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January 13, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Ascott Wins Management Contract In Indonesia
QNH Takes Over Two Iconic Raffles Hotels In Singapore And Paris
Hyatt Hotels Celebrates Opening Of Park Hyatt In Ningbo
Hyatt Reveals Plans To Expand In India
China's Outbound Travellers Continue To Surge In 2011
Absolute Share Price Performance, As At 13 January
Ascott Wins Management Contract In Indonesia Return to Headlines

The Ascott, CapitaLand's wholly owned serviced residence business unit, has secured a new management contract for its first Citadines property in Surabaya, Indonesia. The 288-unit Citadines Marvell Surabaya, which is scheduled to open in 2014, will form part of an integrated development named Marvell City, which will include restaurants and bars, a supermarket, a cinema and retail outlets. The development will also house commercial towers, educational institutions and MICE facilities. Citadines Marvell Surabaya will offer a range of studios, one- and two-bedroom apartments, each with a kitchen, en-suite bathroom, separate work and sleeping areas and other amenities. Facilities in the 12-storey serviced residence will include a swimming pool and residents' lounge.

QNH Takes Over Two Iconic Raffles Hotels In Singapore And Paris Return to Headlines

Qatar National Hotels Company (QNH) has taken ownership of two flagship Raffles hotels in Singapore and Paris. Raffles Hotel Singapore was the first hotel opened by the Raffles chain and is its flagship property. Named after the founder of modern Singapore, it was declared a national monument on its 100th anniversary in 1987. Shortly after, the 103-suite property saw a three-year renovation. Le Royal Monceau - Raffles Paris is the European flagship of Raffles Hotels & Resorts, being an icon in the City of Light since 1928. After two years of renovation, the hotel reopened in October 2010.

Hyatt Hotels Celebrates Opening Of Park Hyatt In Ningbo Return to Headlines

Hyatt Hotels Corporation announced the opening of Park Hyatt Ningbo Resort and Spa in the eastern coastal city of Ningbo. The hotel is the first Park Hyatt-branded resort in China, offering luxury services tailored to leisure travellers and high-end meeting groups. The 236-room property has been designed in the style of a traditional Chinese water village, with low-level buildings, simply plastered exteriors and tiled, gabled roofs. Accommodation includes ten free-standing villas ranging from 45 square metres to 237 square metres. Food and beverage facilities at the resort include a main seafood restaurant with indoor, outdoor or private pavilion dining, as well as a western restaurant and a tea house. Other offerings include a fitness pavilion with heated indoor pool, Yue Hu Spa, gym, reflexology facilities and 26-metre outdoor infinity pool with lake views, as well as 1,310 square metres of meeting space.

Hyatt Reveals Plans To Expand In India Return to Headlines
Hyatt Hotels plans to open six new hotels in India in 2012 across its Park Hyatt, Hyatt and Hyatt Place brands. Park Hyatt Hyderabad, a 209-room property with 42 serviced apartments that is scheduled to open in the first quarter, will be located on Banjara Hills. Park Hyatt Chennai, a 204-room hotel set to open by mid-year, will be situated in the capital city of the state of Tamil Nadu. Hyatt Raipur, a 104-room property set to open by the fourth quarter of this year, will be located in a new retail and office complex in the state of Chhattisgarh's capital city and commercial hub. Hyatt Place Hampi, a 116-room hotel planned to open in the third quarter, will be situated nearby the Bellary industrial district. Hyatt Place Pune, Hinjewadi, a 117-room property slated to open in the third quarter, will be located within the Rajiv Gandhi Infotech Park at Hinjewadi, a prominent software hub. Hyatt Place Bangalore, Whitefield, a 200-room hotel scheduled to open in the fourth quarter, will be part of a mixed-use development on Whitefield Road in Bangalore's IT Corridor, which houses some of the city's largest technology and real estate developers.
China's Outbound Travellers Continue To Surge In 2011 Return to Headlines
China's tourism authorities estimate that the number of Chinese tourists travelling overseas surged 20% year-on-year to 69 million in 2011. Despite a slowdown in the Chinese economy, the growth rate only dipped slightly from 20.4% in 2010. The country's tourism sector saw revenues soar by 20.8% year-on-year to RMB2.25 trillion (U$356 billion) in 2011. However, the authorities predict a slower growth of outbound tourists in 2012, citing the negative effects of the economic downshift and inflationary pressure on people's appetite for travelling. The China National Tourism Authority (CNTA) expects 77 million Chinese to travel overseas in 2012, up 12% year-on-year. Total tourism revenues will climb 14% annually to RMB2.57 trillion in 2012, with 500,000 jobs created in the sector, as the CNTA plans.
Absolute Share Price Performance, 13 January 2012
Closing Share Price as at 13 January 2012 6 January 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.88 5.60 5%
General Property Group 3.18 3.09 3%
Mirvac Group 1.29 1.25 3%
Ocean Capital Limited 0.16 0.16 -
Thakral Holdings Group 0.54 0.53 2%
Living and Leisure Australia Group 0.050 0.050 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 11.30 10.70 6%
Dusit Thani Public Co Ltd 35.75 36.75 -3%
The Erawan Group Public Co Ltd 2.38 2.38 -
Grande Asset Hotels and Property Public Co Ltd 1.20 1.20 -
Laguna Resorts & Hotel Public Co Ltd 48.25 47.50 2%
Minor International Public Co Ltd 11.40 11.50 -1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.93 16.59 2%
Beijing Capital Tourism Co Ltd 11.68 12.40 -6%
Jinling Hotel Corporation Ltd 6.56 6.48 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.10 3.99 3%
Guangzhou Dong Fang Hotel Co Ltd 6.09 5.63 8%
Shenzhen Century Plaza Hotel Co Ltd 3.64 3.42 6%
Home Inns & Hotels Management Inc 27.18 26.08 4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.15 8.12 -
Regal Hotels International Holdings Ltd 2.53 2.42 5%
Sino Hotels Holdings Ltd 2.65 2.33 14%
The Hong Kong & Shanghai Hotels Ltd 9.61 9.18 5%
Shangri-La Asia Limited 15.18 13.88 9%
kosmopolito Hotel International 1.21 1.20 1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 62.5 60.2 4%
EIH (Oberoi Hotels & Resorts) 86.0 86.1 -
Hotel Leela Ventures 32.9 31.9 3%
Korea Exchange (KRW)
The Shilla 40,900 41,350 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.32 0.30 7%
Ascott Residence Trust 1.01 0.99 2%
Banyan Tree Holdings Limited 0.60 0.60 -
CDL HTrust 1.67 1.62 3%
Hotel Grand Central Ltd 0.70 0.69 1%
Hotel Properties Ltd 1.78 1.75 2%
Mandarin Oriental International Ltd (US$) 1.50 1.48 1%
Pan Pacific Hotels Group Limited 1.86 1.87 -1%
Shangri-La Asia Limited (HK$) 15.12 12.00 26%
Stamford Land Corporation Ltd 0.55 0.54 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 388 364 6%
The Ambassador Hotel, Ltd 30.85 30.65 1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 200,400 200,800 -
Japan Hotel and Resort Inc 174,700 173,000 1%
Imperial Hotel, Ltd 1,819 1,810 -
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Michelle Hui
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Mark Keith & Daniel Voellm
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Natwar Nagar
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