Featured in this Asia Pacific Hospitality Newsletter - Week Ending 1 September 2006
Vietnam Attracts 2.4 Million Tourists In First Eight Months Of 2006
Two New International Hotel Brands In Thailand
Novotel Opens At Bangkok's New Suvarnabhumi International Airport
Shangri-La Hotel, Tokyo To Open On 2009 As First Shangri-La Hotel In Japan
Sentosa IR Could Eclipse Atlantis Resort
Westin's First New Zealand Hotel To Open In Auckland
Absolute Share Price Performance, as at 1 September 2006


Vietnam Attracts 2.4 Million Tourists In First Eight Months Of 2006 Return to Headlines

China, South Korea, United States, Japan and Australia proved to be the major source markets for Vietnam in the first eight months of 2006 according to the latest figures from the Vietnam National Administration of Tourism (VNAT). Overall, Vietnam registered nearly 3.5 million international arrivals and 16 million domestic visitors in 2005. Hanoi received more than 780,700 international tourists in the first eight months of this year, representing a year-on-year increase of eight percent. Visitors from the Republic of Korea accounted for 18 percent of the total arrivals while those from China and Japan represented nine percent. Vietnam has budgeted worth US$1.5 billion for the tourism sector until 2010, most of which will be spent on upgrading roads leading to tourism resorts nationwide, and developing new infrastructure projects. The country hopes to welcome six million international visitors and 26 million domestic visitors by 2010 with tourism receipts reaching about US$4.5 billion.


Two New International Hotel Brands In Thailand Return to Headlines

InterContinental Hotels Group (IHG) will open its first Holiday Inn property in Pattaya at the end of 2008, while Starwood Hotels and Resorts will debut its first Luxury Collection property in Koh Samui in 2011. All 367 rooms of the Holiday Inn will have unobstructed views of the sea. Other facilities include a health club, infinity pool, spa overlooking the pool terrace, and a range of dining options. The meeting space includes a 450-seat ballroom and two function rooms. Starwood's Vana Belle Samui Resort and Spa located near to Koh Samui's popular Chaweng Beach, will have 180 rooms, including 30 standalone villas, four restaurants, meeting facilities, spa and fitness centre, business centre and a swimming pool.


Novotel Opens At Bangkok's New Suvarnabhumi International Airport Return to Headlines

The Novotel Suvarnabhumi Airport Hotel opened on 1 September 2006 in preparation for the official opening of the airport on 28 September. The airport is set to become one of the world’s most important aviation hubs, and a key hub for flights to Europe, the Middle East, the Indochina region and the rest of Asia. Initially, Suvarnabhumi Airport is expected to handle up to 45 million passengers annually, based on two parallel runways with a total capacity of 76 flights per hour. Upon full completion, it will feature four runways and passenger terminals capable of handling 100 million passenger movements a year. The modern Novotel Suvarnabhumi Airport hotel is located just a three-minute walk from the airport’s main terminal connected by a 200 metre, air-conditioned underground walkway. A direct rail link currently under construction will connect the hotel to existing transport systems, downtown Bangkok and its central business districts by early 2008. The Novotel features 612 rooms in two square-shaped five-storey buildings, covering 11 hectares. Both buildings are joined together by large glass atrium, which forms the largest hotel lobby in the world with an area of 2,800 square metres and five-stories in height.


Shangri-La Hotel, Tokyo To Open On 2009 As First Shangri-La Hotel In Japan Return to Headlines
Shangri-La International Hotel Management Ltd. has signed a lease agreement with Mori Trust Co. Ltd. to fit-out and manage the Shangri-La Hotel, Tokyo, marking the group’s Japanese debut. Scheduled to open by 1 March 2009, the Shangri-La Hotel, Tokyo will be located in the Marunouchi district, besides the Tokyo Station, with the Imperial Palace and the Nihonbashi area a 10-minutes walk away. Shangri-La Hotel, Tokyo will occupy the top 11 floors of the 37-storey Marunouchi Trust Tower’s main building while the lower floors will house offices and retail shops. The hotel’s 204 guestrooms will average 50 square metres in size, and include 24 suites. Meeting and banquet space will include 400 square metres of grand ballroom and function areas as well as a chapel for weddings and ceremonies. Shangri-La Hotel, Tokyo will provide an array of dining experiences, including a glass-ceiling all-day restaurant on the 28th floor and a specialty restaurant on the 29th floor.

Sentosa IR Could Eclipse Atlantis Resort Return to Headlines
Kerzner International, which has teamed up with CapitaLand to bid for the Sentosa integrated resort (IR), believes the development would eventually eclipse revenue from its flagship Atlantis resort in the Bahamas. The company also plans a media blitz including getting Hollywood stars and producers to film international TV programs and movies at the resort if it wins the right to develop the Sentosa resort. Given the potential of the Asian tourism market, Kerzner believes the proposed development will eventually generate more revenue than the company's Atlantis resort in the Bahamas. The Atlantis brand is best known for its integration of large-scale marine habitats and water-themed attractions with the myth of the lost city of Atlantis. In the Bahamas, Atlantis features the world's largest open-air marine environment - with more than 50,000 sea animals - which attracts 700,000 adults and children a year, with an additional 500,000 day-trip visitors. Besides its Atlantis development in the Bahamas, Kerzner operates a string of high-end luxury resorts under its One&Only brand, and plans to open a US$1.5 billion Atlantis resort in Dubai in 2008.

Westin's First New Zealand Hotel To Open In Auckland Return to Headlines
The Westin Auckland, Lighter Quay will be New Zealand's first purpose built five-star hotel and the first Westin branded hotel in the country. The new 173 room property will include nine suites, Executive Club lounge, all day dining restaurant, bar and café, 1,020 square metres of meeting space, a health club and spa. Due to open in mid 2007, The Westin Auckland will be the fourth Westin property in the Pacific region joining renowned Westin hotels in Melbourne, Sydney and the recently opened resort and spa on Denarau Island, Fiji. The new hotel is to be sited on the waterfront of Auckland's central business district destined to become the signature Lighter Quay project. The launch of The Westin Auckland Lighter Quay is the eighth Westin development announced by Starwood during 2006.

Absolute Share Price Performance, as at 1 September 2006
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