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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 26
September 2008 |
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| Indonesia’s Culture and Tourism Minister, Jero Wacik, commented that the number of Japanese businessmen investing in Indonesia’s tourism sector is still relatively low compared to other sectors such as energy and infrastructure. According to Japanese Ambassador to Indonesia Kojiro Shiojiri, the total Japanese investment in Indonesia was approximately US$830 million as of May 2008. |
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Pullman Putrajaya Lakeside To Open In November 2008 In Kuala Lumpur, Malaysia |
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| The 283-room Pullman Putrajaya Lakeside, the former Alam Warisan, located in Precinct 5 Putrajaya, Kuala Lumpur, Malaysia is expected to be opened in phases between November 2008 and January 2009. Owned by Putrajaya Holdings and managed by Accor SA, the hotel comprises four buildings, namely the Lotus Wing, Bunga Tanjung, Jasmine Wing and Rafflesia. The Jasmine Wing and Rafflesia with a total of 165 rooms are expected to be opened by 1 November 2008, in time to meet demand for the International Water Skiing Festival which will be held between 7 to 9 November 2008 at the lake in front of the hotel. The Pullman Putrajaya Lakeside aims to target mainly the MICE segment, and attract Corporate and Government demands from Cyberjaya and Kuala Lumpur, as well as weekend Leisure demand. The hotel features 21 meeting rooms, five food and beverage outlets, and a 250-seat lakefront and open-air amphitheatre, as well as team-building facilities. |
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| According to the Ministry of Transportation and Communications (MOTC), Chinese tourists who visited Taiwan have given an average approval rating of 91% to tourism in Taiwan. Since the inauguration of the direct cross-strait charter flights on 4 July 2008, a total of 540 Chinese tourist groups or 14,190 Chinese tourists visited Taiwan. The cross-Taiwan Strait charter flights programme, which was formerly launched on 18 July 2008, sold approximately 150,000 seats out of the 170,000 seats offered by carriers from both sides. MOTC commented that further programmes, including the increase in number of passenger charter flights, the opening of direct cross-strait cargo charter flights and the arrangement of new flight routes, are expected to be put in place upon discussion between officials, carrier representatives and travel agency operators from both sides. |
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| India has launched an innovative marketing campaign in Japan, one of India’s leading and fast growing markets for inbound tourism, through ten Velo taxi drivers who will be dressed in Incredible India T-shirts and Rajasthani turbans. The ecologically friendly Velo taxis were chosen for the campaign due to their popularity in Japan and being reminiscent of India’s three-wheeler rickshaws. These taxis will be on the roads for two months. An approximate 150,000 Japanese tourists are expected to visit India in 2008. |
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| Dubai-based Jumeirah has been appointed by GT Land Holdings Limited to manage a luxury hotel occupying the top floors of the 50-storey GT Land Plaza, Guangzhou, China. Located in the centre of New Pearl City Tian He District, the five-star luxury Jumeirah Guangzhou Hotel is likely to offer 200 rooms and is scheduled to open in 2011. In addition, the hotel is envisaged to feature a sky lobby and Jumeirah’s signature Talise Wellness spa. The Jumeirah Guangzhou Hotel is Jumeirah Group’s second hotel to be signed in mainland China. |
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| A total of six bidders including FMCG major Emami and Ambuja groups have been shortlisted for a US$85 million tourism project in Maithon and Panchet, India. Other bidders for the project include international players from Australia and Malaysia. To be implemented by a joint venture between Damodar Valley Corp (DVC) and IL&FS Infrastructure Development Corp (IL&FS), the project entails the development of 200 acres of land including 19 small islands in Maithon and an amusement park in Panchet. The joint venture company is currently holding discussions before the financial bidding process commences and this is expected to be finalised before the end of 2008. |
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Absolute
Share Price Performance, as at 26 September 2008 |
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Closing Share Price as at |
September
26 2008 |
September
19 2008 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.65 |
4.55 |
2% |
| General
Property Group |
1.99 |
1.90 |
5% |
| Mirvac
Group |
2.67 |
2.90 |
-8% |
| Ocean
Capital Limited |
0.40 |
0.40 |
– |
| Thakral
Holdings Group |
0.77 |
0.77 |
– |
| Living
and Leisure Australia Group |
0.03 |
0.03 |
-10% |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
4.96 |
5.00 |
-1% |
| Dusit
Thani Public Co Ltd |
32.00 |
36.00 |
-11% |
| The
Erawan Group Public Limited |
3.14 |
3.18 |
-1% |
| Grande
Asset Development |
3.20 |
3.06 |
5% |
| Laguna
Resorts & Hotel Public Co Ltd |
34.00 |
36.25 |
-6% |
| Minor
International PCL |
11.30 |
11.50 |
-2% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
8.50 |
8.88 |
-4% |
| Regal
Hotels International Holdings Ltd |
0.22 |
0.22 |
-1% |
| Sino
Hotels Holdings Ltd |
3.55 |
3.53 |
1% |
| The
Hong Kong & Shanghai Hotels Ltd |
8.08 |
9.32 |
-13% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.30 |
0.32 |
-6% |
| ART
Management Pte Ltd |
0.72 |
0.76 |
-5% |
| Banyan
Tree Holdings Limited |
0.88 |
1.06 |
-17% |
| CDL
HTrust |
0.94 |
1.13 |
-17% |
| Hotel
Grand Central Ltd |
0.72 |
0.74 |
-3% |
| Hotel
Plaza Ltd |
1.35 |
1.46 |
-8% |
| Hotel
Properties Ltd |
1.41 |
1.39 |
1% |
| Mandarin
Oriental International Ltd (US$) |
1.57 |
1.68 |
-7% |
| Shangri-La
Asia Ltd |
11.02 |
11.48 |
-4% |
| Stamford
Land |
0.39 |
0.41 |
-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. |
