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February 10, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Starwood Unveils The St. Regis Saadiyat Island Resort, Abu Dhabi
Japan Targets 18 Million Arrivals By 2016
Luxury Collection To Debut In Australia
Genting Group To Build Second Integrated Gaming Resort In Vietnam
Two New Hotels Open At Resorts World Sentosa
Absolute Share Price Performance, As At 10 February
 
Starwood Unveils The St. Regis Saadiyat Island Resort, Abu Dhabi Return to Headlines

Starwood Hotels & Resorts has unveiled The St. Regis Saadiyat Island Resort, Abu Dhabi as the St. Regis brand continues its dynamic global growth and nearly triples its portfolio in just five years. This opening marks the first of three St. Regis hotels aimed to debut this year in the Middle East, including The St. Regis Abu Dhabi situated on the Corniche and The St. Regis Doha in Qatar. The hotel features 377 guestrooms and suites, 33 St. Regis branded villas, 259 St. Regis branded residences and a high-end retail and entertainment complex named The Collection which will become fully operational in stages throughout 2012. The hotel features the signature St. Regis Butler Service and all the other hallmark St. Regis amenities including the exclusive Iridium Spa, Athletic Club and Children's Club.

Japan Targets 18 Million Arrivals By 2016 Return to Headlines

Japan will address the rebuilding of its tourism reputation in its next five-year plan and aims to achieve 18 million arrivals by 2016 according to the tourism authorities. The number of foreign visitors to the country, which hit a record high of 8.61 million in 2010, is estimated to have dropped to 6.22 million last year following the 11 March earthquake, tsunami and the ensuing nuclear crisis. The new tourism promotion plan again sets a target of JPY30 trillion in spending by travellers to the country and 18 million Japanese travellers abroad. Of the JPY30 trillion, the plan calls for JPY18 trillion spent by Japanese domestic travellers on overnight stays, JPY6.5 trillion spent by Japanese making day trips, and JPY3 trillion in spending by foreign tourists. To boost the number of Japanese travellers abroad, the government will also conduct campaigns that focus especially on encouraging young Japanese to take trips abroad.

 
Luxury Collection To Debut In Australia Return to Headlines

Starwood Hotels & Resorts has signed an agreement to open its first Luxury Collection properties in Australia. In a deal with Lilianfels Hotel Blue Mountains and Echoes Hotel Blue Mountains, the US hotel giant will rebrand the two resorts, located in the Blue Mountains, New South Wales. From 13 February 2012, the two hotels will be rebranded as Lilianfels and Echoes, respectively. Located on the bluff of the Three Sisters World Heritage area, Lilianfels is the former residence of New South Wales' Chief of Justice, Sir Frederick Darley. The resort features 85 rooms and suites, 235 square metres of meeting space, two restaurants, an outdoor swimming pool, an indoor heated pool, a floodlit tennis court and a spa. Adjacent to Lilianfels, Echoes was a former retreat for renowned Australian writer Thomas Keneally. Perched at the edge of the Jamison Valley at Echo Point, the resort features 14 rooms and suites with views of the National Park. Facilities include Echoes Restaurant, a spa and sauna.

 
Genting Group To Build Second Integrated Gaming Resort In Vietnam Return to Headlines
Asian hospitality giant Genting Group is looking to invest in its second integrated gaming and resort complex in Vietnam, in northern Quang Ninh Province. According to the source cited from Quang Ninh Economic Zone Management Authority, the Malaysian group signed a memorandum of understanding with Quang Ninh Province for studying the feasibility of developing a large integrated gaming and resort complex in the local Van Don Economic Zone. Under government requirements, total investment capital for this project should not be less than US$4 billion. Genting, through a joint venture with VinaCapital, obtained an investment certificate for the building of a US$4 billion integrated gaming and resort complex in central Quang Nam Province in 2009. The 1,555-hectare project comprises five-star hotels, resorts and villas along with a casino for foreigners and a maximum of 2,500 houses for sale or rent.
 
Two New Hotels Open At Resorts World Sentosa Return to Headlines
Resorts World Sentosa celebrated the opening of two hotels on 16 February, bringing the total number of hotels at the integrated resort (IR) to six. The Equarius Hotel and Beach Villas will complement the Sentosa IR's Crockfords Tower, Hotel Michael, Hard Rock Hotel Singapore and Festive Hotel by adding resort-style luxury offerings. The seven-storey Equarius Hotel has 172 rooms, comprising 136 deluxe rooms, 30 garden rooms and six suites. Beach Villas consists of 22 units with one- to four-bedroom options. Nestled in nature amidst Sentosa's lush tropical rainforest and flanked by stunning views of Keppel Bay and Labrador Park, the hotels hope to attract local and overseas vacationers with the ultimate luxury resort living experience.
 
Absolute Share Price Performance, 10 February 2012
 
Closing Share Price as at 10 February 2012 3 February 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.05 6.00 1%
General Property Group 3.05 3.00 2%
Mirvac Group 1.22 1.22 -
Ocean Capital Limited 0.14 0.14 -
Thakral Holdings Group 0.58 0.58 -
Living and Leisure Australia Group 0.051 0.050 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 11.50 11.30 2%
Dusit Thani Public Co Ltd 35.25 35.25 -
The Erawan Group Public Co Ltd 2.64 2.56 3%
Grande Asset Hotels and Property Public Co Ltd 1.29 1.25 3%
Laguna Resorts & Hotel Public Co Ltd 48.50 48.75 -1%
Minor International Public Co Ltd 11.70 11.80 -1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.34 16.91 3%
Beijing Capital Tourism Co Ltd 12.66 12.24 3%
Jinling Hotel Corporation Ltd 7.04 6.94 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.36 4.33 1%
Guangzhou Dong Fang Hotel Co Ltd 6.63 6.52 2%
Shenzhen Century Plaza Hotel Co Ltd 4.04 3.94 3%
NASDAQ (US$)
Home Inns & Hotels Management Inc 31.06 29.77 4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.25 8.25 -
Regal Hotels International Holdings Ltd 2.86 2.70 6%
Sino Hotels Holdings Ltd 2.43 2.40 1%
The Hong Kong & Shanghai Hotels Ltd 10.52 10.66 -1%
Shangri-La Asia Limited 17.26 16.02 8%
kosmopolito Hotel International 1.46 1.32 11%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 73.5 70.6 4%
EIH (Oberoi Hotels & Resorts) 89.6 90.6 -1%
Hotel Leela Ventures 37.1 34.7 7%
Korea Exchange (KRW)
The Shilla 43,500 44,800 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.34 0.33 3%
Ascott Residence Trust 1.02 1.00 2%
Banyan Tree Holdings Limited 0.64 0.61 5%
CDL HTrust 1.67 1.66 1%
Hotel Grand Central Ltd 0.75 0.74 1%
Hotel Properties Ltd 1.95 1.91 2%
Mandarin Oriental International Ltd (US$) 1.75 1.67 5%
Pan Pacific Hotels Group Limited 1.81 1.84 -2%
Shangri-La Asia Limited (HK$) 16.68 15.80 6%
Stamford Land Corporation Ltd 0.55 0.56 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 457 443 3%
The Ambassador Hotel, Ltd 38.10 36.25 5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 200,600 199,100 1%
Japan Hotel and Resort Inc 177,700 175,800 1%
Imperial Hotel, Ltd 1,875 1,900 -1%
 
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David Ling
 
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