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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 15
August 2008 |
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| As
part of its growth strategy for China, HVS is seeking suitable
candidates with relevant experience in valuation, consultancy
and investment advisory to join its professional practice in
Beijing. |
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| According
to David Ling, Managing Director responsible for the East Asia
markets, ‘Growth in the China tourism and hotel industries
has been phenomenal in recent years and the long-term outlook
is most promising. In 2007, international arrivals grew to 132
million visitors, while domestic tourism reached a record high
of 1.6 billion, and the market is expected to continue to expand
in 2008 and beyond. HVS has established a significant presence
in Greater China through its current offices in Shanghai and
Hong Kong, and we would like to further enhance our operations
in Beijing’. |
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| Excellent
career development opportunities will be given to the selected
candidates. If you would like to be considered, please submit
your resume to [email protected].
For more information on HVS, please visit www.hvs.com. |
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| HVS
Executive Search, New Delhi is pleased to present a study of
the salaries at hotels across India. The reports include data
from 150 hotels covering 100 positions. |
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| For
further information and to purchase a copy, please contact Siddharth
Choudhry at [email protected]. |
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| In
view of the increasing women business travellers in recent years,
hotels in India are moving towards international trends to sensitise
services to cater to the women travellers’ specific needs.
Some of these specialised services include exclusive wings and
separate floors for female guests, food menu offering special
health-oriented delicacies with low calorie options and ladies-only
lounge. For instance, India’s ITC hotel chain has Eva
Floors which are dedicated to women guests with standardised
facilities and the Taj Mahal Hotel in New Delhi has a separate
ladies’ wing served by female butlers or chauffeurs who
assist guests while shopping or travelling in the city. |
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| Pan
Pacific Hotels and Resorts has announced the opening of Pan
Pacific Serviced Suites Bangkok in 2009. Owned by the approximately
US$1.8 billion Asian Real Estate Income Fund, a Pacific Star
fund, the eight-storey Pan Pacific Serviced Suites Bangkok is
located within Eight Thonglor, a 72,693-square-metre mixed-use
development which comprises a 34-storey apartment tower, Eight
Thonglor Residences, and a shopping centre. The hotel features
148 suites, including 27 Executive Suites, 74 One-Bedroom Suites
and 47 Two-Bedroom Suites, a fitness centre, a swimming pool
and the Pacific Lounge among other facilities. |
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| Langham
Hotels International (Langham), the five-star hospitality subsidiary
of developer Great Eagles Holdings, is expecting to have eight
hotels under development in China over the next six months.
These developments form part of the regional plan to add at
least 20 hotels across India, Thailand and the Middle East,
on top of China, within five years at a total investment amounting
to US$1 billion. Langham has also announced that it will replicate
its business model of combining hotels with commercial or residential
components in these developments. Analysts are predicting a
separate public listing of Langham as a result of its expansion
plans in the pipeline; however, this was not confirmed by Langham. |
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| Cambodia’s
Sokimex Group has started construction of a five-star hotel
in Phnom Penh, Cambodia. The 799-key hotel, which is expected
to cost approximately US$100 million, is likely to feature two
conference halls and ten ballrooms. It is expected to commence
operations in late 2010 and will be the third five-star hotel
in Phnom Penh. The number of international arrivals to Cambodia
during the first six months of 2008 increased by 13% to 1.1
million arrivals, as compared the same period in 2007. Cambodia
is targeting 2.5 million international arrivals for 2008. |
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Absolute Share Price Performance, as at
15 August 2008
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Closing Share Price as at |
August
15 2008 |
August
8 2008 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.40 |
4.25 |
4% |
| General
Property Group |
1.72 |
1.71 |
1% |
| Mirvac
Group |
2.76 |
2.81 |
-2% |
| Ocean
Capital Limited |
0.40 |
0.40 |
– |
| Thakral
Holdings Group |
0.78 |
0.80 |
-3% |
| Living
and Leisure Australia Group |
0.05 |
0.05 |
-13% |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
4.90 |
4.98 |
-2% |
| Dusit
Thani Public Co Ltd |
37.75 |
36.25 |
4% |
| The
Erawan Group Public Limited |
3.40 |
3.40 |
– |
| Grande
Asset Development |
3.02 |
3.02 |
– |
| Laguna
Resorts & Hotel Public Co Ltd |
41.00 |
41.00 |
– |
| Minor
International PCL |
14.20 |
13.30 |
7% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
10.26 |
10.08 |
2% |
| Regal
Hotels International Holdings Ltd |
0.34 |
0.35 |
-4% |
| Sino
Hotels Holdings Ltd |
3.60 |
3.59 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
11.00 |
11.34 |
-3% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.39 |
0.46 |
-15% |
| ART
Management Pte Ltd |
1.01 |
1.03 |
-2% |
| Banyan
Tree Holdings Limited |
1.18 |
1.21 |
-2% |
| CDL
HTrust |
1.16 |
1.37 |
-15% |
| Hotel
Grand Central Ltd |
0.83 |
0.86 |
-3% |
| Hotel
Plaza Ltd |
1.51 |
1.55 |
-3% |
| Hotel
Properties Ltd |
2.09 |
2.05 |
2% |
| Mandarin
Oriental International Ltd (US$) |
1.62 |
1.71 |
-5% |
| Shangri-La
Asia Ltd |
17.00 |
16.10 |
6% |
| Stamford
Land |
0.50 |
0.51 |
-2% |
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Return to Headlines |
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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. |
