HVS Website
Sign up to automatically receive HVS mailings
 
Featured in this Asia Pacific Hospitality Newsletter - Week Ending 2 January 2009
Priority To Rebuild Thailand’s Image
Visitors To Hong Kong Increased In 2008 But Fell Short Of Target
Beijing To Spend US$147 Million On Tourism Infrastructure Upgrades
Australia Likely To Suffer A Decline In Tourism In 2009
Sabari Expands Its Portfolio In India
HVS, BISU And BHI To Host 5th China Hotel Investment Summit In April 2009
Absolute Share Price Performance, As At 2 January 2009
 
Priority To Rebuild Thailand’s Image Return to Headlines
Thailand is expected to give top priority to rebuild the country’s image abroad to help revive the cash-rich and critical tourism sector. The political unrest that resulted in the closure of the Bangkok Suvarnabhumi Airport had severely affected the country’s foreign direct investment (FDI) and tourism industry. FDI dropped from approximately US$11 billion in 2007 to US$5 billion in 2008. In 2009, FDI is expected to decline further to less than US$5 billion. Currently, the tourism industry is facing a sharp decline in bookings and business during the peak season period which usually make up 40% of total revenues for the year.
 
Visitors To Hong Kong Increased In 2008 But Fell Short Of Target Return to Headlines
The Hong Kong Tourism Board announced that by 20 December 2008, Hong Kong welcomed a total of 28 million visitors, a 5.1% increase compared to 2007. However, this figure was three percentage points below the board’s target for annual growth. Although the number of mainland Chinese visitors increased by 12% since September 2008, during this period, the number of long-haul visitors from Europe and the United States declined by 12% while those from Southeast Asia fell by 6%. The decline in visitor arrivals was due mainly to the global financial crisis and Olympic events held in the city in August 2008. With the relaxation of travel visa regulations allowing mainland Chinese from other provinces who lived in Shenzhen to apply for Hong Kong visas through the individual visitor scheme without returning to their home provinces, the number of visitors from mainland China is expected to experience double-digit growth in 2009.
 
Beijing To Spend US$147 Million On Tourism Infrastructure Upgrades Return to Headlines
According to the Chinese authorities, Beijing, China’s capital, is expected to spend US$147 million between 2009 and 2010 on building new tourist attractions and upgrading existing tourist zones. The city, which welcomed 4.36 million international visitors and 143 million domestic visitors in 2007, recorded a total of approximately US$26 billion in tourism revenue during the same year. This forms around 7% of Beijing’s gross domestic product. The authorities are targeting average growth rates of 7% and 5% for international tourism and domestic tourism, respectively, from 2009 to 2012. In addition, Beijing is seeking to more than double its tourism revenue to approximately US$59 billion by 2012.
 
Australia Likely To Suffer A Decline In Tourism In 2009 Return to Headlines
According to Tourism Australia’s Tourism Forecast Committee, international arrivals are expected to fall by 4.1% in 2009 due to the global financial crisis, which is likely to be the worst decline since 1989. The number of domestic trips, which were initially predicted to improve due to falling fuel prices and the weakening Australian dollar, is also forecast to drop by 0.9% but the fall is likely to be offset by a rise in spending. This rise in spending stems from the expected increase in domestic spending due to the decrease in outbound travel of Australians. Total tourism revenue is expected to record approximately US$64.6 billion in 2009.
 
Sabari Expands Its Portfolio In India Return to Headlines
The Sabari Group of Hotels (Sabari) has acquired three Nilgiris Nest hotels, totalling 99 rooms, in Chennai, Bangalore and Coimbatore, respectively, at a combined cost of approximately US$20.4 million and these hotels will be rebranded as Sabari’s Nest hotels. Sabari is also adding three Sabari Inn hotels, each offering 120 keys, in Coimbatore, Pune and Bangalore which are expected to commence operations by end-2009, end-2010 and first quarter of 2011, respectively. In addition, Sabari also acquired a 50-room hotel in the hill resort of Kodaikanal which would be upgraded to a four-star hotel. These investments are expected to total approximately US$81.7 million.
 
HVS, BISU And BHI To Host 5th China Hotel Investment Summit In April 2009 Return to Headlines
FOCUS ON CHINA – ASIA’S POWERHOUSE

HVS, Beijing International Studies University (BISU) and Beijing Hospitality Institute (BHI) will be co-hosting the China Hotel Investment Summit (CHIS) for the fifth time from 22 to 24 April 2009. The Summit will be organised jointly by HVS and Phoenix Consulting, and the event will be held at Grand Hyatt Shanghai.

The Summit will witness a gathering of hospitality captains, business leaders and hotel investors from China and around the world to discuss the latest hotel investment trends and market developments in Greater China and the rest of Asia. The theme of the 2009 Conference is `Focus on China – Asia’s Powerhouse’. The Summit has invited leading expert speakers and panellists, as well as organised social events for networking opportunities to be maximised.

To register as a delegate or participate as a sponsor, please visit http://www.chinahotelsummit.com.

Dates: 22–24 April 2009
Venue: Grand Hyatt Shanghai

For other information and queries, please contact:
Adeline Phua
HVS
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: aphua@hvs.com or chis@chinahotelsummit.com
 
Absolute Share Price Performance, as at 2 January 2009
 
Closing Share Price as at 2 January 2009 26 December 2008 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings 4.50 4.27 5%
General Property Group 0.93 0.91 2%
Mirvac Group 1.30 1.32 -2%
Ocean Capital Limited 0.30 0.30
Thakral Holdings Group 0.40 0.40
Living and Leisure Australia Group 0.03 0.03
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.06 3.08 -1%
Dusit Thani Public Co Ltd 19.50 19.50
The Erawan Group Public Limited 1.43 1.45 -1%
Grande Asset Development 2.18 1.70 28%
Laguna Resorts & Hotel Public Co Ltd 25.50 24.50 4%
Minor International PCL 7.90 7.85 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel International Ltd 5.11 5.22 -2%
Regal Hotels International Holdings Ltd 2.15 1.99 8%
Sino Hotels Holdings Ltd 2.81 2.75 2%
The Hong Kong & Shanghai Hotels Ltd 5.77 5.90 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.22 0.20 10%
ART Management Pte Ltd 0.63 0.57 10%
Banyan Tree Holdings Limited 0.46 0.44 3%
CDL HTrust 0.76 0.71 6%
Hotel Grand Central Ltd 0.56 0.50 12%
Hotel Plaza Ltd 1.12 1.09 3%
Hotel Properties Ltd 1.14 1.05 9%
Mandarin Oriental International Ltd (US$) 0.98 0.95 3%
Shangri-La Asia Ltd 9.36 7.00 34%
Stamford Land 0.26 0.26
 
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.
   
Copyright 2009 HVS. All Rights Reserved Terms Of Use | Contact Us