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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 28 August 2009 |
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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. |
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Filipino And Malaysian Businessmen Plan Resort Investment In
Tawi-Tawi, The Philippines |
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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. |
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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. |
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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. |
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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. |
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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'. |
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Absolute Share Price Performance, as at
28 August 2009
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Closing Share Price as at |
28 August 2009 |
21 August 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.94 |
5.66 |
5% |
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General Property Group |
0.62 |
0.54 |
15% |
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Mirvac Group |
1.42 |
1.25 |
13% |
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Ocean Capital Limited |
0.40 |
0.40 |
– |
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Thakral Holdings Group |
0.32 |
0.24 |
33% |
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Living and Leisure Australia Group |
0.03 |
0.03 |
27% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.80 |
3.60 |
6% |
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Dusit Thani Public Co Ltd |
28.50 |
26.50 |
8% |
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The Erawan Group Public Co Ltd |
2.28 |
2.26 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.45 |
1.39 |
4% |
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Laguna Resorts & Hotel Public Co Ltd |
32.25 |
29.00 |
11% |
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Minor International Public Co Ltd |
11.20 |
10.30 |
9% |
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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 |
19.59 |
16.60 |
18% |
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Jinling Hotel Corporation Ltd |
7.23 |
7.14 |
1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
6.52 |
6.34 |
3% |
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Guangzhou Dong Fang Hotel Co Ltd |
6.89 |
6.76 |
2% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.10 |
5.12 |
– |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
25.40 |
26.02 |
-2% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.95 |
7.79 |
2% |
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Regal Hotels International Holdings Ltd |
2.53 |
2.49 |
2% |
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Sino Hotels Holdings Ltd |
2.66 |
2.65 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
8.75 |
8.75 |
– |
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Korea Exchange (KRW) |
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The Shilla |
15,650 |
15,650 |
– |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.54 |
0.37 |
46% |
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ART Management Limited |
0.89 |
0.84 |
6% |
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Banyan Tree Holdings Limited |
0.88 |
0.82 |
7% |
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CDL HTrust |
1.38 |
1.23 |
12% |
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Hotel Grand Central Ltd |
0.65 |
0.63 |
3% |
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Hotel Properties Ltd |
2.08 |
1.98 |
5% |
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Mandarin Oriental International Ltd (US$) |
1.36 |
1.37 |
-1% |
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Pan Pacific Hotels Group Limited |
1.46 |
1.45 |
– |
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Shangri-La Asia Limited (HK$) |
12.50 |
11.54 |
8% |
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Stamford Land Corporation Ltd |
0.39 |
0.38 |
3% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
396.00 |
380.00 |
4% |
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The Ambassador Hotel, Ltd |
28.10 |
28.80 |
-2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
166,000 |
165,000 |
1% |
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Japan Hotel and Resort Inc |
140,400 |
146,700 |
-4% |
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Imperial Hotel, Ltd |
1,870 |
1,801 |
4% |
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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. |
