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December 9, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
China to Global - Harness the New Initiatives and Opportunities
Hilton Opens Second Hotel In Nanjing
Marriott Launches 720-Room Hotel In Shanghai
Choice Hotels Introduces Two New Properties In New Zealand
Tourism Arrivals In Cambodia Rise By 15%
Beijing Strips 131 Hotels Of Their Star Ratings
Absolute Share Price Performance, As At 9 December
China to Global - Harness the New Initiatives and Opportunities Return to Headlines

Save the date and attend the 8th China Hotel Investment Conference (CHIC) 2012 from 18-20 April at the Grand Hyatt in Shanghai. Organised by HVS, the world's leading hospitality consultancy firm, CHIC 2012 will explore topics hot on the minds of investors and developers keen on having a piece of the action in China. These include hearing from the industry's rainmakers about new strategies to harness business opportunities in the changing landscape of the domestic and global markets, the impact of the financial crisis in Europe on China, M&A opportunities, domestic travel patterns and traveller spending patterns. Keynote speakers and members of the Advisory Board include Robin Bew, Global Chief Economist & Editorial Director, Economist Intelligence Unit; Lee Wee Hau, SVP-Development, Greater China, Hilton; Nong Xia, SVP-Real Estate & Development, Hyatt; Keith Barr, CEO, Greater China, IHG; and Frits Van Paasschen, President & CEO, Starwood. Further information can be found at www.chinahotelconference.com.

Save the date now http://www.chinahotelconference.com/outlook.html Early bird registration is open! Register early and save up to USD200!

Hilton Opens Second Hotel In Nanjing Return to Headlines

Hilton Hotels & Resorts is ready for the opening of its second hotel in Nanjing, China. Hilton Nanjing Riverside, the second Hilton property to open in Nanjing in less than a month, is located on the lower reaches of the Yangtze River. Designed as an urban resort, the hotel features 411 rooms and suites, many of which have private balconies with Yangtze River views. The hotel's extensive conference and event facilities comprise 16 meeting rooms and an oval-shaped 1,100-square-metre pillar-less grand ballroom, in addition to a business centre and hotel-wide Wi-Fi. Other facilities include four food and beverage outlets, a health club, an indoor swimming pool and a spa with six treatment rooms.

Marriott Launches 720-Room Hotel In Shanghai Return to Headlines

Marriott International has opened the 39-storey, 720-room Shanghai Marriott Hotel City Centre in Shanghai, China. The hotel is located on Xizang Middle Road and overlooks People's Square - the official geographic centre of the city. All of the hotel's rooms feature 42-inch LCD televisions with plug-and-play MP3 and laptop connectivity, iPod docking stations, high-speed wireless internet and marble bathrooms. The hotel's five dining outlets include Inagiku, the century-old Japanese restaurant chain, as well as Chinese restaurant Man Ho, and the Lounge with a 30-metre-high atrium. The entire fifth level is a dedicated events floor offering more than 2,000 square metres of space, including two pillar-less ballrooms and seven breakout rooms.

Choice Hotels Introduces Two New Properties In New Zealand Return to Headlines
Choice Hotels has added two new properties in New Zealand - the Comfort Inn Kauri Court in Palmerston North and the Quality Inn on Fenton in Rotorua, both smart and affordable options for business or leisure travellers. SKY digital television and high-speed broadband internet access are available in all 54 rooms at Quality Inn on Fenton. On-site facilities include 24-hour reception, a fitness room, a heated outdoor swimming pool and a spa. Comfort Inn Kauri Court offers 12 newly renovated rooms, 24-hour reception, courtesy car transfers to Massey University and plenty of off-street parking.
Tourism Arrivals In Cambodia Rise By 15% Return to Headlines
International tourist arrivals in Cambodia increased 15%year-on-year in the first 10 months this year, based on statistics from the Tourism Ministry. From January to October this year, the country received 2.31 million foreign tourists compared to 2 million tourists in the same period last year. Vietnam topped the chart among the top 10 arrivals with 516,400 tourists, up 22%, followed by South Korea with 273,600, up 19%. During the period, Thai tourists to Cambodia declined by 26% to 91,350 due to the two countries' border disputes earlier this year. The tourism industry is one of the four major pillars supporting the Cambodian economy. In 2010, the sector received 2.5 million foreign tourists, generating total revenue of US$1.75 billion.
Beijing Strips 131 Hotels Of Their Star Ratings Return to Headlines
A total of 131 star-rated hotels in Beijing lost their star status after a re-evaluation by the capital's tourism authority, according to Beijing Municipal Commission of Tourism Development. Targeting the 729 star-rated hotels in Beijing, the result of the evaluation launched in January revealed that 82% of the hotels met standards, while 131 were not up to par and had their star rating removed. The 131 include a five-star hotel, 12 four-star hotels, 55 three-star hotels and 56 two-star hotels along with seven one-star properties. Poor management and service, safety problems and poor sanitary conditions were mainly the reasons for the removal of their star status.
Absolute Share Price Performance, 9 December 2011
Closing Share Price as at 9 December 2011 2 December 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.56 5.60 -1%
General Property Group 3.16 3.23 -2%
Mirvac Group 1.28 1.33 -3%
Ocean Capital Limited 0.16 0.16 -
Thakral Holdings Group 0.52 0.50 4%
Living and Leisure Australia Group 0.026 0.023 13%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.50 9.95 6%
Dusit Thani Public Co Ltd 38.00 36.00 6%
The Erawan Group Public Co Ltd 2.50 2.42 3%
Grande Asset Hotels and Property Public Co Ltd 1.66 1.35 23%
Laguna Resorts & Hotel Public Co Ltd 50.00 49.75 1%
Minor International Public Co Ltd 11.20 11.10 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.56 18.71 -6%
Beijing Capital Tourism Co Ltd 14.05 14.80 -5%
Jinling Hotel Corporation Ltd 7.64 7.74 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.86 4.98 -2%
Guangzhou Dong Fang Hotel Co Ltd 8.46 8.75 -3%
Shenzhen Century Plaza Hotel Co Ltd 4.37 4.47 -2%
Home Inns & Hotels Management Inc 29.91 31.91 -6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.55 8.40 2%
Regal Hotels International Holdings Ltd 2.45 2.47 -1%
Sino Hotels Holdings Ltd 2.31 2.28 1%
The Hong Kong & Shanghai Hotels Ltd 8.62 8.60 -
Shangri-La Asia Limited 13.74 14.00 -2%
kosmopolito Hotel International 1.23 1.26 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 59.3 61.1 -3%
EIH (Oberoi Hotels & Resorts) 85.8 86.4 -1%
Hotel Leela Ventures 32.3 33.2 -3%
Korea Exchange (KRW)
The Shilla 36,150 36,450 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.30 0.31 -3%
Ascott Residence Trust 1.01 0.99 2%
Banyan Tree Holdings Limited 0.61 0.64 -5%
CDL HTrust 1.55 1.48 5%
Hotel Grand Central Ltd 0.69 0.70 -1%
Hotel Properties Ltd 1.76 1.76 -
Mandarin Oriental International Ltd (US$) 1.60 1.42 13%
Pan Pacific Hotels Group Limited 1.85 1.83 1%
Shangri-La Asia Limited (HK$) 13.40 13.56 -1%
Stamford Land Corporation Ltd 0.54 0.54 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 401 423 -5%
The Ambassador Hotel, Ltd 31.50 32.10 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 184,300 187,600 -2%
Japan Hotel and Resort Inc 163,000 164,200 -1%
Imperial Hotel, Ltd 1,770 1,835 -4%
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
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