|
Sign up to automatically receive HVS mailings |
| |
|
Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 17 July 2009 |
|
 |
| |
| |
| |
|
|
|
Chinese investors are expected to invest in 15 to 16 four-star
or five-star hotels in Thailand for approximately US$35
million to US$44 million each as the owners of these hotels
are facing financial difficulties amid the ongoing global
economic downturn and Influenza A(H1N1) flu epidemic which
have resulted in drastic decline in the hotels' revenues.
Thailand's Board of Investment has been assigned to
negotiate with the Chinese investors on their investment in
the country's hospitality sector. |
|
| |
| |
|
|
|
Osaka-based Sun Capital Management Corporation has announced
plans to collaborate with an affiliate of US movie company
Paramount Pictures Corporation to develop a theme park,
Paramount Resort Osaka, in Suita, Osaka Prefecture, Japan.
Located on the site of the unsuccessful Expoland amusement
park, the theme park is expected to comprise entertainment
facilities and a five-star hotel. The plan for the theme
park development is envisaged as ‘the possible core of
Osaka's entertainment city initiative' according to Osaka
Governor, Toru Hashimoto. |
|
| |
| |
|
|
|
The four-star 570-key Concorde Hotel Kuala Lumpur is expected
to undergo a three-year renovation at approximately US$11.4
million over three phases. Phase 1 of refurbishment which is
estimated to cost around US$1.4 million has commenced on 15
June 2009 and involved the facelift of 207 rooms located on
five floors of the hotel. Approximately US$4.3 million has
been allocated to refurbish the remaining 362 rooms and the
rest of the funds will be used to upgrade supporting
facilities such as ballroom and meeting rooms by 2012.
Additionally, the Concorde hotel chain also has plans to
refurbish the 14-year-old Concorde Inn Sepang for around
US$1.1 million in the second half of 2010. |
|
| |
| |
|
|
|
The Leela Palaces, Hotels and Resorts (Leela) is forecast to
invest approximately US$457 million by 2010 as part of its
plans to open seven new properties across India by 2013. Two
new hotels in Delhi and Chennai are expected to be completed
by end of 2009 while five properties in Udaipur, Pune,
Hyderabad, Kovalam and Kolkata are envisaged to open by
2013. Currently, Leela operates six hotels across India,
totalling approximately 1,800 rooms. Once the seven new
properties are in operation, the group's room inventory is
expected to total 2,650 keys. |
|
| |
| |
|
|
|
Macau's hotels recorded an average occupancy of 59.4% in May
2009, the lowest level since the height of SARS which saw
average occupancies decline to 32.7%. Visitor arrivals fell
to 1.59 million in the same month, reflecting an approximate
20% decline from May 2008 and an approximate 15% decline
from April 2009, despite dual holidays. Similarly, casino
revenue declined by 17% from the same month in 2008,
recording at approximately US$1.05 billion in June 2009.
This figure also represented a 6% decline from the estimated
US$1.12 billion received in May 2009. With regard to the
room inventory in the market, it has remained relatively
unchanged at approximately 17,500 units since the opening of
the 430-key hotel tower at SJM Holdings' Grand Lisboa in
December 2008. |
|
| |
| |
|
|
|
According to official reports, Taiwan is expected to welcome
up to 700,000 mainland Chinese tourists in 2009, or
approximately 2,000 arrivals a day. In April 2009, the
authorities increased the quota on mainland Chinese tourists
to 5,000 a day in response to a sharp increase in demand
during the Labour Day holidays in May 2009. However, the
actual arrivals figures have been declining since then due
to the typical low season in June and the Influenza (H1N1)
outbreak. The authorities have forecast that investments in
the tourism industry are likely to flourish if the mainland
Chinese arrivals maintain at 2,000 a day. Since July 2008,
there have been approximately 360,000 mainland Chinese
tourists visiting Taiwan. |
|
| |
|
|
Absolute Share Price Performance, as at
17 July 2009
|
| |
|
Closing Share Price as at |
17 July 2009 |
10 July 2009 |
% Change |
|
Australia Stock Exchange (ASX) |
|
Amalgamated Holdings Limited |
4.40 |
4.35 |
1% |
|
General Property Group |
0.53 |
0.51 |
4% |
|
Mirvac Group |
1.20 |
1.10 |
9% |
|
Ocean Capital Limited |
0.35 |
0.32 |
9% |
|
Thakral Holdings Group |
0.21 |
0.24 |
-15% |
|
Living and Leisure Australia Group |
0.02 |
0.02 |
5% |
|
Bangkok Stock Exchange (THB) |
|
Central Plaza Hotel Public Co Ltd |
2.98 |
2.98 |
– |
|
Dusit Thani Public Co Ltd |
26.50 |
26.50 |
– |
|
The Erawan Group Public Co Ltd |
1.70 |
1.69 |
1% |
|
Grande Asset Hotels and Property Public Co Ltd |
1.50 |
1.53 |
-2% |
|
Laguna Resorts & Hotel Public Co Ltd |
25.50 |
25.00 |
2% |
|
Minor International Public Co Ltd |
7.35 |
7.40 |
-1% |
|
China Shanghai Stock Exchange (RMB) |
|
Shanghai Jinjiang International Hotels Development |
21.59 |
19.36 |
12% |
|
Beijing Capital Tourism Co Ltd |
17.30 |
17.20 |
1% |
|
Jinling Hotel Corporation Ltd |
7.93 |
7.74 |
2% |
|
China Shenzhen Stock Exchange (RMB) |
|
Hunan Huatian Great Hotel Co Ltd |
8.18 |
7.35 |
11% |
|
Guangzhou Dong Fang Hotel Co Ltd |
8.70 |
8.57 |
2% |
|
Shenzhen Century Plaza Hotel Co Ltd |
6.04 |
6.07 |
– |
|
NASDAQ (US$) |
|
Home Inns & Hotels Management Inc |
15.51 |
13.84 |
12% |
|
Hong Kong Stock Exchange (HK$) |
|
Miramar Hotel & Investment Co Ltd |
7.35 |
7.27 |
1% |
|
Regal Hotels International Holdings Ltd |
1.98 |
1.90 |
4% |
|
Sino Hotels Holdings Ltd |
2.55 |
2.50 |
2% |
|
The Hong Kong & Shanghai Hotels Ltd |
8.65 |
7.75 |
12% |
|
Korea Exchange (KRW) |
|
The Shilla |
15,100 |
15,850 |
-5% |
|
Singapore Stock Exchange (S$) |
|
Amara Holdings Ltd |
0.30 |
0.30 |
– |
|
ART Management Limited |
0.81 |
0.68 |
18% |
|
Banyan Tree Holdings Limited |
0.56 |
0.55 |
2% |
|
CDL HTrust |
0.95 |
0.84 |
14% |
|
Hotel Grand Central Ltd |
0.56 |
0.58 |
-3% |
|
Hotel Properties Ltd |
1.65 |
1.53 |
8% |
|
Mandarin Oriental International Ltd (US$) |
1.24 |
1.24 |
– |
|
Pan Pacific Hotels Group Limited |
1.31 |
1.23 |
7% |
|
Shangri-La Asia Limited (HK$) |
11.50 |
10.90 |
6% |
|
Stamford Land Corporation Ltd |
0.34 |
0.31 |
10% |
|
Taiwan Stock Exchange (NT$) |
|
Formosa International Hotels Corporation |
438.00 |
485.00 |
-10% |
|
The Ambassador Hotel, Ltd |
38.05 |
39.05 |
-3% |
|
Tokyo Stock Exchange (JPY) |
|
Nippon Hotel Fund Investment Corporation |
153,800 |
153,900 |
– |
|
Japan Hotel and Resort Inc |
151,000 |
151,200 |
– |
|
Imperial Hotel, Ltd |
1,820 |
1,925 |
-5% |
|
| |
|
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. |
