HVS Website
October 14, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Westin To Debut In Xi'an
Japan Tourism Expected To Increase
Accor Strengthens Position In Asia Pacific
Hyatt Place And Hyatt House To Be Launched In Asia
MGM Hospitality To Develop Hotels In Mumbai
CTC Tourism Holdings Buys Park Regis Singapore
Absolute Share Price Performance, As At 14 October 2011
Westin To Debut In Xi'an Return to Headlines

Starwood Hotels and Resorts is set to debut its Westin brand in the city of Xi'an, in Shaanxi Province, China by December 2011. The Westin Xian will feature a mix of 329 hotel rooms and 32 one- and two-bedroom apartments. The hotel will be located in the Qujiang Tourism district, which was once the site of the Tang Dynasty's Royal Summer Garden, and directly opposite the Big Wild Goose Pagoda. The hotel will feature a variety of restaurants, a WestinWORKOUT Gym and Heavenly Spa by Westin, and its own museum, which will house more than 2,000 artefacts.

Japan Tourism Expected To Increase Return to Headlines

According to the recent Visa Global Travel Intentions Survey 2011, Japan still remains as a key destination for international travellers, even after the March 2011 tsunami that devastated part of the country. Out of 11,620 respondents polled, 16% are likely to travel to Japan for leisure purposes in the next two years, making Japan the third most popular destination among the respondents, after the United States and the United Kingdom which were ranked first and second, respectively. Latest statistics from the Japan National Tourism Organisation have shown that Japan's tourism is headed towards a strong recovery.

Accor Strengthens Position In Asia Pacific Return to Headlines

With the opening of new properties, new management contracts and development pipeline with over 200 properties, Accor Hotels has greatly strengthened its position in the Asia Pacific region throughout the year. Accor's strong performance in the region has been driven by demand from both the business and leisure segments, and Accor has opened at least 40 hotels this year so far in countries such as China, Thailand, Indonesia and India. Currently, Accor is the largest operator of hotels in Asia Pacific, with a network of over 450 hotels in operation.

Hyatt Place And Hyatt House To Be Launched In Asia Return to Headlines
Hyatt Hotel Corporation has announced that it will launch its Hyatt Place and Hyatt House brands in Asia. Two Hyatt Place hotels and one Hyatt House hotel will debut in Shanghai. The 77-key Hyatt House Shanghai Jiading and the 210-key Hyatt Place Shanghai Jiading are expected to open in 2014, and will be located in Shanghai's Jiading New Town, while the 150-key Hyatt Place Shanghai Xinjiangwan will be located in Yangpu District in the Xinjiangwan suburbs and is expected to open in early 2015. Hyatt Hotel Corporation has also signed management agreements for eight additional full-service hotels in China, which will include three Grand Hyatt hotels and five Hyatt Regency Hotels.
MGM Hospitality To Develop Hotels In Mumbai Return to Headlines
MGM Hospitality, a subsidiary of MGM Resorts International, is set to develop and operate a Bellagio hotel, an MGM Grand hotel and a Skylofts hotel, which will be part of a mixed-use development complex called Maker Maxity in Mumbai, India. Maker Maxity is a 20-acre complex located in Mumbai's new Central Business District and in the vicinity of the city's new International Finance Centre. Offering facilities and venues that are synonymous with MGM Resorts' brands, Maker Maxity is set to become Mumbai's go-to venue for social and business activities.
CTC Tourism Holdings Buys Park Regis Singapore Return to Headlines
CTC Tourism Holdings, the owner of travel agency, CTC Travel, has signed a deal to buy the Park Regis Singapore for S$270 million. The property, which is located at the junction of New Market Street and Merchant Road, comprises a 203-room hotel and seven-storey office block, with 42,000 square feet of net lettable area. With this deal, CTC Tourism Holdings will buy the entire equity of Park Regis Investments Pte Ltd, which is the current owner of the hotel and office tower. The Park Regis Singapore will continue to be managed by Australia-based Stay Well Hospitality Group.
Absolute Share Price Performance, as at 14 October 2011
Closing Share Price as at 14 October 2011 7 October 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.60 5.52 1%
General Property Group 3.13 3.16 -1%
Mirvac Group 1.23 1.21 2%
Ocean Capital Limited 0.15 0.14 7%
Thakral Holdings Group 0.51 0.51 -
Living and Leisure Australia Group 0.019 0.019 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 8.05 7.80 3%
Dusit Thani Public Co Ltd 33.75 32.00 5%
The Erawan Group Public Co Ltd 2.28 2.18 5%
Grande Asset Hotels and Property Public Co Ltd 1.05 1.06 -1%
Laguna Resorts & Hotel Public Co Ltd 48.00 47.25 2%
Minor International Public Co Ltd 10.20 10.00 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 18.80 18.24 3%
Beijing Capital Tourism Co Ltd 15.98 15.46 3%
Jinling Hotel Corporation Ltd 8.15 8.15 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.23 5.19 1%
Guangzhou Dong Fang Hotel Co Ltd 10.20 10.20 -
Shenzhen Century Plaza Hotel Co Ltd 5.72 5.29 8%
Home Inns & Hotels Management Inc 30.86 26.51 16%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.00 7.77 3%
Regal Hotels International Holdings Ltd 2.40 2.10 14%
Sino Hotels Holdings Ltd 2.50 2.50 -
The Hong Kong & Shanghai Hotels Ltd 10.56 10.10 5%
Shangri-La Asia Limited 14.46 15.48 -7%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 68.50 69.00 -1%
EIH (Oberoi Hotels & Resorts) 88.30 86.50 2%
Hotel Leela Ventures 39.00 36.20 8%
Korea Exchange (KRW)
The Shilla 37,350 32,500 15%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.31 0.29 7%
Ascott Residence Trust 1.00 0.95 5%
Banyan Tree Holdings Limited 0.75 0.64 17%
CDL HTrust 1.49 1.38 8%
Hotel Grand Central Ltd 0.69 0.68 1%
Hotel Properties Ltd 1.98 1.91 4%
Mandarin Oriental International Ltd (US$) 1.51 1.40 8%
Pan Pacific Hotels Group Limited 1.86 1.88 -1%
Stamford Land Corporation Ltd 0.56 0.50 12%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 431 416 4%
The Ambassador Hotel, Ltd 34.80 34.80 -
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 188,000 182,100 3%
Japan Hotel and Resort Inc 161,000 162,000 -1%
Imperial Hotel, Ltd 1,831 1,810 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