| Sign
up to automatically receive HVS mailings |
| |
 |
Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 2
January 2009 |
 |
|
 |
|
|
| |
| |
|
| 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. |
|
| |
| |
|
| 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. |
|
| |
| |
|
| 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. |
|
| |
| |
|
| 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. |
|
| |
| |
|
| 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$81.7 million. |
|
| |
| |
|
FOCUS
ON CHINA – ASIA’S POWERHOUSE
HVS, Beijing International Studies University (BISU) and Beijing
Hospitality Institute (BHI) will be co-hosting the China Hotel
Investment Summit (CHIS) for the fifth time from 22 to 24 April
2009. The Summit will be organised jointly by HVS and Phoenix
Consulting, and the event will be held at Grand Hyatt Shanghai.
The Summit will witness a gathering of hospitality captains,
business leaders and hotel investors from China and around the
world to discuss the latest hotel investment trends and market
developments in Greater China and the rest of Asia. The theme
of the 2009 Conference is `Focus on China – Asia’s
Powerhouse’. The Summit has invited leading expert speakers
and panellists, as well as organised social events for networking
opportunities to be maximised.
To register as a delegate or participate as a sponsor, please
visit http://www.chinahotelsummit.com.
Dates: 22–24 April 2009
Venue: Grand Hyatt Shanghai
For other information and queries, please contact:
Adeline Phua
HVS
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: [email protected] or [email protected] |
|
| |
|
Absolute
Share Price Performance, as at 2 January 2009 |
| |
|
Closing Share Price as at |
2
January 2009 |
26
December 2008 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.50 |
4.27 |
5% |
| General
Property Group |
0.93 |
0.91 |
2% |
| Mirvac
Group |
1.30 |
1.32 |
-2% |
| Ocean
Capital Limited |
0.30 |
0.30 |
– |
| Thakral
Holdings Group |
0.40 |
0.40 |
– |
| Living
and Leisure Australia Group |
0.03 |
0.03 |
– |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
3.06 |
3.08 |
-1% |
| Dusit
Thani Public Co Ltd |
19.50 |
19.50 |
– |
| The
Erawan Group Public Limited |
1.43 |
1.45 |
-1% |
| Grande
Asset Development |
2.18 |
1.70 |
28% |
| Laguna
Resorts & Hotel Public Co Ltd |
25.50 |
24.50 |
4% |
| Minor
International PCL |
7.90 |
7.85 |
1% |
| Hong
Kong Stock Exchange (HK$) |
| 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 |
| |
|
| |
| 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. |
