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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 3
April 2009 |
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| Amidst
the global economic slowdown, international hotel management
companies have announced plans to enter India in the light of
the shortage of approximately 150,000 hotel rooms across the
country. According to HVS, international and domestic hotel
chains announced that they would build at least 114,000 rooms
in India in August 2008; however, only some 47,000 rooms are
in the pipeline as some hotel developers have halted development
projects. Nevertheless, the current downturn has offered lower
cost of development and construction, and companies such as
the Sant Chatwal-promoted Hampshire Hotels plan to invest approximately
US$995 million by 2012 to 2013 in hotel properties in Kochi,
Mumbai, Bangalore, Jaipur, Kolkata and Hyderabad. In addition,
New York’s Berggruen Hotels is expected to invest in five
mid-market hotels under the KEYS brand in Khandala, Mahabaleshwar,
Thiruvananthapuram, Ludhiana and Bangalore. Switzerland’s
Mövenpick Hotels and Resorts plans to manage 15 upscale
hotels in India by 2015 with the first hotel opening in Bangalore.
France’s Accor Group has also announced plans to expand
in India, with 48 committed hotel developments which will add
approximately 9,980 rooms under the brands of Sofitel, Pullman,
Novotel, Ibis, Mercure and Formule 1. |
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| France’s
Accor Group has announced the opening of the 75-key Songtsam
Retreat at Shangri-La, Yunnan Province, China. This is the group’s
luxury MGallery brand’s first hotel in China, a move to
strengthen Accor’s position in China’s upscale travel
industry and consolidate its brand portfolio to offer a variety
of accommodation choices. Currently, Accor manages 77 hotels
in China with 80 other hotels under construction. |
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| Park
Hotel Orchard, which is located in the heart of the prime shopping
district in Singapore, will be closed for a US$53 million renovation
to be upgraded to a five-star hotel. The hotel, which is scheduled
to reopen in the second quarter of 2010, will be rebranded as
Grand Park Orchard and will feature a four-storey 7,710-square-metre
retail podium in addition to its 309 rooms. It was also announced
that the 336-key Park Hotel Clarke Quay will be soft launched
on 1 May 2009. |
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| Theme
park operator, Oriental Land Co (Oriental Land), announced that
a record 27.2 million visitors were received at Tokyo Disneyland
and Tokyo DisneySea in the fiscal year of 2008. The number of
visitors represented a 7.1% increase from the previous year,
fiscal year 2007. The major reasons attributed to the record
number of visitors include the favourable weather, large-scale
parades and events held in conjunction with the 25th anniversary
celebrations of Tokyo Disneyland. Local visitors also contributed
significantly to the record visitation. |
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| Perth,
which recorded a marketwide occupancy of 82.4% in 2008, was
ranked top in the 2008 Deloitte Hotel Occupancy Global Ranking
Index. Five Australian cities, including Sydney and Melbourne,
finished in the top 12 of the survey. New York was ranked second
in the survey with occupancy of 81.9% while major cities such
as Hong Kong and London were ranked fourth and fifth with occupancy
of 81.2% and 81.1%, respectively. Average room rates were recorded
at US$146 for hotels in Australia and Oceania in 2008, reflecting
a 5.6% growth from 2007. |
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Banyan Tree Holdings To Present At 5th China Hotel Investment
Summit In April 2009 |
Return
to Headlines |
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FOCUS ON CHINA – ASIA’S POWERHOUSE 
Mr
Ho Kwon Ping, Executive Chairman of Banyan Tree Holdings, will
be presenting a keynote on the evolution of the China resort
market and creating new destinations at this year’s 5th
annual China Hotel Investment Summit (CHIS). In order not to
miss this great opportunity to hear Mr Ho Kwon Ping deliver
a keynote on the China resort market, please join us at the
upcoming 5th annual CHIS 2009 and learn from the best that promises
to be an insightful experience for participants.
The conference will offer specialized topics, which will be
debated at China Hotel Investment Summit 2009, covering other
hospitality asset classes including Serviced Apartments, Golf
Courses, Residential and Fractional Ownership; Environmental
Sustainability Solutions for Hotels and Resorts; Budget Business
Model; Managing Human Capital; among others.
The Summit will be held at the Grand Hyatt Shanghai from 22
to 24 April 2009.
To register as a delegate or participate as a sponsor, please
visit http://www.chinahotelsummit.com.
For other information and queries, please contact:
Adeline Phua
HVS
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: [email protected] or [email protected] |
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Absolute
Share Price Performance, as at 3 April 2009 |
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Closing Share Price as at |
3
April 2009 |
27
March 2009 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
3.94 |
3.87 |
2% |
| General
Property Group |
0.51 |
0.45 |
13% |
| Mirvac
Group |
1.06 |
0.95 |
12% |
| Ocean
Capital Limited |
0.26 |
0.26 |
– |
| Thakral
Holdings Group |
0.27 |
0.26 |
2% |
| Living
and Leisure Australia Group |
0.02 |
0.02 |
– |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
3.08 |
3.12 |
-1% |
| Dusit
Thani Public Co Ltd |
19.90 |
21.00 |
-5% |
| The
Erawan Group Public Limited |
1.28 |
1.30 |
-2% |
| Grande
Asset Development |
1.51 |
1.60 |
-6% |
| Laguna
Resorts & Hotel Public Co Ltd |
24.50 |
24.10 |
2% |
| Minor
International PCL |
6.50 |
6.60 |
-2% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
5.18 |
5.05 |
3% |
| Regal
Hotels International Holdings Ltd |
1.44 |
1.48 |
-3% |
| Sino
Hotels Holdings Ltd |
2.50 |
2.50 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
5.25 |
4.95 |
6% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.22 |
0.23 |
-4% |
| ART
Management Pte Ltd |
0.45 |
0.44 |
3% |
| Banyan
Tree Holdings Limited |
0.38 |
0.40 |
-5% |
| CDL
HTrust |
0.56 |
0.54 |
4% |
| Hotel
Grand Central Ltd |
0.52 |
0.51 |
2% |
| Hotel
Plaza Ltd |
0.92 |
0.92 |
– |
| Hotel
Properties Ltd |
0.99 |
1.00 |
-1% |
| Mandarin
Oriental International Ltd (US$) |
0.79 |
0.82 |
-4% |
| Shangri-La
Asia Ltd |
9.32 |
8.30 |
12% |
| Stamford
Land |
0.25 |
0.22 |
14% |
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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. |
