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February 24, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Top Asian Hotel Chains Strong Showing In Shanghai At CHIC 2012
Starwood To Launch Mega Hotel In Macau
MGM Resorts Brings Bellagio Brand To Shanghai
Hyatt To Launch Landmark Hotel In Bangkok
Sofitel Debuts First Hotel In India
Absolute Share Price Performance, As At 24 February
Top Asian Hotel Chains Strong Showing In Shanghai At CHIC 2012 Return to Headlines

Asia Pacific is providing hotel chains exponential opportunities for growth, within which China is one of the main focus for the business development efforts of hotel chains. According to HVS research in January 2012, among the top five hotel chains in Asia Pacific by number of rooms, Home Inns tops the list with 147,524 rooms across 174 cities in China; followed by Jin Jiang Hotels Group with 93,520 rooms; Europe-based giants, IHG and Accor, and Nasdaq-listed 7 Days Inn. Three of the five - Home Inns, Jin Jiang and 7 Days Inn - are all China homegrown hotel chains.

Notably, Home Inns and Jin Jiang Inns have adopted the merger and acquisition strategy to expand. Jin Jiang Hotels acquired a stake in Interstate Hotels & Resorts IHR in March 2010, while Home Inns successfully completed its acquisition of Motel 168 International Holdings Limited in September 2011. Is merger and acquisition a sustainable viable expansion strategy for hotel chains? At the China Hotel Investment Conference (CHIC) 2012, Yang Weimin, Chairman, Jin Jiang International Hotels (Group) Company Limited will present a case study review of its successful acquisition of InterState Hotels & Resorts; and David Sun, CEO, Home Inns will also share insights into the Motel 168 transaction. .

Among the five abovementioned hotel chains, the three China-based firms (Home Inns, Jin Jiang Hotels, 7 Days Inn) have focused largely on the economy and mid-tier segments, which gives an indication of the potential and size of this segment. The hotel chains are also taking it one step further to create organic growth by diversifying their brand portfolio. Senior decision-makers will share topics discussed in the boardroom on brand strategy and profile. CHIC 2012 welcomes Xu Shuguang, Chairman & CEO, GreenTree Inn Chain; Chen Han, CEO, Super 8 Hotel (China) Co Ltd; Christopher Zhang, Vice President, Starwood Hotels & Resorts; and other leaders from the sector to share their insights.

Within the exponentially growing market, hotel chains are pursuing the essence of a new breed of hospitality brand required for China. Join James Stuart, Founder, The Brand Company, at CHIC 2012 as he shares on topics such as: What are the critical success factors for such brands? Which are the most successful Navigator hospitality brands in China today? Where will we see such brands emerging in the future? What are the likely advantages of being global versus local, new versus established in becoming a Navigator hospitality brand in China and for Chinese travellers elsewhere?

Organised by HVS, co-hosted by China Tourism Academy and Beijing International Studies University, the 8th China Hotel Investment Conference will be held on 18 to 20 April 2012 at Grand Hyatt Shanghai. For registration and more information, please visit www.chinahotelconference.com, or call +86 21 5171 7003.

Starwood To Launch Mega Hotel In Macau Return to Headlines

Starwood Hotels & Resorts has announced the opening of a mega hotel in Macau in September 2012 under its Sheraton brand. The 3,863-room Sheraton Macau Hotel will be both the largest hotel in Macau and in Starwood's over 1,000-strong portfolio of hotels and resorts globally when it opens. Located in the centre of the Cotai Strip, the hotel forms part of Macau's newest fully integrated resort complex, Sands Cotai Central, and is just minutes from world-class shopping, dining and entertainment facilities. Set over two towers, Sheraton Macau Hotel, which features 20,000 square metres of meeting space, will be a major hub for the MICE market. Other facilities will include a spa, three swimming pools with 12,000 square metres of deck space, a fitness centre and a toddlers' play area. The hotel's food and beverage concepts will open with the signature Xin Asian seafood restaurant launching in April 2012. Other dining options include Bene Italian restaurant, Feast all-day dining restaurant, a lobby lounge, two poolside cafes and a roof lounge.

MGM Resorts Brings Bellagio Brand To Shanghai Return to Headlines

Diaoyutai MGM Hospitality, a subsidiary of Las Vegas-based casino resort operator MGM Resorts International, has signed a joint-venture deal with Suning Real Estate Group, a subsidiary of Suning Group, for the development of a 200-room hotel in Shanghai that will be branded under MGM Resorts' luxury Bellagio name. The development consisting of world-class retail and entertainment amenities will be on a prime site owned by Suning on the Shanghai Bund, according to MGM Resorts. The development is expected to be completed in 2015. At this moment, MGM Resort's joint venture with hotel company Diaoyutai State Guest House that already operates the MGM Grand Sanya resort on Hainan Island in China.

Hyatt To Launch Landmark Hotel In Bangkok Return to Headlines
Hyatt is planning to develop a new landmark hotel on the site of the former British Embassy in Bangkok. Scheduled to open in 2014, the 222-room Park Hyatt Bangkok will be housed within a modern mixed-use building designed to resemble a twisted coil. As part of the US$340 million 37-floor Central Embassy project currently under construction, the hotel will form an integral part of Bangkok's newest and most ambitious high-end luxury retail, entertainment and lifestyle venue. Park Hyatt Bangkok will feature 222 rooms, including 49 suites. Average room sizes are planned at around 50 square metres. The hotel will feature all-day dining and specialty restaurants, a lobby lounge and specialty lounge, as well as a sky bar and restaurant with magnificent views of downtown Bangkok. There will also be 15,515 square feet of meeting space and amenities including a spa, business centre, fitness room and swimming pool.
Sofitel Debuts First Hotel In India Return to Headlines
The first Sofitel hotel in India has opened at the Bandra Kurla Complex in Mumbai. The 302-room Sofitel Mumbai is located at Bandra Kurla Complex (BKC), the new financial district in Mumbai with close access to the Bandra-Worli sealink, which provides quick, multi-lane access to the south and centre of the city. The immediate area around the hotel consists of offices of many multinational corporations including BNP Paribas as well as the National Stock Exchange and the world's largest diamond trading centre, the Bharat Diamond Bourse. All hotel rooms, including 31 suites, feature Sofitel's MyBed concept, a pillow menu, custom-designed furnishings and L'Occitane and Hermès room amenities. Featuring a contemporary architectural style, the hotel's decor has been created by the Franco-Spanish designer Isabelle Miaja who combined French with Indian themes.
Absolute Share Price Performance, 24 February 2012
Closing Share Price as at 24 February 2012 17 February 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.98 6.00 -
General Property Group 3.11 3.08 1%
Mirvac Group 1.19 1.18 1%
Ocean Capital Limited 0.15 0.14 7%
Thakral Holdings Group 0.59 0.60 -2%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 11.70 11.60 1%
Dusit Thani Public Co Ltd 34.75 35.00 -1%
The Erawan Group Public Co Ltd 2.56 2.52 2%
Grande Asset Hotels and Property Public Co Ltd 1.31 1.35 -3%
Laguna Resorts & Hotel Public Co Ltd 44.75 45.00 -1%
Minor International Public Co Ltd 12.30 12.00 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.65 17.54 1%
Beijing Capital Tourism Co Ltd 14.18 13.79 3%
Jinling Hotel Corporation Ltd 7.51 7.30 3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.66 4.48 4%
Guangzhou Dong Fang Hotel Co Ltd 7.86 7.48 5%
Shenzhen Century Plaza Hotel Co Ltd 4.39 4.25 3%
Home Inns & Hotels Management Inc 30.65 31.06 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.40 8.55 -2%
Regal Hotels International Holdings Ltd 2.99 3.05 -2%
Sino Hotels Holdings Ltd 2.50 2.70 -7%
The Hong Kong & Shanghai Hotels Ltd 10.74 10.80 -1%
Shangri-La Asia Limited 18.52 18.02 3%
kosmopolito Hotel International 1.54 1.50 3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 71.7 77.0 -7%
EIH (Oberoi Hotels & Resorts) 83.5 88.2 -5%
Hotel Leela Ventures 36.8 35.8 3%
Korea Exchange (KRW)
The Shilla 44,900 43,150 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.37 0.34 9%
Ascott Residence Trust 1.06 1.03 3%
Banyan Tree Holdings Limited 0.63 0.65 -3%
CDL HTrust 1.72 1.71 1%
Hotel Grand Central Ltd 0.76 0.76 -
Hotel Properties Ltd 1.89 1.91 -1%
Mandarin Oriental International Ltd (US$) 1.70 1.66 2%
Pan Pacific Hotels Group Limited 1.85 1.83 1%
Shangri-La Asia Limited (HK$) 18.14 17.78 2%
Stamford Land Corporation Ltd 0.53 0.54 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 450 441 2%
The Ambassador Hotel, Ltd 39.80 36.60 9%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 216,100 204,300 6%
Japan Hotel and Resort Inc 193,600 186,600 4%
Imperial Hotel, Ltd 2,000 1,944 3%
Return to Headlines
HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Natwar Nagar
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
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