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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 21 August 2009 |
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The East Malaysian state of Sabah aims to further promote
tourism, one of the three major sectors, which has been
recognised to boost economic growth. The authorities hope
that more hotels would be built to support tourism
development in the state. To date, Malaysia’s Cititel Hotel
Management has opened the Cititel Express Kota Kinabalu in
the capital of Sabah. |
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Vietnam National Administration of Tourism has announced five
measures to attract more foreign tourists in the last months
of 2009. One of these measures is the extension of the
‘Impressive Vietnam’ special offer campaign to the end of
2009 instead of September 2009. Foreign travellers who book
tour packages under this campaign will enjoy the waiver of
visa fees till the end of 2009. The second measure includes
more investment to upgrade tourism facilities and improve
the quality of tourism products in the country. The third
measure is to step up promotion campaigns in foreign
countries and the fourth measure is to enhance the
implementation of cultural activities to attract more
foreign visitors such that they will prolong their stay in
Vietnam. Last but not least, the country aims to improve
human resource training in the tourism industry to meet the
higher demand in the growing tourism sector. |
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Taj Hotels Resorts and Palaces (Taj) has announced the opening
of the Vivanta by Taj – Coral Reef, the Maldives, formerly
the Taj Coral Reef, after a comprehensive refurbishment of
the property. This is also Taj’s first resort hotel under
the Vivanta brand in the upper upscale hotel segment.
Located on Hembadhu Island in the North Malé Atoll, the
62-villa resort is approximately 32 kilometres away from the
airport, and less than an hour’s speedboat ride from the
airport. The villas range from 58-square-metre Charm Beach
Villas to 215-square-metre two-bedroom Nirvana Suites. The
resort also features three food and beverage outlets and a
signature spa with four treatment rooms. |
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Holiday Villa Hotels and Resorts (Holiday Villa), part of the
listed Advance Synergy in Malaysia, has announced plans to
open two properties in Cambodia and China by end of 2009.
The two hotels, located in Sihanoukville, Cambodia, and
Kaifeng in Henan Province, China, will bring the total room
count operated by Holiday Villa to approximately 4,400 keys.
In 2009, Holiday Villa has already opened properties in
Halong Bay, Vietnam, and Shenzhen, China. Currently, the
group operates 16 hotels and resorts across eight countries. |
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International arrivals declined by 21% in the first six months
of 2009 as compared to the same period in 2008. During this
time, it was reported that Bangkok’s five-star hotels
recorded occupancy of approximately 47% while four-star
hotels recorded approximately 51% during the same period.
Bangkok hotels have not witnessed such levels of occupancy
since the 1997 Asian financial crisis. It was forecast that
occupancy is likely to remain in the 50% to 60% region as
approximately 7,150 rooms are expected to enter the market
in the next three years. |
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According to a leading Shanghai tourism official, China is
able to sustain the existence of up to three Disney theme
parks, implying the feasibility of a Disneyland in Shanghai.
It was further reported that costs and travelling distance
were cited to be the two main factors affecting the
viability of the theme park as opposed to its location. From
the same source, it was commented that the proposed Shanghai
Disneyland might be ten times larger than the Hong Kong
Disneyland and expected to be driven by the private sector. |
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Absolute Share Price Performance, as at
21 August 2009
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Closing Share Price as at |
21 August 2009 |
14 August 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.66 |
5.30 |
7% |
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General Property Group |
0.54 |
0.57 |
-5% |
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Mirvac Group |
1.25 |
1.29 |
-3% |
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Ocean Capital Limited |
0.40 |
0.40 |
– |
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Thakral Holdings Group |
0.24 |
0.25 |
-4% |
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Living and Leisure Australia Group |
0.03 |
0.03 |
-4% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.60 |
3.34 |
8% |
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Dusit Thani Public Co Ltd |
26.50 |
27.00 |
-2% |
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The Erawan Group Public Co Ltd |
2.26 |
1.79 |
26% |
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Grande Asset Hotels and Property Public Co Ltd |
1.39 |
1.40 |
-1% |
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Laguna Resorts & Hotel Public Co Ltd |
29.00 |
29.75 |
-3% |
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Minor International Public Co Ltd |
10.30 |
9.05 |
14% |
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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 |
16.60 |
17.66 |
-6% |
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Jinling Hotel Corporation Ltd |
7.14 |
7.94 |
-10% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
6.34 |
7.17 |
-12% |
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Guangzhou Dong Fang Hotel Co Ltd |
6.76 |
7.39 |
-9% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.12 |
5.11 |
– |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
26.02 |
26.53 |
-2% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.79 |
8.00 |
-3% |
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Regal Hotels International Holdings Ltd |
2.49 |
2.71 |
-8% |
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Sino Hotels Holdings Ltd |
2.65 |
2.71 |
-2% |
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The Hong Kong & Shanghai Hotels Ltd |
8.75 |
8.82 |
-1% |
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Korea Exchange (KRW) |
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The Shilla |
15,650 |
17,600 |
-11% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.37 |
0.38 |
-3% |
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ART Management Limited |
0.84 |
0.84 |
– |
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Banyan Tree Holdings Limited |
0.82 |
0.75 |
9% |
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CDL HTrust |
1.23 |
1.08 |
14% |
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Hotel Grand Central Ltd |
0.63 |
0.63 |
– |
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Hotel Properties Ltd |
1.98 |
2.04 |
-3% |
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Mandarin Oriental International Ltd (US$) |
1.37 |
1.38 |
-1% |
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Pan Pacific Hotels Group Limited |
1.45 |
1.45 |
– |
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Shangri-La Asia Limited (HK$) |
11.54 |
12.62 |
-9% |
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Stamford Land Corporation Ltd |
0.38 |
0.37 |
3% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
380.00 |
437.00 |
-13% |
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The Ambassador Hotel, Ltd |
28.80 |
35.25 |
-18% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
165,000 |
162,500 |
2% |
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Japan Hotel and Resort Inc |
146,700 |
152,500 |
-4% |
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Imperial Hotel, Ltd |
1,801 |
1,862 |
-3% |
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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. |
