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Featured in this Asia Pacific Hospitality Newsletter |
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Thailand-based ONYX Hospitality Group is set to debut its Amari hotel brand in China with the management of a 105-key hotel in Hainan. The existing property, which is owned by the Sanya Daxing Group, will be rebranded and relaunched as the Amari Sanya Bay in the first quarter of 2012. The property is located 20 minutes from the Sanya Phoenix International Airport and will incorporate Amari's signature Thai style of service together with stunning views of Sanya Bay. The Amari Sanya Bay will comprise 11 storeys and feature facilities such as a Chinese restaurant, a Thai restaurant with two dining pavilions, a waterfront clubhouse, a spa and an outdoor swimming pool.
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With a 10.1% increase in passenger movements, or 45.1 million passenger movements, registered in the 12 months ending August 2011, Singapore's Changi Airport is well on target to exceed its annual passenger traffic record for 2011 and reach 50 million passenger movements by 2013. In 2010, Changi Airport handled a total of 42 million passengers, surpassing the 40 million mark for the first time. As a regional hub, Changi Airport has benefited from the increasing demand for air travel in Asia, resulting in this growth in passenger movement. According to figures from the Singapore Tourism Board, visitor arrivals to Singapore have risen by 16% for the 12 months ending July 2011, fuelled by the opening of the integrated resorts and Singapore's role as an international MICE destination. |
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Shangri-La Asia Limited has announced that it will open a Shangri-La hotel in eastern China in Jinan, the capital of Shandong Province, in 2015. The Shangri-La Hotel, Jinan will comprise 400 rooms and will be operated by Shangri-La Hotels and Resorts. Located 45 minutes away from the international airport and situated in the city's commercial, business and political centre, the hotel will be in the vicinity of the provincial governments and the International Convention and Exhibition Centre. The new property is set to complement the company's existing property in the province - Shangri-La Hotel, Qingdao - and Shangri-La Hotel, Qufu, which is set to open by 2012. |
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The Banyan Tree Bangkok has won yet another accolade after being voted as 'Asia's Leading City Spa Hotel' at the 18th World Travel Awards 2011 held in Bangkok. The property has won numerous awards including being recognised as the Best City Hotel by various international awards. The Banyan Tree Bangkok was featured on Condé Nast Traveller's 'The World's Best Hotels to Stay' and was voted as 'Best Hotel in Bangkok' by DestinAsian Readers' Choice Awards in 2010. Additionally, the property features the world-renowned Banyan Tree Spa, which has been ranked as one of the world's best spas and some of its awards include the 'Best Spa Operator' by Travel Trade Gazette Travel Awards Asia, which it has won for the past six years. |
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Japan has been named as the partner country for this year's ITB Asia, which will be held in Singapore from 19 to 21 October. ITB Asia will provide a strategic platform for the Japan Tourism Agency (JTA) to showcase Japan's recovery from the 11 March 2011 earthquake as well as to promote the country to over 6,000 attendees expected at the three-day trade show. Tourism is a key contributor to Japan's economy and the country contributed almost US$75.5 billion of gross bookings in the Asia Pacific travel market, which amounted to 34% of the region's total travel market. The JTA will unveil marketing and promotional initiatives, which are aimed at restoring consumer confidence and encouraging the return of travellers to Japan. |
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Hong-Kong based hotel operator, Regal Hotels International, has collaborated with management company, Poly Guizhou Hotel Management Company Limited to manage and operate the Regal Poly Guiyang Hotel. The latest addition to Regal Hotels' portfolio will feature 212 guestrooms and suites, all of which will boast a balcony and view. The addition of the Regal Poly Guiyang Hotel will bring the total number of Regal Hotels' mainland China properties to eight. Additionally, Regal Hotels currently manages and operates six hotels in Hong Kong and there are at least six hotels in the China pipeline scheduled to open in the next three years. Including hotels under development in China, Regal Hotels has more than 8,000 rooms and over 90 restaurants and bars in its portfolio. |
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The Hospitality Asset Managers Association (HAMA) has given its approval for the opening of HAMA Asia Pacific early this month and the application with the Singapore Registry of Societies (ROS) will proceed. The mission of HAMA, an organisation of professionals representing hotel ownership worldwide with a presence in 56 economies throughout Asia and Oceania, is the enhancement of hospitality asset value through education advancement of the profession and serving as the collective voice of ownership. HAMA Asia Pacific is directly affiliated to HAMA USA, which was formed in 1991, and has 175 members presently. Owners represented in HAMA have approximately 3,200 hotels and 750,000 hotel rooms. |
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Absolute Share Price Performance, as at
7 October 2011 |
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Closing Share Price as at |
7 October 2011
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30 September 2011
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.52
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5.70
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-3%
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General Property Group |
3.16
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3.14
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1%
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Mirvac Group |
1.21
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1.15
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5%
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Ocean Capital Limited |
0.14
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0.14
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-
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Thakral Holdings Group |
0.51
| 0.52
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-2%
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Living and Leisure Australia Group |
0.019
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0.020
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-5%
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
7.80
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8.05
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-3%
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Dusit Thani Public Co Ltd |
32.00
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34.00
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-6%
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The Erawan Group Public Co Ltd |
2.18
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2.26
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-4%
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Grande Asset Hotels and Property Public Co Ltd |
1.06
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1.13
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-6%
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Laguna Resorts & Hotel Public Co Ltd |
47.25
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47.00
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1%
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Minor International Public Co Ltd |
10.00
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10.30
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-3%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
18.24
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18.24
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-
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Beijing Capital Tourism Co Ltd |
15.46
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15.46
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-
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Jinling Hotel Corporation Ltd |
8.15
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8.15
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-
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
5.19
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5.19
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-
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Guangzhou Dong Fang Hotel Co Ltd |
10.20
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10.20
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-
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Shenzhen Century Plaza Hotel Co Ltd |
5.29
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5.29
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-
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
26.51
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25.77
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3%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.77
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7.70
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1%
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Regal Hotels International Holdings Ltd |
2.10
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2.18
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-4%
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Sino Hotels Holdings Ltd |
2.50
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2.50
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-
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The Hong Kong & Shanghai Hotels Ltd |
10.10
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10.72
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-6%
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Shangri-La Asia Limited |
15.48
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15.02
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3%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
68.90
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71.15
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-3%
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EIH (Oberoi Hotels & Resorts) |
86.80
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88.15
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-2%
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Hotel Leela Ventures |
36.30
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35.95
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1%
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Korea Exchange (KRW) |
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The Shilla |
32,500
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35,500
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-8%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.29
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0.29
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-
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Ascott Residence Trust |
0.95
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1.01
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-6%
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Banyan Tree Holdings Limited |
0.64
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0.57
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12%
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CDL HTrust |
1.38
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1.51
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-9%
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Hotel Grand Central Ltd |
0.68
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0.71
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-4%
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Hotel Properties Ltd |
1.91
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2.04
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-6%
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Mandarin Oriental International Ltd (US$) |
1.40
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1.38
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1%
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Pan Pacific Hotels Group Limited |
1.88
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1.95
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-4%
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Stamford Land Corporation Ltd |
0.50
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0.47
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6%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
416
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421
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-1%
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The Ambassador Hotel, Ltd |
34.80
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35.40
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-2%
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
182,100
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199,000
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-8%
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Japan Hotel and Resort Inc |
162,000
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166,100
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-2%
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Imperial Hotel, Ltd |
1,810
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1,811
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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
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