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January 20, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
EIU's View On The Financial Crisis In Europe And Its Impact On China
Hotel Nikko Jakarta Renamed Pullman Jakarta Indonesia
Lemon Tree Hotels Unveils Premium Lemon Tree Premier Brand
Marriott To Open Two New Edition Hotels
Hong Kong Plans To Open 49 Hotels By 2016
Absolute Share Price Performance, As At 20 January
EIU's View On The Financial Crisis In Europe And Its Impact On China Return to Headlines

The Economist Intelligence Unit (EIU) Chief Economist, Robin Bew, will deliver his views on the implication and effect of the economic turbulence in Europe on China. Bew will speak at the eighth annual China Hotel Investment Conference (CHIC) organised by HVS in April 2012 at the Grand Hyatt in Shanghai, China.

Bew's address is expected to cover pertinent points on the minds of investors, lenders and developers, such as how the structural issues of insolvency, idleness, inflation and instability will weigh on global growth over the coming decade, whether the euro zone can survive in its present form, and what the growth outlook is for Europe in the light of the crisis. Other points include to what extent the US economy is being affected and how policymakers will respond, whether China can achieve the much-talked about soft landing and what the long-term prospects hold.

As the long-standing Chief Economist and Editorial Director of EIU, Bew is responsible for the formulation of the EIU's overarching view on the outlook for the global economy and responsible for all editorial operations across the company worldwide, driving the intellectual debate within the business. EIU is an independent business within The Economist Group. Through research and analysis, EIU offers forecasting and advisory services to help business leaders prepare for opportunity, empowering them to act with confidence when making strategic decisions.

The HVS-organised CHIC is an annual networking conference which brings together over 700 of the top minds in the international hospitality, real estate investment and finance community. The most influential conference is co-hosted together with China Tourism Academy, the research think-tank of China National Tourism Administration, and Beijing International Studies University for the eighth year running. CHIC 2012 will be held at the Grand Hyatt Shanghai from 18 to 20 April 2012. To register for the conference or obtain more information, visit www.chinahotelconference.com or contact HVS Shanghai chic@hvs.com +86 21 5171 7002.

Hotel Nikko Jakarta Renamed Pullman Jakarta Indonesia Return to Headlines

Accor has officially taken over Hotel Nikko Jakarta and renamed it Pullman Jakarta Indonesia. This will be Pullman's third hotel in Indonesia after opening the first in Bali in February last year and the Pullman Jakarta Central Park in November. Located in the heart of Jakarta's financial, entertainment and shopping district, Pullman Jakarta Indonesia has 427 guestrooms and suites in two wings - Pullman Tower and Executive Tower, offering panoramic views of the city. The hotel is located opposite Plaza Indonesia and within walking distance of the Grand Indonesia malls and many of the city's commercial buildings. The hotel's guestrooms, lobby, restaurants and ballroom are undergoing major refurbishment work in batches. New event facilities expected to host up to 1,000 guests for meetings, conventions and other major events are being added. The refurbishment exercise is expected to complete in mid-2013.

Lemon Tree Hotels Unveils Premium Lemon Tree Premier Brand Return to Headlines

India-based Lemon Tree Hotels has unveiled its premium brand of hotels, Lemon Tree Premier. The new brand will offer premier services such as luxury airport transfers, deluxe room amenities, a higher number of premium rooms, specialty restaurants, iMac terminals in business centres, banquet and meeting facilities, as well as spas and fitness centres. The new brand was launched with a portfolio of three properties in Bengaluru, Gurgaon and Hyderabad, totalling 500 rooms. With projects underway in New Delhi, Mumbai, Gurgaon and Pune, Lemon Tree Premier will have an inventory of over 1,500 rooms in the next three years.

Marriott To Open Two New Edition Hotels Return to Headlines
Marriott International has announced plans for two new Edition hotels that will be developed in Bangkok and Abu Dhabi. The Bangkok property will be part of a mixed-use development planned for one of the tallest buildings in Bangkok. The Abu Dhabi Edition will be part of the Al Bateen Harbor complex within the Abu Dhabi Marina by Bloom Properties, an Abu Dhabi real estate company. Marriott is also planning to debut three new Edition hotels in Gurgaon (India), Los Angeles and New York.
Hong Kong Plans To Open 49 Hotels By 2016 Return to Headlines
Hong Kong will have another 49 hotels or 9,000 additional rooms in four years. However, the supply may still be insufficient, with the tourism chief suggesting the renovation of industrial buildings to keep pace with visitor growth. According to the Secretary for Commerce and Economic Development, the city is expected to have 238 hotels by 2016, 49 more than at present, with 16 of them coming on line this year. The number of hotel rooms is also expected to climb to 71,340 by that time - 9,000 more than at present. However, the tourism commissioner has hinted that this may still be insufficient although it would be difficult to plan ahead since the government only releases land for hotel use on a year-to-year basis in line with tourism growth. According to the Hong Kong Tourism Board, a record 42 million tourists visited the city last year, up 16.5% from 2010, with mainlanders accounting for 67% of the tourist arrivals. Tourist arrivals are anticipated to grow another 5.5% in 2012.
Absolute Share Price Performance, 20 January 2012
Closing Share Price as at 20 January 2012 13 January 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.90 5.88 -
General Property Group 3.10 3.18 -3%
Mirvac Group 1.25 1.29 -3%
Ocean Capital Limited 0.16 0.16 -
Thakral Holdings Group 0.58 0.54 7%
Living and Leisure Australia Group 0.005 0.050 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 11.20 11.30 -1%
Dusit Thani Public Co Ltd 35.00 35.75 -2%
The Erawan Group Public Co Ltd 2.42 2.38 2%
Grande Asset Hotels and Property Public Co Ltd 1.27 1.20 6%
Laguna Resorts & Hotel Public Co Ltd 48.25 48.25 -
Minor International Public Co Ltd 11.40 11.40 -
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.79 16.93 -1%
Beijing Capital Tourism Co Ltd 11.90 11.68 2%
Jinling Hotel Corporation Ltd 6.85 6.56 4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.27 4.10 4%
Guangzhou Dong Fang Hotel Co Ltd 6.28 6.09 3%
Shenzhen Century Plaza Hotel Co Ltd 3.76 3.64 3%
Home Inns & Hotels Management Inc 28.72 27.18 6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.18 8.15 -
Regal Hotels International Holdings Ltd 2.60 2.53 3%
Sino Hotels Holdings Ltd 2.47 2.65 -7%
The Hong Kong & Shanghai Hotels Ltd 10.02 9.61 4%
Shangri-La Asia Limited 16.14 15.18 6%
kosmopolito Hotel International 1.36 1.21 12%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 61.7 62.8 -2%
EIH (Oberoi Hotels & Resorts) 85.6 85.5 -
Hotel Leela Ventures 32.9 34.1 -3%
Korea Exchange (KRW)
The Shilla 42,250 40,900 3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.31 0.32 -3%
Ascott Residence Trust 1.00 1.01 -1%
Banyan Tree Holdings Limited 0.60 0.60 -
CDL HTrust 1.66 1.67 -1%
Hotel Grand Central Ltd 0.70 0.70 -
Hotel Properties Ltd 1.82 1.78 2%
Mandarin Oriental International Ltd (US$) 1.52 1.50 1%
Pan Pacific Hotels Group Limited 1.88 1.86 1%
Shangri-La Asia Limited (HK$) 15.40 15.12 2%
Stamford Land Corporation Ltd 0.56 0.55 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 414 388 7%
The Ambassador Hotel, Ltd 35.00 30.85 13%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 198,100 200,400 -1%
Japan Hotel and Resort Inc 174,200 174,700 -
Imperial Hotel, Ltd 1,800 1,819 -1%
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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