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November 4, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Sheraton Set To Open Five More Hotels In China This Year
Ten New Hotels In Malaysia For Accor
Vietnam Tourism Back On Track
Singapore Airlines Unveils New Budget Airline
Marriott International To Open New Hotel In China
Absolute Share Price Performance, As At 4 November 2011
Sheraton Set To Open Five More Hotels In China This Year Return to Headlines

Starwood Hotels & Resorts Worldwide Inc has announced that its Sheraton brand will open five more hotels in China before the end of this year. In addition to these new openings, seven new Sheraton hotels and resorts debuted in the region this year in Beijing, Shanghai, Guangzhou, Chongqing, Zhenjiang, Hainan and Jinzhou. With the addition of these 12 hotels, Sheraton will grow its portfolio to 46 hotels in Greater China by year's end, moving Starwood closer to its goal of operating 100 hotels in Greater China by the end of 2012. In the next two years, nearly half of all new Starwood hotels slated to open in China will fly the Sheraton flag. This fall, Sheraton will open its first hotel in Hangzhou and Daqing, its second hotel in Xi'an and two hotels in Changzhou.

Ten New Hotels In Malaysia For Accor Return to Headlines

International hotel operator Accor has announced plans to establish ten new hotels in Malaysia as part of its robust expansion plan in the country. The ten hotels announced together with their forecast date of completion are: Pullman Kuala Lumpur, 513 rooms (2012); Pullman Port Dickson, 318 rooms (2014); Novotel Melaka, 320 rooms (2013); Novotel Klang Valley 1Gateway, 187 rooms (2013); Ibis Styles Fraser Business Park Kuala Lumpur, 500 rooms (2012); Ibis Styles Cheras, 156 rooms (2012); Ibis Styles Johor Bahru, 179 rooms (2013); Ibis Styles Kota Kinabalu Inanam, 165 rooms (2013); Ibis Styles Lahad Datu, 108 rooms (2013); and Ibis Styles Ipoh, 118 rooms (2013).

Vietnam Tourism Back On Track Return to Headlines

The Vietnamese tourism industry got back on track in October as international arrival growth recovered following a sharp drop in September. Data released by the Vietnam National Administration of Tourism showed a total of 518,477 international visitors received in October, marking a year-on-year increase of 21%. This equates to a month-on-month jump of 80% after arrivals dipped 25% in September. The October performance has restored the confidence of tourism authorities that annual arrivals will hit 5.3 million for 2011 after recording more than 4.8 million foreign visitors in the first ten months of the year.

Singapore Airlines Unveils New Budget Airline Return to Headlines
Singapore Airlines is hoping to muscle in on Asia's burgeoning no-frills travel market with a new long-haul budget carrier called 'Scoot'. The low-cost airline will begin operating in mid-2012 with four Boeing 777-200 jets flying by end-2012. Scoot plans to initially focus on destinations that are five to ten hours from its base at Singapore's Changi International Airport and fly to four or more cities in Australia and China. Scoot has mentioned that it will offer airfares up to 40% less than those of legacy carriers. The airline will offer two cabin classes, while in-flight meals, preferred seats and baggage, among other items will be available at a charge.
Marriott International To Open New Hotel In China Return to Headlines
Marriott International has announced the signing of a new hotel - the 345-room JW Marriott Hotel Shenyang. Marriott operates 56 hotels in China representing the Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Renaissance, Courtyard and Marriott Executive Apartment brands and has a pipeline of 44 confirmed hotel projects across its brand portfolio. Marriott expects to open one hotel a month in China during the next three years.
Absolute Share Price Performance, as at 4 November 2011
Closing Share Price as at 4 November 2011 28 October 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.63 5.60 1%
General Property Group 3.10 3.15 -2%
Mirvac Group 1.24 1.25 -
Ocean Capital Limited 0.17 0.15 10%
Thakral Holdings Group 0.53 0.53 1%
Living and Leisure Australia Group 0.026 0.028 -7%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 8.40 8.15 3%
Dusit Thani Public Co Ltd 33.75 33.00 2%
The Erawan Group Public Co Ltd 2.24 2.24 -
Grande Asset Hotels and Property Public Co Ltd 1.04 1.01 3%
Laguna Resorts & Hotel Public Co Ltd 47.50 48.50 -2%
Minor International Public Co Ltd 10.50 10.00 5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 19.55 19.67 -1%
Beijing Capital Tourism Co Ltd 15.81 15.34 3%
Jinling Hotel Corporation Ltd 8.37 8.20 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.19 5.14 1%
Guangzhou Dong Fang Hotel Co Ltd 9.90 9.76 1%
Shenzhen Century Plaza Hotel Co Ltd 5.79 5.63 3%
Home Inns & Hotels Management Inc 34.16 35.07 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.23 8.19 -
Regal Hotels International Holdings Ltd 2.51 2.61 -4%
Sino Hotels Holdings Ltd 2.29 2.31 -1%
The Hong Kong & Shanghai Hotels Ltd 10.54 10.18 4%
Shangri-La Asia Limited 15.62 15.68 -
kosmopolito Hotel International 1.16 1.13 3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 71.6 69.9 2%
EIH (Oberoi Hotels & Resorts) 91.9 91.2 1%
Hotel Leela Ventures 40.0 39.4 2%
Korea Exchange (KRW)
The Shilla 39,600 38,200 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.31 0.33 -6%
Ascott Residence Trust 1.04 1.07 -3%
Banyan Tree Holdings Limited 0.78 0.81 -4%
CDL HTrust 1.63 1.63 -
Hotel Grand Central Ltd 0.71 0.70 1%
Hotel Properties Ltd 2.06 2.06 -
Mandarin Oriental International Ltd (US$) 1.60 1.61 -1%
Pan Pacific Hotels Group Limited 1.90 1.91 -1%
Shangri-La Asia Limited (HK$) 14.00 15.40 -9%
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 450 461 -2%
The Ambassador Hotel, Ltd 36.90 38.05 -3%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 196,000 194,400 1%
Japan Hotel and Resort Inc 167,000 169,000 -1%
Imperial Hotel, Ltd 1,850 1,850 -
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HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
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David Ling
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