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Featured in this Asia Pacific Hospitality Newsletter |
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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.
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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. |
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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. |
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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.
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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. |
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Absolute Share Price Performance, as at
18 November 2011
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Closing Share Price as at |
18 November 2011
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11 November 2011
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.55
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5.55
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-
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General Property Group |
3.06
|
3.10
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-1%
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Mirvac Group |
1.24
|
1.28
|
-3%
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Ocean Capital Limited |
0.17
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0.17
|
-
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Thakral Holdings Group |
0.52
| 0.53
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-1%
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Living and Leisure Australia Group |
0.026
|
0.026
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-
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
10.00
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10.20
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-2%
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Dusit Thani Public Co Ltd |
36.25
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35.00
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4%
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The Erawan Group Public Co Ltd |
2.40
|
2.22
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8%
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Grande Asset Hotels and Property Public Co Ltd |
1.60
|
1.45
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10%
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Laguna Resorts & Hotel Public Co Ltd |
48.25
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46.75
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3%
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Minor International Public Co Ltd |
10.80
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10.70
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1%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
19.21
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19.58
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-2%
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Beijing Capital Tourism Co Ltd |
15.58
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16.59
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-6%
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Jinling Hotel Corporation Ltd |
8.15
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8.10
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1%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
5.06
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5.25
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-4%
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Guangzhou Dong Fang Hotel Co Ltd |
9.74
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9.26
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5%
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Shenzhen Century Plaza Hotel Co Ltd |
5.35
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5.58
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-4%
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
31.03
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35.29
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-12%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.16
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8.20
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-
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Regal Hotels International Holdings Ltd |
2.47
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2.59
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-5%
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Sino Hotels Holdings Ltd |
2.32
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2.28
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2%
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The Hong Kong & Shanghai Hotels Ltd |
10.20
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10.20
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-
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Shangri-La Asia Limited |
13.90
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14.68
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-5%
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kosmopolito Hotel International
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1.17
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1.22
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-4%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
60.0
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68.7
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-13%
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EIH (Oberoi Hotels & Resorts) |
85.3
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88.3
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-3%
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Hotel Leela Ventures |
33.4
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38.7
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-14%
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Korea Exchange (KRW) |
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The Shilla |
36,850
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37,800
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-3%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.31
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0.31
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-
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Ascott Residence Trust |
1.01
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1.02
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-1%
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Banyan Tree Holdings Limited |
0.75
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0.79
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-5%
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CDL HTrust |
1.57
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1.58
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-1%
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Hotel Grand Central Ltd |
0.72
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0.70
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3%
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Hotel Properties Ltd |
2.00
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2.03
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-1%
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Mandarin Oriental International Ltd (US$) |
1.47
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1.54
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-5%
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Pan Pacific Hotels Group Limited |
1.83
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1.84
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-1%
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Shangri-La Asia Limited (HK$)
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13.44
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14.50
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-7%
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Stamford Land Corporation Ltd |
0.55
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0.56
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-2%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
449
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448
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-
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The Ambassador Hotel, Ltd |
34.35
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36.10
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-5%
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
191,100
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192,100
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-1%
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Japan Hotel and Resort Inc |
155,600
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159,100
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-2%
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Imperial Hotel, Ltd |
1,720
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1,720
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-
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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. |
