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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 9 January 2009
Reduced Hotel And Travel Costs In Tibet To Revive Tourism
Vietnam’s Ministry Of Planning And Investment Seeks Approval For US$1 Billion Hotel, Leisure Project In Laos
Four Points By Sheraton Opening In Kuching, Sarawak
Indonesia Records Increase In Number Of International Arrivals
India’s Bharat Hotels Changes Its Brand Name To ‘The Lalit’
HVS, BISU And BHI To Host 5th China Hotel Investment Summit In April 2009
Absolute Share Price Performance, As At 9 January 2009
 
Reduced Hotel And Travel Costs In Tibet To Revive Tourism Return to Headlines
In order to revitalise tourism in Tibet, China, the Chinese authorities have introduced a new campaign to attract approximately three million tourists to Tibet in 2009 through trimming travel and hotel costs. Hotel levies and train fares between Beijing and Lhasa have been reduced by up to 70% and 80%, respectively. Due to political unrest and riots in 2008, Tibet’s tourist arrivals and tourism receipts declined significantly by 69% and 72%, respectively, in the first half of 2008, compared to 2007 in which the local government earned approximately US$702 million.
 
Vietnam’s Ministry Of Planning And Investment Seeks Approval For
US$1 Billion Hotel, Leisure Project In Laos
Return to Headlines
Vietnam’s Ministry of Planning and Investment (MoPI) has submitted a US$1 billion investment project, which comprises a golf course, five-star hotels and hostels, in Vientiane, Laos, to Vietnam’s Prime Minister for approval. Upon approval, this project is expected to be Vietnam’s largest overseas investment. According to the MoPI, Vietnam is currently the largest foreign investor in Laos with a total of 146 projects or an investment of approximately US$1.5 billion in Laos. During the first 11 months of 2008, Vietnam had 52 projects in Laos with a total registered capital of US$450 million.
 
Four Points By Sheraton Opening In Kuching, Sarawak Return to Headlines
The 421-key Four Points by Sheraton Kuching, which is owned by Global Upline Sdn Bhd (Global Upline), is scheduled to open in Kuching, Sarawak in East Malaysia by the end of January 2008. Being the first international hotel to open in Kuching in almost two decades, Global Upline is optimistic that the new hotel will cater to the rising demand for hotel rooms in the city and added that a mid-tier hotel suits the current global economic condition. In addition, the group is also planning to develop another property in Kuching in the near future.
 
Indonesia Records Increase In Number Of International Arrivals Return to Headlines
According to the Central Bureau of Statistics (BPS), Indonesia welcomed a total of 5.62 million international visitors in the first 11 months of 2008, reflecting a 12.8% growth from the 4.99 million recorded over the same period in 2007. Bali, Indonesia’s most popular tourist destination, recorded a 16.4% growth to 172,800 international arrivals in the first 11 months of 2008. The Indonesian authorities are targeting to earn US$7.5 billion from the tourism sector and welcome 6.5 million international visitors, a 13% increase from 2007, in 2008.
 
India’s Bharat Hotels Changes Its Brand Name To ‘The Lalit’ Return to Headlines
To commemorate its late founder Lalit Suri, Bharat Hotels has changed its brand name to ‘The Lalit’ from the previous ‘The Grand’. The change also signifies the end of Bharat Hotels’ franchise agreement with The InterContinental which the hotels in Goa and Mumbai will see out. Bharat Hotels is targeting to add ten more hotels and double its current room count of 1,500, including two properties in Dubai and Koh Samui. In addition, the group is planning to develop 20 budget hotels, averaging 20 to 50 keys each, in India.
 
HVS, BISU And BHI To Host 5th China Hotel Investment Summit In April 2009 Return to Headlines
The theme for the upcoming China Hotel Investment Summit (CHIS) 2009 is ‘FOCUS ON CHINA – ASIA’S POWERHOUSE’. China provides a long-term growth market for many domestic, regional and global firms. Keeping abreast of the latest events and market trends, and how these changes can shape businesses going forward, is of primary importance especially in the current difficult global market conditions. Networking, and sharing of best practices, will better prepare us to navigate through challenging situations and realising new opportunities. CHIS 2009 hopes to provide a platform for hospitality real estate stakeholders to network, explore new ideas and opportunities in this vast market of 1.3 billion people.

Entering its fifth installment, CHIS is the most established and successful hotel investment conference in China. It is widely recognised as an international level event held in Shanghai annually and attended by over 600 industry leaders, owners, developers, investors, financiers and professionals from China and 22 other countries. Co-hosted by Beijing International Studies University (BISU), Beijing Hospitality Institute (BHI) and HVS, the 2009 event is expected to be an important platform for key industry players with an interest in China.

More information on CHIS can be obtained from www.chinahotelsummit.com

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 9 January 2009
 
Closing Share Price as at 9 January 2009 2 January 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings 4.60 4.50 2%
General Property Group 0.91 0.93 -2%
Mirvac Group 1.32 1.30 2%
Ocean Capital Limited 0.30 0.30
Thakral Holdings Group 0.44 0.40 10%
Living and Leisure Australia Group 0.03 0.03
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.24 3.06 6%
Dusit Thani Public Co Ltd 20.00 19.50 3%
The Erawan Group Public Limited 1.39 1.43 -3%
Grande Asset Development 2.18 2.18
Laguna Resorts & Hotel Public Co Ltd 25.75 25.50 1%
Minor International PCL 7.95 7.90 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel International Ltd 5.61 5.11 10%
Regal Hotels International Holdings Ltd 2.13 2.15 -1%
Sino Hotels Holdings Ltd 2.90 2.81 3%
The Hong Kong & Shanghai Hotels Ltd 6.73 5.77 17%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.23 0.22 5%
ART Management Pte Ltd 0.58 0.63 -8%
Banyan Tree Holdings Limited 0.50 0.46 10%
CDL HTrust 0.72 0.76 -5%
Hotel Grand Central Ltd 0.55 0.56 -2%
Hotel Plaza Ltd 1.10 1.12 -2%
Hotel Properties Ltd 1.15 1.14 1%
Mandarin Oriental International Ltd (US$) 0.99 0.98 2%
Shangri-La Asia Ltd 9.30 9.36 -1%
Stamford Land 0.25 0.26 -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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