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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 9
January 2009 |
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| 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. |
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Vietnam’s
Ministry Of Planning And Investment Seeks Approval For
US$1 Billion Hotel, Leisure Project In Laos |
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to Headlines |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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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: [email protected] or [email protected] |
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Absolute
Share Price Performance, as at 9 January 2009 |
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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% |
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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. |
