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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 14 August 2009 |
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According to Macau's Statistics and Census Service (DSEC), average
hotel occupancy rates in the city dropped by 12.6 percentage
points year-on-year to 60.7% in June 2009, with four-star hotels
leading at 64.5%. Amongst the 445,756 guests who stayed in local
hotels and similar establishments in June 2009, 40% were mainland
Chinese guests and 29.5% were Hong Kong guests. The average
length of stay of hotel guests increased by 0.13 nights year-on-year
to 1.52 nights during the period. In the first six months of
2009, there were approximately 18,128 available hotel rooms,
an 11.7% increase compared to the same period in 2008. |
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Harp Soon Construction Berhad has announced its plans to develop
an 8.72-acre integrated resort, Bayou Lagoon Park Resort, in
Malacca, Malaysia. The resort development is expected to comprise
four blocks of serviced apartments, a hotel, a retail centre,
a convention hall, a clubhouse and an approximately US$2.28
million water park. The serviced apartments development is expected
to have a gross development value of US$71.1 million, and two
blocks are scheduled to be completed by early 2012. As a developer
with 30 years of experience in residential and commercial projects
in the Klang Valley, the mixed-use development is the company's
first venture into resort development. |
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Mauritius-based luxury hotel group, Naiade Resorts (Naiade),
has announced a loss in the first half of 2009 amidst the global
economic downturn which has affected the country's tourism sector.
According to Reuters, the group said its post-tax loss for the
first half of 2009 amounted to approximately US$4.6 million,
compared with a net profit of US$1.8 million year-onyear. Based
on an unaudited financial report from Naiade, the group's revenues
increased marginally by 0.8% to US$40.5 million in the first
six months of 2009. |
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Hotel chain Premier Inn, which is based in the United Kingdom,
has announced plans to open 80 hotels in India within the next
ten years. Expecting to cost a total of US$837 million and feature
9,700 rooms, the three-star hotel chain is envisaged to expand
across various cities in the country. The expansion will be
carried out under a joint venture with Emaar MGF, which will
provide the initial capital investment. An initial 18 hotels
are scheduled to open within the next five years. |
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Sri Lanka's Aitken Spence Hotel Holdings (Aitken Spence) reported
a net loss of approximately US$998,000 in year-to-date June
2009, reflecting a 137% increase from the same period in 2008.
Within the same period, gross revenue recorded an 8% decline
from year-to-date June 2008. It was reported that the waning
performance was attributed mainly to the fall in visitor arrivals
in Sri Lanka and the Maldives. Currently, Aitken Spence owns
or manages a total of 24 hotels and resorts in Sri Lanka, the
Maldives, India and Oman, with Sri Lanka accounting for nine
hotels. However, revenue from its Sri Lanka properties accounts
for less than 20% of the total revenue. |
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According to the Chinese Ministry of Industry and Information
Technology, the accommodation and catering industry recorded
total retail sales of approximately US$125 billion in the first
half of 2009, reflecting an 18% growth when compared to the
same period in 2008. Among the administrative divisions in China,
developed areas such as Beijing, Guangdong, Tianjin and Zhejiang
recorded the lowest growths at 13.6%, 13.3%, 9.2% and 4.5%,
respectively. The central and western China provinces of Jilin,
Sichuan and Inner Mongolia registered the highest growths at
24.2%, 22.5% and 21.5%, respectively. |
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Absolute Share Price Performance, as at
14 August 2009
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Closing Share Price as at |
14 August 2009 |
7 August 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.30 |
4.82 |
10% |
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General Property Group |
0.57 |
0.54 |
7% |
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Mirvac Group |
1.29 |
1.18 |
9% |
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Ocean Capital Limited |
0.40 |
0.37 |
8% |
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Thakral Holdings Group |
0.25 |
0.24 |
6% |
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Living and Leisure Australia Group |
0.03 |
0.03 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.34 |
3.12 |
7% |
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Dusit Thani Public Co Ltd |
27.00 |
26.50 |
2% |
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The Erawan Group Public Co Ltd |
1.79 |
1.80 |
-1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.40 |
1.40 |
– |
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Laguna Resorts & Hotel Public Co Ltd |
29.75 |
26.50 |
12% |
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Minor International Public Co Ltd |
9.05 |
8.60 |
5% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
22.79 |
22.79 |
– |
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Beijing Capital Tourism Co Ltd |
17.66 |
18.15 |
-3% |
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Jinling Hotel Corporation Ltd |
7.94 |
8.77 |
-9% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
7.17 |
7.26 |
-1% |
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Guangzhou Dong Fang Hotel Co Ltd |
7.39 |
7.85 |
-6% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.11 |
5.49 |
-7% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
26.53 |
25.24 |
5% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.00 |
7.86 |
2% |
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Regal Hotels International Holdings Ltd |
2.71 |
2.65 |
2% |
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Sino Hotels Holdings Ltd |
2.71 |
2.70 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
8.82 |
8.80 |
– |
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Korea Exchange (KRW) |
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The Shilla |
17,600 |
17,250 |
2% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.38 |
0.37 |
3% |
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ART Management Limited |
0.84 |
0.84 |
1% |
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Banyan Tree Holdings Limited |
0.75 |
0.69 |
9% |
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CDL HTrust |
1.08 |
1.15 |
-6% |
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Hotel Grand Central Ltd |
0.63 |
0.65 |
-3% |
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Hotel Properties Ltd |
2.04 |
1.96 |
4% |
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Mandarin Oriental International Ltd (US$) |
1.38 |
1.33 |
4% |
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Pan Pacific Hotels Group Limited |
1.45 |
1.46 |
-1% |
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Shangri-La Asia Limited (HK$) |
12.62 |
12.20 |
3% |
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Stamford Land Corporation Ltd |
0.37 |
0.36 |
3% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
437.00 |
412.00 |
6% |
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The Ambassador Hotel, Ltd |
35.25 |
37.00 |
-5% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
162,500 |
160,500 |
1% |
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Japan Hotel and Resort Inc |
152,500 |
151,100 |
1% |
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Imperial Hotel, Ltd |
1,862 |
1,900 |
-2% |
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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. |
