Featured in this Asia Pacific Hospitality Newsletter - Week Ending 06 August 2004
Accor to open hotel in Fiji
ITC plans new hotels
Dusit Thani Bangkok undergoes renovation
Orient Express Hotels and Pansea Hotels create new brand
The Langham Place Hotel Hong Kong announces soft opening
The new Guangzhou Baiyun International Airport opens
Sanya Marriott Resort & Spa opens

Accor to open hotel in Fiji Return to Headlines
Accor is set to manage a hotel on Denarau Island, Fiji under its Sofitel brand in mid-2005. The Sofitel Fiji Resort & Spa is owned by Richmond Ltd, a joint venture between Air Pacific, Fiji’s international airline and Colonial Fiji Life, part of the Australian Commonwealth Bank Group. The project, which was originally to be a Novotel Resort, has been upgraded to include additional Presidential and Executive Suites, larger standard room sizes, a luxurious resort spa centre, a new restaurant and bar and an extensive meetings and banquets venue. The resort will cost F$74 million to develop and will comprise 296 rooms and suites, six food & beverage outlets as well as conference and recreation facilities. Furthermore, the hotel is adjacent to the Denarau Golf & Racquet Club, which incorporates an 18-hole championship golf course and ten tennis courts.

ITC plans new hotels Return to Headlines
The Chairman of ITC, Y. C. Deveshwar, said that the company planned to set up one new hotel each in Bangalore and Chennai in the near future. A third hotel is also planned in Hyderabad. Bangalore ITC plans to construct a hotel on a plot now being used to house their own personnel. ITC links these plans to the increased flow of tourists to India and the recent improvement in business levels across all hotels in India.

Dusit Thani Bangkok undergoes renovation Return to Headlines
Dusit Thani Group is slated to invest THB650 million to renovate its flagship hotel in Bangkok. The renovation will include 250 guestrooms, the lobby and several restaurants. The project, which will be launched in sections and is expected to be completed in March 2005.

Orient Express Hotels and Pansea Hotels create new brand Return to Headlines
Orient Express Hotels and Pansea Hotels have created a new brand: Pansea Orient Express Hotels. Orient Express, which owns 40 hotels, restaurants, a tourist train, a river cruise and properties in 17 countries, is joining forces with 6 Pansea Hotels in operation or under construction in Southeast Asia. Pansea properties are located in Luang Prabang, Laos; Rangoon, Burma; Siem Reap, Cambodia; Bali, Indonesia and Koh Samui, Thailand. Pansea Hotels and developments outside of Asia (in Tunisia and the Caribbean) will remain under the Pansea brand whilst the Pansea properties in Asia will be re-branded under Pansea Orient-Express Hotels. Pansea Puri Bali under the new arrangement becomes the Jimbaran Puri Bali, Bali, Indonesia while the Pansea property in Ubud now under construction will open as the Ubud Hanging Gardens, Bali, Indonesia.

The Langham Place Hotel Hong Kong announces soft opening Return to Headlines
The Langham Place Hotel, located above the Mongkok MTR station in Hong Kong, announced its soft opening. The hotel has opened 200 guest rooms while the remaining 465 rooms, meetings and banquet facilities, swimming pool, spa and gym will open up progressively afterwards. The grand opening of the hotel is scheduled in January 2005. The hotel will be part of a mixed-use project, covering a 1.8 million sq ft development and encompassing a 300-shop mall and a 59-storey Grade A office tower.

The new Guangzhou Baiyun International Airport opens Return to Headlines
The new Guangzhou Baiyun International Airport, situated north of Guangzhou, has opened this week. The new Airport is divided into three large zones: offices, terminal and aircraft maintenance and cargo facilities. The terminal building covers an area of 350,000 square meters and will be able to accommodate more than 25 Million passengers per year by 2010. In addition, the new airport’s is designed to handle more than 1 million tons of cargo annually. North of the terminal building, an additional second passenger terminal and a third runway is planned in a second phase of development.

Sanya Marriott Resort & Spa opens Return to Headlines
Marriott International announced the opening of the Sanya Marriott Resort & Spa on Hainan Island, China. Marriott signed an agreement with Sanya Jahwa Resort Development Company, Ltd., a subsidiary of Jahwa Group to manage the property. The resort comprises 455 rooms, 3 restaurants and a poolside grill as well as recreational facilities including a health and fitness centre, three swimming pools, two tennis courts and the 18 hole Yalong Bay Golf Club. Furthermore, the resort will offer meeting facilities including an 830-square meter Grand Ballroom, five 70-square meter meeting rooms and a boardroom.

Absolute Share Price Performance, as at 06 August 2004