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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 13
February 2009 |
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| The
newly opened five-star Hyatt Regency Hong Kong in Sha Tin, Hong
Kong, plans to leverage on its location next to the Chinese
University of Hong Kong and target multinational companies based
in the Hong Kong Science and Technology Parks, which is located
in close proximity to the hotel, besides tourists. In addition,
the five-star hotel is lowering rates to attract local guests
from Ma On Shan, Sha Tin and Tai Po as business travellers are
expected to decline. According to Hong Kong Hotels Association,
the current economic crisis has resulted in a drop in the number
of guests and hotels are looking to events such as Hong Kong
Sevens and large trade shows held in March 2009 to boost business. |
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| Four
Seasons Hotels and Resorts has announced the opening of Four
Seasons Resort Seychelles, the fourth addition to a collection
of Four Seasons resorts in the Indian Ocean, including a Mauritius
resort which was opened in 2008 and two resorts in the Maldives.
Located on a remote hillside on the southwest coast of Mahé,
Four Seasons Resort Seychelles features 67 secluded villas and
suites and 28 Four Seasons Private Residences overlooking the
bay of Petite Anse (Little Cove). In addition, the resort offers
four food and beverage outlets, including two restaurants and
two lounge bars, a function room, a wedding venue, a swimming
pool, a sports pavilion, a fitness centre, a hilltop spa, a
hair salon, a library, an art gallery and a kids’ club. |
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| The
Thai authorities have approved a US$29 million plan to assist
the tourism industry where approximately US$7.25 million will
be spent on improving Thailand’s image and investor confidence
and US$10.15 million on tourism campaigns. The remaining US$11.6
million will be utilised on marketing campaigns. The authorities
also plan to reduce taxes and duties for entrepreneurs in 2009
and details are likely to be formulated soon. The Tourism Authority
of Thailand (TAT) has earlier forecast Thailand to welcome 14.5
million visitors in 2009, a three-percent increase from 2008
figures, but arrivals have declined significantly due to the
Thai political crisis and global economic slowdown. |
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| The
global economic slowdown and the November 2008 Mumbai attacks
have caused India to suffer a 17.5% decline in international
arrivals for the month of January 2009 as compared to the same
month last year. Hence, the Indian authorities are hoping that
the 'Visit India 2009' marketing campaign to be launched in
April 2009 will be able to aid the recovery of the market. The
marketing campaign promotions include offering complimentary
international air passage for a travelling companion and one-for-one
extra night’s stay in hotels. |
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| Hong
Kong-listed Regal Hotel International (Regal) has signed a management
contract with Sichuan Master Investment Group for the management
of the Regal Master Hotel in Chengdu, Sichuan Province, China.
The five-star hotel, which features 350 keys, is scheduled to
open in September 2009. Regal also has another hotel project
in the Xindu District of Chengdu which forms part of a mixed-use
project jointly developed with Cosmopolitan International Holdings
and it is envisaged to open in 2012. Currently, Regal manages
five hotels in Hong Kong and is targeting to increase its portfolio
to between 20 and 40 hotels within the next five to ten years. |
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|
 Mumbai
is gearing up for the biggest Hotel Investment conference of
2009. HICSA - The
Fifth Hotel Investment
Conference - South Asia (HICSA) 2009 is scheduled for
April 1st and 2nd and is to be hosted at the Grand Hyatt,
Mumbai. This year brings a special treat for the industry’s
stakeholders in the form of seventeen Global CEOs who will be
speaking across a host of pertinent subjects. HICSA 2009
continues to evolve as the epicenter of business strategy for
South Asia’s hospitality industry.Travel & Tourism have taken
a beating in India over the last few months. The 26/11 attacks
caused severe distress to the already bleeding industry in late
2008. While the resilience and grit of the industry is tested in
the months ahead, HICSA will provide the platform for discussion
and debate to the who’s who of the Hospitality world. A
confluence of Hotel owners, operators, brands, development
teams, bankers, architectural & design firms, private equity
players, consultants and other industry experts is sure to make
this 2 day event a strategic center for the formulation of the
industry’s path ahead. Notable speakers at HICSA 2009 will
include John Gabriel Peres – President & CEO, Movenpick
Hotels & Resorts, Arne Sorenson - EVP, CFO and President
of Continental European Lodging, Marriott International,
Gamal Aziz - President and Chief Executive Officer, MGM
MIRAGE Hospitality, Meinhard Huck – President, Swissotel
Hotels & Resort, Gerald F. Lawless - Executive Chairman,
Jumeirah Group, Dr. Naresh Trehan - Chairman and Managing
Director, Global Health, Thomas F. Hewitt - Chief
Executive Officer and Director, Interstate Hotels and Resorts,
Jay H Shah – CEO, Hersha Hospitality Trust and Peter
Gowers – Chief Executive, Asia Pacific, Intercontinental
Hotel Group.
HICSA 2009 is set to offer more opportunities for business
meeting and networking than ever before with the advent of
HICSA Live
Wire. This powerful online portal will give the HICSA
2009 delegates the ability to do the deals and meet the most
influential decision makers by facilitating meetings with other
delegates, speakers or sponsors via the live networking tool.
HVS will also be announcing the first ever
HICSA Hotels of
the Year Awards – 2009. These awards have been
instituted to acknowledge outstanding new hotel developments in
the last one year in the South Asia region. The awards will be
conferred upon for two main categories:
- Best Luxury / Upscale Hotel
- Best Mid Market / Budget Hotel
Some of the early nominations received are already setting
the stage for a healthy competition and the best hotel of the
year - across both categories – is certain to be an excellent
product with an exceptional service culture.
For further information, visit
www.hicsaconference.com or contact HVS India at +91 124 461
6000.
HICSA Home |
Agenda
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Speakers |
Registration
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Accommodation |
Partners |
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Absolute
Share Price Performance, as at 13 February 2009 |
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Closing Share Price as at |
13
February 2009 |
6
February 2009 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.45 |
4.45 |
– |
| General
Property Group |
0.54 |
0.61 |
-11% |
| Mirvac
Group |
1.01 |
0.98 |
3% |
| Ocean
Capital Limited |
0.30 |
0.30 |
– |
| Thakral
Holdings Group |
0.41 |
0.45 |
-9% |
| Living
and Leisure Australia Group |
0.02 |
0.02 |
– |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
3.14 |
3.12 |
1% |
| Dusit
Thani Public Co Ltd |
20.10 |
19.00 |
6% |
| The
Erawan Group Public Limited |
1.32 |
1.24 |
6% |
| Grande
Asset Development |
2.18 |
2.18 |
– |
| Laguna
Resorts & Hotel Public Co Ltd |
24.30 |
24.30 |
0% |
| Minor
International PCL |
7.40 |
7.45 |
-1% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
5.40 |
5.40 |
– |
| Regal
Hotels International Holdings Ltd |
1.91 |
1.99 |
-4% |
| Sino
Hotels Holdings Ltd |
2.75 |
2.75 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
5.23 |
5.27 |
-1% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.23 |
0.23 |
– |
| ART
Management Pte Ltd |
0.47 |
0.48 |
-1% |
| Banyan
Tree Holdings Limited |
0.42 |
0.47 |
-11% |
| CDL
HTrust |
0.55 |
0.53 |
3% |
| Hotel
Grand Central Ltd |
0.52 |
0.54 |
-4% |
| Hotel
Plaza Ltd |
1.16 |
1.06 |
9% |
| Hotel
Properties Ltd |
1.04 |
1.09 |
-5% |
| Mandarin
Oriental International Ltd (US$) |
0.84 |
0.82 |
2% |
| Shangri-La
Asia Ltd |
8.70 |
8.32 |
5% |
| Stamford
Land |
0.26 |
0.27 |
-4% |
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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. |
