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January 6, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Visitor Arrivals To Singapore Rise 15% In Q3 2011
Maldives Spa Closures Overturned
IHG To Create A New Brand For China In Six Months
Accor To Open Three New Hotels In South Korea
Dusit To Debut In The Maldives
Absolute Share Price Performance, As At 6 January
Visitor Arrivals To Singapore Rise 15% In Q3 2011 Return to Headlines

Singapore's international visitor arrivals for the third quarter of 2011 stood at close to 3.5 million, representing a 15% year-on-year growth. Tourism receipts in the third quarter were S$6 billion, up 12%. Visitors from India generated the biggest increase in tourism receipts in the quarter, up 41%. Gazetted hotel room revenue in the quarter rose 18% to S$700 million. July 2011 posted a record high ADR as arrivals reached an all time peak, while September 2011 registered the highest RevPAR ever recorded. Average room rate was S$251 in the quarter, up 11%, with the upscale tier recording the biggest room rate percentage increase. Average occupancy rate reached 88% in the quarter and RevPAR for the quarter jumped 16% to S$222. In the first nine months of the year, Indonesia, China, Malaysia, Australia and India were the top five international visitor generating markets, accounting for 54% of total arrivals. China and the Philippines registered the highest percentage growth, up 39% and 30%, respectively. Tourism receipts for the first nine months of the year were up 22% to S$17 billion.

Maldives Spa Closures Overturned Return to Headlines

The Maldives has overturned a decision made last week to shut down all spas and health centres in resorts, President Mohamed Nasheed has declared. The country's Supreme Court will be making the decision on the constitutionality of the ban, which also includes the sale of alcohol and pork. The president said that he had ordered the ban in response to calls by the main opposition party, which claimed the spas were fronts for prostitution and led to the spread of drugs and alcohol to locals in the mainly Sunni Muslim nation. The Maldives Association of Tourism Industry complained that the ban would harm the economy. It appealed for a resolution of the issue.

IHG To Create A New Brand For China In Six Months Return to Headlines

InterContinental Hotels Group (IHG) is planning to add a new upper mid-scale hotel brand in China, one of its most promising emerging markets, by year-end and eventually export the brand across Asia Pacific. IHG chief executive Andrew Cosslett announced that the brand, which remains unnamed, will be positioned between the company's current upscale Crowne Plaza and its luxury InterContinental. The group plans to more than double the size of its operations in the key burgeoning markets of China, India and the Middle East over the next few years, capitalising on ever increasing traveller numbers and global economic trends, boosted by increased life expectancy, popularity of low-cost carriers and internet access.

Accor To Open Three New Hotels In South Korea Return to Headlines
Accor has recently signed agreements to open three additional franchises in Korea. Scheduled to open in late February, Mercure Ambassador Gangnam will offer 288 guestrooms with a restaurant and bar, five meeting rooms and a spa to meet the demands of business travellers as well as tourists. Ibis Ambassador Insadong is scheduled to open in May 2013 with 360 guestrooms. Located within Insadong's cultural town, the fifth Ibis property in Korea expects strong demand from foreign visitors. Lastly, Novotel Ambassador Seongbuk is slated to open by 2015, within a complex featuring a shopping centre, theatres and more. The hotel will feature around 300 guestrooms. Starting with the new agreements, the Accor Ambassador Hotel plans to operate 20 hotels by 2015.
Dusit To Debut In The Maldives Return to Headlines
Set to open in January, Dusit Thani Maldives promises to bring Thai hospitality to the Maldives. This will be the first foray into the Maldives by Dusit International, which was founded in Bangkok in 1949 and is now a major luxury hotelier in Thailand and elsewhere. Located on Mudhdhoo Island in Baa Atoll, the resort is 35 minutes by seaplane from the capital Malé. The resort boasts 100 villas and residences of varying sizes, all finished with modern amenities. Food and beverage options include three restaurants and two bars offering international cuisine and Thai specialities, as well as grilled local seafood. Other facilities on offer include Dusit's trademark Devarana Spa, a saltwater infinity pool, fitness centre, children's play area and club facility, library, internet workstations and a selection of boutiques.
Absolute Share Price Performance, 6 January 2012
Closing Share Price as at 6 January 2012 30 December 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.60 5.65 -1%
General Property Group 3.09 3.05 1%
Mirvac Group 1.25 1.18 6%
Ocean Capital Limited 0.16 0.16 -
Thakral Holdings Group 0.53 0.56 -5%
Living and Leisure Australia Group 0.050 0.050 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.70 10.00 7%
Dusit Thani Public Co Ltd 36.75 36.50 1%
The Erawan Group Public Co Ltd 2.38 2.34 2%
Grande Asset Hotels and Property Public Co Ltd 1.20 1.14 5%
Laguna Resorts & Hotel Public Co Ltd 47.50 47.75 -1%
Minor International Public Co Ltd 11.50 11.20 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.59 17.34 -4%
Beijing Capital Tourism Co Ltd 12.40 12.58 -1%
Jinling Hotel Corporation Ltd 6.48 6.50 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 3.99 4.13 -3%
Guangzhou Dong Fang Hotel Co Ltd 5.63 6.09 -8%
Shenzhen Century Plaza Hotel Co Ltd 3.42 3.62 -6%
Home Inns & Hotels Management Inc 26.08 25.80 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.12 8.14 -
Regal Hotels International Holdings Ltd 2.42 2.35 3%
Sino Hotels Holdings Ltd 2.33 2.31 1%
The Hong Kong & Shanghai Hotels Ltd 9.18 8.60 7%
Shangri-La Asia Limited 13.88 13.40 4%
kosmopolito Hotel International 1.20 1.19 1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 54.2 55.8 -3%
EIH (Oberoi Hotels & Resorts) 84.0 83.5 1%
Hotel Leela Ventures 30.6 31.4 -2%
Korea Exchange (KRW)
The Shilla 41,350 38,500 7%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.30 0.30 -
Ascott Residence Trust 0.99 0.99 0%
Banyan Tree Holdings Limited 0.60 0.60 0%
CDL HTrust 1.62 1.54 5%
Hotel Grand Central Ltd 0.69 0.69 -
Hotel Properties Ltd 1.75 1.74 1%
Mandarin Oriental International Ltd (US$) 1.48 1.50 -1%
Pan Pacific Hotels Group Limited 1.87 1.85 1%
Shangri-La Asia Limited (HK$) 12.00 13.00 -8%
Stamford Land Corporation Ltd 0.54 0.56 -4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 364 392 -7%
The Ambassador Hotel, Ltd 30.65 31.20 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 200,800 192,000 5%
Japan Hotel and Resort Inc 173,000 172,200 -
Imperial Hotel, Ltd 1,810 1,810 -
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HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
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Natwar Nagar
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Adeline Phua
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