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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 3
October 2008 |
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| The
Fifth Hotel Investment Conference - South Asia (HICSA) 2009
is scheduled for April 1st and 2nd, 2009 and is to be hosted
at the Grand Hyatt, Mumbai. Over the past four years the conference
has played host to 20 global CEO's, 1,800 plus delegates, and
has had a wide range of attendees from owners, real estate developers,
operators, bankers, architects and consultants. This exclusive
event promises to once again line up some of the best known
global faces of the hospitality industry. The conference has
been regarded by many as the best networking opportunity in
the region and a must attend for all associated to the hotel
industry. Click
here for more information. |
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Japan’s Newly Formed Tourism Agency To Target 20 Million
Visitors To Japan In 2020 |
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| According
to Japan’s Land, Infrastructure, Transport and Tourism
Minister, Kazuyoshi Kaneko, the nation has officially launched
the Tourism Agency, headed by Yoshiaki Honpo, which aims to
attract 20 million foreign visitors to Japan in 2020. In 2007,
8.35 million foreigners visited Japan. Should the 20 million
visitors target be achieved, the tourism industry is expected
to boost the Japanese economy and increase tourists’ spending
to approximately 16% of domestic consumption. |
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Watermark Hotel And Apartments Development In Wellington, New
Zealand To Complete By 2010 |
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| The
US$116 million Watermark hotel and apartments development located
on the Wellington waterfront near the Te Papa museum in New
Zealand is expected to be completed by 2010 in time for the
2010 Rugby World Cup. The freehold development is likely to
be a 12-storey luxury apartment building, including a boutique
hotel. The apartment building will be located on the former
Wellington Markets site which was recently demolished and the
adjoining historic John Chambers building, which has been retained
for the boutique hotel development, will be linked to the apartment
block,. |
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| Opened
on 1 October 2008, the Novotel Hyderabad Airport Hotel is located
in Hyderabad, technology capital of South India, approximately
30 minutes’ drive from Rajiv Gandhi International Airport.
The hotel is owned by GMR Hyderabad International Airport and
is the second Novotel hotel in Hyderabad and in India. The Novotel
Hyderabad Airport which features 305 guestrooms, including 11
luxurious suites, 53 premier rooms and 241 superior rooms, is
expected to attract business and leisure travellers, including
domestic leisure guests. |
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| The
100-key Exotica Playa Resort, which is located in Lagi Town,
Binh Thuan Province in Central Vietnam, will be managed by Celadon
International (Celadon). The resort, owned by 21st Century Joint
Stock Company (C21), is expected to receive approximately US$1
million for upgrading of its facilities. Binh Thuan Province
is envisaged to become a tourist attraction and Celadon hopes
that the Exotica Playa Resort will evolve as the venue for international
tourism and trade events. |
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| A
US$350 million project to redevelop the existing Plantation
Club Resort and Casino in Seychelles into a premium tourist
destination has been planned and is to be undertaken by European
Hotels and Resorts and Mantis Development International (Mantis).
The project is likely to feature the development of two new
hotel products, a 40-villa mountainside hotel and a beachfront
hotel, and the renovation of the existing product to 138 suites.
Construction is scheduled to commence in November 2008. The
project is envisaged to attract 9,000 tourists to Seychelles
per annum, contribute US$350 million to its gross domestic product,
and offer approximately 14,000 jobs during the construction
period and an additional 1,500 jobs in the tourism industry. |
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| Australia’s
Lasseters International Holdings (Lasseters) has sold 12 hotels,
which are located across South Australia, Queensland and New
South Wales, for a total of approximately US$68 million. Lasseters
is likely to make a gain of approximately US$7.23 million from
the sale of the four freehold and eight leasehold properties,
based on the audited accounts as of 30 June 2008. The sales
proceeds are likely to be utilised by the company to undertake
a proposed share buyback programme. Lasseters will manage two
land-based casinos, Lasseters Hotel Casino in Alice Springs,
Australia and Wharf Casino in Queenstown, New Zealand, after
the sale. |
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Absolute
Share Price Performance, as at 3 October 2008 |
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Closing Share Price as at |
October
3 2008 |
September
26 2008 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.78 |
4.65 |
3% |
| General
Property Group |
1.72 |
1.99 |
-14% |
| Mirvac
Group |
2.78 |
2.67 |
4% |
| Ocean
Capital Limited |
0.36 |
0.40 |
-10% |
| Thakral
Holdings Group |
0.88 |
0.77 |
15% |
| Living
and Leisure Australia Group |
0.03 |
0.03 |
11% |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
4.98 |
4.96 |
– |
| Dusit
Thani Public Co Ltd |
30.00 |
32.00 |
-6% |
| The
Erawan Group Public Limited |
3.02 |
3.20 |
-6% |
| Grande
Asset Development |
3.20 |
3.20 |
– |
| Laguna
Resorts & Hotel Public Co Ltd |
30.00 |
34.00 |
-12% |
| Minor
International PCL |
11.00 |
11.30 |
-3% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
7.80 |
8.50 |
-8% |
| Regal
Hotels International Holdings Ltd |
0.22 |
0.22 |
– |
| Sino
Hotels Holdings Ltd |
3.55 |
3.55 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
7.04 |
8.08 |
-13% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.30 |
0.30 |
– |
| ART
Management Pte Ltd |
0.66 |
0.72 |
-9% |
| Banyan
Tree Holdings Limited |
0.90 |
0.88 |
2% |
| CDL
HTrust |
0.85 |
0.94 |
-10% |
| Hotel
Grand Central Ltd |
0.70 |
0.72 |
-3% |
| Hotel
Plaza Ltd |
1.36 |
1.35 |
1% |
| Hotel
Properties Ltd |
1.36 |
1.41 |
-4% |
| Mandarin
Oriental International Ltd (US$) |
1.37 |
1.57 |
-13% |
| Shangri-La
Asia Ltd |
10.02 |
11.02 |
-9% |
| Stamford
Land |
0.37 |
0.39 |
-5% |
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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. |
