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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 3 April 2009
International Hotel Management Chains To Enter India
Accor Group Introduces MGallery Label To China
Park Hotel Orchard To Undergo US$53 Million Renovation
Tokyo Disney Resorts Welcomed Record Visitors In FY2008
Perth Ranked Top In Global Occupancy Survey For Second Consecutive Year
Banyan Tree Holdings To Present At 5th China Hotel Investment Summit In April 2009
Absolute Share Price Performance, As At 3 April 2009
International Hotel Management Chains To Enter India Return to Headlines
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.
Accor Group Introduces MGallery Label To China Return to Headlines
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.
Park Hotel Orchard To Undergo US$53 Million Renovation Return to Headlines
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.
Tokyo Disney Resorts Welcomed Record Visitors In FY2008 Return to Headlines
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.
Perth Ranked Top In Global Occupancy Survey For Second Consecutive Year Return to Headlines
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.
Banyan Tree Holdings To Present At 5th China Hotel Investment Summit In April 2009 Return to Headlines

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
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: aphua@hvs.com or chis@chinahotelsummit.com
Absolute Share Price Performance, as at 3 April 2009
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%
Return to Headlines
HVS Beijing
David Ling
HVS Hong Kong
Mark Keith & David Ling
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
David Ling
HVS Singapore
David Ling
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.
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