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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 28 August 2009
Number Of Foreign Tourists To Japan Falls 23% In July 2009
Filipino And Malaysian Businessmen Plan Resort Investment In Tawi-Tawi, The Philippines
Myanmar Sets Up Night Bazaar In Ancient City To Attract Tourists
Fortune Park To Open New Hotel In Punjab
Regency Planning To Expand Both Globally And Locally
Approximately 90% Of Beachfront Land In Phuket Controlled By Foreigners
Absolute Share Price Performance, As At 28 August 2009
Number Of Foreign Tourists To Japan Falls 23% In July 2009 Return to Headlines
According to the Japan National Tourism Organisation, the number of foreign tourists to Japan experienced a 23.3% decline to 633,000 in July 2009, the ninth consecutive double-digit year-on-year decline. The sharp decrease in the number of foreign tourists was attributed mainly to the global economic slowdown, appreciation of the Japanese yen and spread of Influenza A(H1N1). The number of tourists from Singapore dropped 34.6%, followed by China and South Korea which witnessed a drop of 32.8% and 28.4%, respectively. In addition, 1,289,000 Japanese travelled aboard in July 2009, a 3.2% year-on-year decline for the third year.
Filipino And Malaysian Businessmen Plan Resort Investment In Tawi-Tawi, The Philippines Return to Headlines
According to the Philippine government, a conglomerate of Filipino and Malaysian businessmen plans to develop a resort at Pastagan Beach, in the town of Bongao in Tawi-Tawi, the Philippines. The construction of the resort is scheduled to take place in early 2010 and is expected to consist of 65 cottages. It was disclosed that the project is jointly developed by a group of Tawi-Tawi businessmen and a business group from Lahad Datu, Malaysia. Tawi-Tawi is expected to undergo economic and tourism growth following the upgrading and expansion of the Sanga-Sanga Airport which could possibly welcome airline giants to open a new route to and from Tawi-Tawi.
Myanmar Sets Up Night Bazaar In Ancient City To Attract Tourists Return to Headlines
The Myanmar Hoteliers Association (MHA) is expected to set up a two-hour night bazaar in Bagan, an ancient city in the northern part of Myanmar in the Mandalay Division, in October 2009 to attract more foreign travellers. Myanmar is also working with the Korean International Cooperation Agency (KOICA) to carry out greening of the Bagan city to promote tourism, prevent forest depletion and preserve the natural environment in the area. Currently, there are four hotel zones in Bagan which comprises 91 hotels, motels and inns. According to statistics, approximately 260,000 tourists visited Myanmar in 2008.
Fortune Park To Open New Hotel In Punjab Return to Headlines
Fortune Park Hotels Limited (Fortune Park) has entered into an agreement with M/s Zanders Resorts to open its fifth Fortune Inn-branded hotel in Bhatinda, Punjab. The 60-room development, which is expected to feature a coffee shop and banqueting facilities, is envisaged to commence operations by the middle of 2011. Currently, Fortune Park operates 55 hotels, totalling 4,500 rooms, in 42 cities across India.
Regency Planning To Expand Both Globally And Locally Return to Headlines
Malaysia's Regency International Inc Sdn Bhd (Regency) is looking to expand its hotel portfolio in London, New York, Bangkok, Jakarta and Istanbul, as well as Malaysian cities such as Johor Bahru, Kuantan and Kota Kinabalu. Currently, Regency owns nine hotels including one in Bali, three in Sarawak, two each in Kedah and Negeri Sembilan, as well as the latest addition, the 330-key Dorsett Regency Hotel in Kuala Lumpur, which cost approximately US$28.4 million to develop. Two other hotels in Jitra, Kedah and Bukit Tinggi are expected to open by end of 2009.
Approximately 90% Of Beachfront Land In Phuket Controlled By Foreigners Return to Headlines
According to research by the Thailand Research Fund, approximately 90% of coastal land in Phuket is foreign-owned while foreign ownership of land is also prevailing in other popular destinations such as Pattaya, Koh Samui, Hua Hin and Chiang Mai. In addition, it was reported that foreign investors have been relying on legal consultants and local officials in the acquisition of land through local nominees or proxy companies. Although it is understood that foreign investments are critical in the development of some resort destinations, some leases have been discovered to be 'unusually long'.
Absolute Share Price Performance, as at 28 August 2009
Closing Share Price as at 28 August 2009 21 August 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.94 5.66 5%
General Property Group 0.62 0.54 15%
Mirvac Group 1.42 1.25 13%
Ocean Capital Limited 0.40 0.40
Thakral Holdings Group 0.32 0.24 33%
Living and Leisure Australia Group 0.03 0.03 27%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.80 3.60 6%
Dusit Thani Public Co Ltd 28.50 26.50 8%
The Erawan Group Public Co Ltd 2.28 2.26 1%
Grande Asset Hotels and Property Public Co Ltd 1.45 1.39 4%
Laguna Resorts & Hotel Public Co Ltd 32.25 29.00 11%
Minor International Public Co Ltd 11.20 10.30 9%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  22.79 22.79
Beijing Capital Tourism Co Ltd 19.59 16.60 18%
Jinling Hotel Corporation Ltd 7.23 7.14 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.52 6.34 3%
Guangzhou Dong Fang Hotel Co Ltd 6.89 6.76 2%
Shenzhen Century Plaza Hotel Co Ltd 5.10 5.12
Home Inns & Hotels Management Inc 25.40 26.02 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.95 7.79 2%
Regal Hotels International Holdings Ltd 2.53 2.49 2%
Sino Hotels Holdings Ltd 2.66 2.65
The Hong Kong & Shanghai Hotels Ltd 8.75 8.75
Korea Exchange (KRW)
The Shilla  15,650 15,650
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.54 0.37 46%
ART Management Limited 0.89 0.84 6%
Banyan Tree Holdings Limited 0.88 0.82 7%
CDL HTrust  1.38 1.23 12%
Hotel Grand Central Ltd 0.65 0.63 3%
Hotel Properties Ltd 2.08 1.98 5%
Mandarin Oriental International Ltd (US$) 1.36 1.37 -1%
Pan Pacific Hotels Group Limited 1.46 1.45
Shangri-La Asia Limited (HK$) 12.50 11.54 8%
Stamford Land Corporation Ltd 0.39 0.38 3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  396.00 380.00 4%
The Ambassador Hotel, Ltd  28.10 28.80 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  166,000 165,000 1%
Japan Hotel and Resort Inc 140,400 146,700 -4%
Imperial Hotel, Ltd  1,870 1,801 4%
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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