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Featured in this Asia Pacific Hospitality Newsletter |
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The 8th annual China Hotel Investment Conference (CHIC) - themed "China to Global - Harness the New Initiatives and Opportunities" - will be held at the Grand Hyatt Shanghai from 18 to 20 April 2012. The HVS-organised event will explore new strategies to harness business opportunities in the changing landscape of the domestic and global markets.
CHIC 2012 will feature an impressive line-up of CEO and senior industry professional speakers such as: Frits van Paasschen, President and CEO, Starwood Hotels & Resorts Worldwide; Eric Danziger, President and CEO, Wyndham Hotel Group; Jim Abrahamson, CEO, InterState Hotels & Resorts; Symon Bridle, COO, New World Hospitality; Steven Pan, Chairman, Regent Hotels & Resorts; David Sun, CEO, Home Inns; Yang Weimin, CEO, Shanghai Jin Jiang International Hotels (Group) Company Limited; Feng Jin, Chairman, Guangdong Lingnan Group; Ding Zuyu, CEO, China Real Estate Information Group; and Steve Rushmore, President and Founder, HVS Global Hospitality Services.
Topics of interest covered at the conference include: Strategic View from the Top - Building a Global Hotel Management Chain; Optimising Hotel Profitability and Asset Values; Mergers & Acquisitions; and Hospitality Brands to Navigate China's Uncharted Customer Landscape: Home-Grown or Global? (Click here to download CHIC 2012 flyers including the conference programme)
CHIC is co-hosted by China Tourism Academy, China National Tourism Administration and Beijing International Studies University.
The conference is supported by Accor, Alila Hotels & Resorts, Anantara Hotels & Resorts, Banyan Tree Hotels & Resorts, Carlson Rezidor, China Tourist Hotels Association, Cornell Nanyang Institute of Hospitality Management, ECADI, Economist Intelligence Unit, Ecotel, Ecole Hoteliere de Lausanne, FSC Architects, Frasers Hospitality, Hilton Worldwide, HK CTS, Hyatt Hotels & Resorts, IHG, InterState Hotels & Resorts, Langham Hospitality Group, Marriott International, Marco Polo Hotels, Pan Pacific Hotel Group, Starwood Hotels & Resorts, SRSS, The Brand Company, Woods Bagot and Wyndham Hotel Group.
Click here to Register for Early Bird Rate (available until 18 February 2012). Registration Hotline: +86 21 5171 7003. For more information, visit www.chinahotelconference.com.
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Carlson, a global hospitality and travel company, and The Rezidor Hotel Group, a hotel company, have announced that they have established the Carlson Rezidor Hotel Group. While the legal status and ownership structure of Carlson and Rezidor remain the same, the Carlson Rezidor Hotel Group will pursue the global alignment and management of its brands, the ambitious development of its revenue generation engines, global purchasing opportunities, and people development on a global basis, according to the company's release. Commercial activities will be conducted under the Carlson Rezidor Hotel Group name, irrespective of geographies. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, with a global footprint spanning 80 countries. The goal of this development is to generate more attractive financial returns for the owners and greater value for all shareholders, to be perceived by business partners around the world as one global hotel company, to offer more compelling and consistent value propositions to the guests, and to offer global career and development opportunities to the staff, according to Kurt Ritter, President and Chief Executive Officer of Rezidor. |
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The Hong Kong Tourism Board has confirmed that visitor arrivals to Hong Kong reached an all-time high in 2011 of 41,921,310, representing an increase of 16.4% year-on-year. Among all markets, mainland China registered the most prominent growth in overnight arrivals at 16.5%, while Taiwan also recorded a 7.5% increase. Overnight visitor arrivals rose 11.1% to 22.32 million or 53.2% of total visitor arrivals to Hong Kong. Total expenditure associated with inbound tourism for 2011 is expected to exceed HK$253 billion, up 20.5% over 2010. Meanwhile, per capita spending is expected to rise for both overnight visitors and same-day visitors by 9% to HK$7,333 and 4% to HK$1,920, respectively. |
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Promising to bring Thai hospitality to the Maldives, the new Dusit Thani Maldives resort is now confirmed to open on 6 February. This will be the first foray into the Maldives by Dusit International. The 100-villa resort features Dusit's signature Devarana Spa, elevated above a grove of coconut palm trees. The resort will include Beach Villas, offering 141 square metres of comfortable living space; Lagoon Villas with a private deck area and plunge pool, offering a combination of beach and lagoon space; 184-square-metre Ocean Villas featuring private pools and salas; and the most prestigious accommodations, the premium, two-bedroom Ocean Pavilions and Beach Residences, featuring large swimming pools and indoor and outdoor dining areas. The centrepiece of the resort is the expansive infinity swimming pool - the largest in the Maldives - at a full 750 square metres designed around an ancient banyan tree.
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Vietnam-listed Ocean Hospitality & Services Joint Stock Co is looking at listing on the Singapore Stock Exchange. Ocean Hospitality is a member of the Ocean Group which has interests in real estate, finance, securities trading and the media. Ocean Group is listed on the Ho Chi Minh City Stock Exchange. The group is planning to operate a hotel in Singapore, and is considering a major five-star hotel there. Ocean Hospitality has indicated that they are in talks with two parties in Singapore about purchasing an existing hotel. The company currently operates a total of five hotels in Vietnam and is targeting to open 20 hotels by 2015. Its hotels are under two brands - Sunrise and StarCity.
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Absolute Share Price Performance, 27 January 2012
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Closing Share Price as at |
27 January 2012
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20 January 2012
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.00
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5.90
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2%
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General Property Group |
3.07
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3.10
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-1%
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Mirvac Group |
1.23
|
1.25
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-1%
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Ocean Capital Limited |
0.15
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0.16
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-6%
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Thakral Holdings Group |
0.57
| 0.58
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-3%
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Living and Leisure Australia Group |
0.050
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0.050
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-
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
10.80
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11.20
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-4%
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Dusit Thani Public Co Ltd |
35.25
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35.00
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1%
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The Erawan Group Public Co Ltd |
2.44
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2.42
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1%
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Grande Asset Hotels and Property Public Co Ltd |
1.23
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1.27
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-3%
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Laguna Resorts & Hotel Public Co Ltd |
48.00
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48.25
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-1%
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Minor International Public Co Ltd |
11.60
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11.40
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2%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
16.62
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16.79
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-1%
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Beijing Capital Tourism Co Ltd |
11.79
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11.90
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-1%
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Jinling Hotel Corporation Ltd |
6.77
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6.85
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-1%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
4.21
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4.27
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-1%
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Guangzhou Dong Fang Hotel Co Ltd |
6.20
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6.28
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-1%
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Shenzhen Century Plaza Hotel Co Ltd |
3.76
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3.76
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-
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
29.83
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28.72
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4%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.22
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8.18
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-
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Regal Hotels International Holdings Ltd |
2.65
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2.60
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2%
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Sino Hotels Holdings Ltd |
2.25
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2.47
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-9%
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The Hong Kong & Shanghai Hotels Ltd |
10.38
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10.02
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4%
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Shangri-La Asia Limited |
16.24
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16.14
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1%
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kosmopolito Hotel International
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1.34
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1.36
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-1%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
64.8
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61.7
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5%
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EIH (Oberoi Hotels & Resorts) |
89.9
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85.6
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5%
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Hotel Leela Ventures |
35.6
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32.9
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8%
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Korea Exchange (KRW) |
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The Shilla |
43,800
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42,250
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4%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.32
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0.31
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3%
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Ascott Residence Trust |
0.99
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1.00
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-1%
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Banyan Tree Holdings Limited |
0.60
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0.60
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-
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CDL HTrust |
1.72
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1.66
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4%
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Hotel Grand Central Ltd |
0.73
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0.70
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4%
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Hotel Properties Ltd |
1.81
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1.82
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-1%
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Mandarin Oriental International Ltd (US$) |
1.60
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1.52
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5%
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Pan Pacific Hotels Group Limited |
1.88
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1.88
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-
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Shangri-La Asia Limited (HK$)
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15.92
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15.40
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3%
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Stamford Land Corporation Ltd |
0.56
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0.56
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-
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
416
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414
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0%
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The Ambassador Hotel, Ltd |
35.70
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35.00
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2%
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
198,100
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198,100
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-
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Japan Hotel and Resort Inc |
174,400
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174,200
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-
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Imperial Hotel, Ltd |
1,850
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1,800
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3%
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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
make their own independent checks to verify the information
provided. For further information, please feel free to contact
HVS Singapore. |
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