhile, will form part of a 155-hectare integrated resort development site on Long Beach. Housing 400 rooms, including 95 residences and five villas, the hotel will occupy 10 hectares of the site with a private beachfront.

IHG Further Taps Into Newly Developed Haitang Bay In Sanya, China Return to Headlines

The new Crowne Plaza Sanya Haitang Bay and Hotel Indigo Sanya Haitang Bay complex will open in 2014, creating a completely new development concept. The 54-room Hotel Indigo Sanya Haitang Bay will be the first Hotel Indigo property to open in a resort location in China. The 420-room Crowne Plaza Sanya Haitang Bay will join the Indigo in an impressive complex that will meet both the demands of the MICE market and the emerging growth of leisure tourism. Yanlord Land Group is the developer which mainly focuses on high-end residential, commercial and integrated property projects in key high growth cities in the country.

Jumeirah Celebrates Opening Of Vittaveli In The Maldives Return to Headlines

The Jumeirah Vittaveli Maldives has opened, receiving its first guests on 14 December. The ultra luxury resort is the second Jumeirah property to open in the Maldives this year. Located a mere 20 minutes by speedboat from Malé International Airport, Jumeirah Vittaveli is a convenient option for travellers visiting the Maldives. The resort contains 91 villa suites, all with their own private pool, as well as three restaurants, a bar, a 1,080-square-metre Talise Spa and facilities for young children and teenagers.

Sofitel Luxury Hotels To Open Flagship Property In Mumbai Return to Headlines
Accor's Sofitel Luxury Hotels unit has announced the opening of a luxury hotel in Mumbai on 26 December. Located at Bandra Kurla Complex (BKC), the hotel has been designed by the architects at BBGM (USA), with interior designers at the Miaja Design Group (Singapore) led by Isabelle Miaja, a renowned French designer. All 302 rooms, including 31 suites, feature MyBedTM concept, an all-feather bed combined with an extra-light down duvet. The Club Millesime, the club floor, offers an executive lounge and bar with indoor and terrace seating. According to the company release, in the food and beverage section, the hotel will offer six distinctive restaurants and bars: Pondichéry Café, an all-day dining restaurant; Artisan Bistro Patissier, a café; Jyran; Tuskers; L OH Pool and Bar; and Le Bar Diamantaire. A dedicated floor will host India's first So SPA by Sofitel. The hotel will also have InspiredMeetings, Sofitel's meetings concept.
Thailand Arrivals Surge 21% Return to Headlines
International visitor arrivals to Thailand totalled 17.1 million in the first 11 months of 2011, 21.2% more than the same period last year. Despite the recent floods, arrivals from all major global regions demonstrated double-digit growth in the January to November period, led by visitation from Northeast Asia, which climbed 34.3% to 4.3 million arrivals. ASEAN arrivals increased 22.1% to 4.9 million, while those from Europe climbed 13.6% to 4.4 million. South Asian arrivals rose 19.8% to 1.1 million, those from the Americas increased 12.9% to 850,000, and Oceania arrivals climbed 7.7% to 830,000. The number of visitors from the Middle East rose 7.7% to 600,000, and arrivals from Africa increased 11.8% to 120,000. Thailand expects to welcome up to 18.6 million international visitor arrivals in 2011 - 17.7% more than 2010's full-year total of 15.8 million.
Absolute Share Price Performance, 16 December 2011
Closing Share Price as at 16 December 2011 9 December 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.60 5.56 1%
General Property Group 3.20 3.16 1%
Mirvac Group 1.27 1.28 -1%
Ocean Capital Limited 0.16 0.16 -
Thakral Holdings Group 0.51 0.52 -1%
Living and Leisure Australia Group 0.036 0.026 38%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.30 10.50 -2%
Dusit Thani Public Co Ltd 37.50 38.00 -1%
The Erawan Group Public Co Ltd 2.42 2.50 -3%
Grande Asset Hotels and Property Public Co Ltd 1.21 1.66 -27%
Laguna Resorts & Hotel Public Co Ltd 49.00 50.00 -2%
Minor International Public Co Ltd 10.90 11.20 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.42 17.56 -1%
Beijing Capital Tourism Co Ltd 13.65 14.05 -3%
Jinling Hotel Corporation Ltd 7.10 7.64 -7%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.12 4.86 -15%
Guangzhou Dong Fang Hotel Co Ltd 6.55 8.46 -23%
Shenzhen Century Plaza Hotel Co Ltd 3.78 4.37 -14%
Home Inns & Hotels Management Inc 25.75 29.91 -14%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.13 8.55 -5%
Regal Hotels International Holdings Ltd 2.26 2.45 -8%
Sino Hotels Holdings Ltd 2.29 2.31 -1%
The Hong Kong & Shanghai Hotels Ltd 8.71 8.62 1%
Shangri-La Asia Limited 13.16 13.74 -4%
kosmopolito Hotel International 1.16 1.23 -6%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 55.8 59.5 -6%
EIH (Oberoi Hotels & Resorts) 83.5 85.9 -3%
Hotel Leela Ventures 31.4 32.4 -3%
Korea Exchange (KRW)
The Shilla 39,800 36,150 10%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.30 0.30 -
Ascott Residence Trust 0.98 1.01 -3%
Banyan Tree Holdings Limited 0.59 0.61 -3%
CDL HTrust 1.57 1.55 1%
Hotel Grand Central Ltd 0.69 0.69 -
Hotel Properties Ltd 1.69 1.76 -4%
Mandarin Oriental International Ltd (US$) 1.50 1.60 -6%
Pan Pacific Hotels Group Limited 1.86 1.85 1%
Shangri-La Asia Limited (HK$) 12.70 13.40 -5%
Stamford Land Corporation Ltd 0.53 0.54 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 367 401 -8%
The Ambassador Hotel, Ltd 29.30 31.50 -7%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 181,600 184,300 -1%
Japan Hotel and Resort Inc 163,900 163,000 1%
Imperial Hotel, Ltd 1,790 1,770 1%
Return to Headlines
HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive emails from our HVS list. You are receiving this email because you have contacted us through our website or through other means. To unsubscribe from future mailings to this list, please send a blank email to: $subst('Email.UnSub').

If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.

You can also contact us by phone or regular mail:

Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
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.

© HVS 2011 Terms of Use | Contact Us