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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 21 August 2009
East Malaysian State Of Sabah To Boost Economy By Promoting Tourism
Vietnam To Boost Tourism With Five Measures
Taj Opens Its First Vivanta Resort In The Maldives
Holiday Villa To Open Two More Properties In Asia By End-2009
Hotels In Bangkok Record Lowest Occupancy Since 1997
Possibility Of China Sustaining More Disney Theme Parks
Absolute Share Price Performance, As At 21 August 2009
East Malaysian State Of Sabah To Boost Economy By Promoting Tourism Return to Headlines
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.
Vietnam To Boost Tourism With Five Measures Return to Headlines
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.
Taj Opens Its First Vivanta Resort In The Maldives Return to Headlines
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.
Holiday Villa To Open Two More Properties In Asia By End-2009 Return to Headlines
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.
Hotels In Bangkok Record Lowest Occupancy Since 1997 Return to Headlines
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.
Possibility Of China Sustaining More Disney Theme Parks Return to Headlines
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.
Absolute Share Price Performance, as at 21 August 2009
Closing Share Price as at 21 August 2009 14 August 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.66 5.30 7%
General Property Group 0.54 0.57 -5%
Mirvac Group 1.25 1.29 -3%
Ocean Capital Limited 0.40 0.40
Thakral Holdings Group 0.24 0.25 -4%
Living and Leisure Australia Group 0.03 0.03 -4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.60 3.34 8%
Dusit Thani Public Co Ltd 26.50 27.00 -2%
The Erawan Group Public Co Ltd 2.26 1.79 26%
Grande Asset Hotels and Property Public Co Ltd 1.39 1.40 -1%
Laguna Resorts & Hotel Public Co Ltd 29.00 29.75 -3%
Minor International Public Co Ltd 10.30 9.05 14%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  22.79 22.79
Beijing Capital Tourism Co Ltd 16.60 17.66 -6%
Jinling Hotel Corporation Ltd 7.14 7.94 -10%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.34 7.17 -12%
Guangzhou Dong Fang Hotel Co Ltd 6.76 7.39 -9%
Shenzhen Century Plaza Hotel Co Ltd 5.12 5.11
Home Inns & Hotels Management Inc 26.02 26.53 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.79 8.00 -3%
Regal Hotels International Holdings Ltd 2.49 2.71 -8%
Sino Hotels Holdings Ltd 2.65 2.71 -2%
The Hong Kong & Shanghai Hotels Ltd 8.75 8.82 -1%
Korea Exchange (KRW)
The Shilla  15,650 17,600 -11%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.37 0.38 -3%
ART Management Limited 0.84 0.84
Banyan Tree Holdings Limited 0.82 0.75 9%
CDL HTrust  1.23 1.08 14%
Hotel Grand Central Ltd 0.63 0.63
Hotel Properties Ltd 1.98 2.04 -3%
Mandarin Oriental International Ltd (US$) 1.37 1.38 -1%
Pan Pacific Hotels Group Limited 1.45 1.45
Shangri-La Asia Limited (HK$) 11.54 12.62 -9%
Stamford Land Corporation Ltd 0.38 0.37 3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  380.00 437.00 -13%
The Ambassador Hotel, Ltd  28.80 35.25 -18%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  165,000 162,500 2%
Japan Hotel and Resort Inc 146,700 152,500 -4%
Imperial Hotel, Ltd  1,801 1,862 -3%
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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