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November 18, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Accor Launches Pullman Brand In Jakarta
China To Boost Tourism Growth In Tibet
Hilton To Debut In Nanjing
Plans To Develop China's Broadway In Shanghai
Vietnam Expects To Attract 7.5 Million Foreign Tourists In 2015
Absolute Share Price Performance, As At 18 November 2011
Accor Launches Pullman Brand In Jakarta Return to Headlines

Accor has launched its upscale Pullman hotel brand in Jakarta. Located in the Podomoro City Super Block and attached to the Central Park shopping complex, the Pullman Jakarta Central Park features 317 rooms including 55 Suites - 53 Executive Suites and two Presidential Suites. Hotel facilities include two restaurants, an outdoor swimming pool and sunbathing terrace, a gymnasium and a rooftop Sky Terrace Garden. In addition, the hotel offers more than 5,700 square metres of meeting and event space.

China To Boost Tourism Growth In Tibet Return to Headlines

The Chinese government has revealed plans for tourism growth in Tibet. During the 12th Five-Year Plan, the authorities have set a target of receiving 15 million visitors each year. This is expected to generate RMB18 billion (US$2.8 billion) and create 300,000 jobs in tourism and related industries by 2015. With development focused on the high-end market, tourism will represent 50% of the service sector in the autonomous region by this date.

Hilton To Debut In Nanjing Return to Headlines

Hilton Hotels & Resorts announced the opening of the new 355-room Hilton Nanjing in Jiangsu Province, China. The hotel is part of the Nanjing Wanda Plaza and is the first of two Hilton Hotels & Resorts properties set to open in Nanjing this fall. The hotel includes deluxe and executive guestroom options along with 19 suites. Hilton Nanjing is the 23rd Hilton Worldwide property and 12th Hilton Hotels & Resorts property in China. The hotel is owned by Wanda Hotel Investment & Development Co Ltd and is operated and managed by Hilton Worldwide.

Plans To Develop China's Broadway In Shanghai Return to Headlines
Chinese news agency, Xinhua, reported that the new 70,000-square-metre development on the banks of Shanghai's Huangpu River, comprising disused cement factories and other abandoned buildings, could be transformed to rival New York's famous theatre district - Broadway. In total, the city is planning to redevelop a 1.4-square-kilometre area surrounding the factories. The cultural and theatre area will be developed near Longshui Road, while the surrounding area will become a riverside business centre including a 250-metre-tall skyscraper. Other districts of Shanghai are also developing their waterfront areas. In Hongkou, the authorities plan to build the north Bund area into a shipping and cruise centre by 2015, while Huangpu District intends to develop a six-kilometre stretch along the southern part of the Bund as a corridor for sightseeing and recreation.
Vietnam Expects To Attract 7.5 Million Foreign Tourists In 2015 Return to Headlines
The Vietnam tourism sector targets 7.5 million foreign tourist arrivals and 35 million domestic arrivals in 2015. This information was given by the Minister of Culture, Sports and Tourism, Hoang Tuan Anh, in a seminar on developing tourism in the central coastal provinces on 14 November in Hanoi. The minister mentioned that the central coastal region plays a key role in realising the target of attracting foreign and domestic tourist arrivals in 2015. This is expected to bring a tourism income of between US$8 billion and US$9 billion, accounting for 5.5% of national GDP. The minister also added that until 2020, the local tourism sector strives to greet 10 to 15 million foreign tourists and 40 to 45 million domestic arrivals, with a tourism turnover of between US$17 billion and US$18 billion, making up 6% to 6.5% of national GDP.
Absolute Share Price Performance, as at 18 November 2011
Closing Share Price as at 18 November 2011 11 November 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.55 5.55 -
General Property Group 3.06 3.10 -1%
Mirvac Group 1.24 1.28 -3%
Ocean Capital Limited 0.17 0.17 -
Thakral Holdings Group 0.52 0.53 -1%
Living and Leisure Australia Group 0.026 0.026 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.00 10.20 -2%
Dusit Thani Public Co Ltd 36.25 35.00 4%
The Erawan Group Public Co Ltd 2.40 2.22 8%
Grande Asset Hotels and Property Public Co Ltd 1.60 1.45 10%
Laguna Resorts & Hotel Public Co Ltd 48.25 46.75 3%
Minor International Public Co Ltd 10.80 10.70 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 19.21 19.58 -2%
Beijing Capital Tourism Co Ltd 15.58 16.59 -6%
Jinling Hotel Corporation Ltd 8.15 8.10 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.06 5.25 -4%
Guangzhou Dong Fang Hotel Co Ltd 9.74 9.26 5%
Shenzhen Century Plaza Hotel Co Ltd 5.35 5.58 -4%
Home Inns & Hotels Management Inc 31.03 35.29 -12%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.16 8.20 -
Regal Hotels International Holdings Ltd 2.47 2.59 -5%
Sino Hotels Holdings Ltd 2.32 2.28 2%
The Hong Kong & Shanghai Hotels Ltd 10.20 10.20 -
Shangri-La Asia Limited 13.90 14.68 -5%
kosmopolito Hotel International 1.17 1.22 -4%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 60.0 68.7 -13%
EIH (Oberoi Hotels & Resorts) 85.3 88.3 -3%
Hotel Leela Ventures 33.4 38.7 -14%
Korea Exchange (KRW)
The Shilla 36,850 37,800 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.31 0.31 -
Ascott Residence Trust 1.01 1.02 -1%
Banyan Tree Holdings Limited 0.75 0.79 -5%
CDL HTrust 1.57 1.58 -1%
Hotel Grand Central Ltd 0.72 0.70 3%
Hotel Properties Ltd 2.00 2.03 -1%
Mandarin Oriental International Ltd (US$) 1.47 1.54 -5%
Pan Pacific Hotels Group Limited 1.83 1.84 -1%
Shangri-La Asia Limited (HK$) 13.44 14.50 -7%
Stamford Land Corporation Ltd 0.55 0.56 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 449 448 -
The Ambassador Hotel, Ltd 34.35 36.10 -5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 191,100 192,100 -1%
Japan Hotel and Resort Inc 155,600 159,100 -2%
Imperial Hotel, Ltd 1,720 1,720 -
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Michelle Hui
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Mark Keith & Daniel Voellm
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Manav Thadani
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Adeline Phua
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