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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 24 July 2009 |
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HICSA 2010 is scheduled for April 7th and 8th, 2010 and is to
be hosted at the Grand Hyatt, Mumbai. Over the past five
years the conference has played host to 30 global CEOs,
2,200 plus delegates, and has had a wide range of attendees
from owners, real estate developers, operators, bankers,
architects and consultants. This exclusive event promises to
once again line up some of the best known global faces of
the hospitality industry. The conference has been regarded
by many as the best networking opportunity in the region and
a must attend for all associated to the hotel industry.
Click here to view the website. |
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Wyndham Hotel Group’s second largest brand in China, Ramada
Worldwide, has announced plans to increase its presence in
China with the development of two new hotels in Chongqing,
namely the 255-key Ramada Plaza Dazu and the 250-key Ramada
Plaza Hechuan. These two hotels are developed under
franchise agreements with Chongqing Huadi Wangchao Hotel
Company Limited. Built to a height of nine storey each, the
Ramada Plaza Dazu and Ramada Plaza Hechuan are expected to
be operational in the first quarter of 2010 and by the end
of the third quarter of 2009, respectively. The Ramada Plaza
Dazu is expected to feature five food and beverage outlets
and 1,400 square metres of meeting space, including a
580-square-metre ballroom. The Ramada Plaza Hechuan is
envisaged to feature four food and beverage outlets and
1,200 square metres of meeting space including a
600-square-metre ballroom. |
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Starwood Hotels And Resorts In Talks For More Hotel
Investments In Malaysia |
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Starwood Hotels and Resorts Worldwide Inc (Starwood) is
currently in talks with several parties for the possibility
of new hotel openings under the group’s brands in the
secondary states of Malaysia, including Penang, Malacca and
the Iskandar Development Region in Johor. Currently,
Starwood operates eight hotels in Malaysia with a total room
inventory of 2,800. Additionally, the group will open the
300-key Four Points by Sheraton Sandakan, Sabah in 2011 and
the 200-key luxury The St Regis Kuala Lumpur in 2014. |
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To be located adjacent to the National Convention Centre
within Tu Liem District in Hanoi, Vietnam, the new 450-key
JW Marriott Hotel Hanoi will be Marriott International Inc’s
(Marriott) first hotel in the city. In accordance to the
city’s masterplan through 2020, the nine-storey hotel is
envisaged to be complemented by high-end residential
apartments and townhouses, office buildings and recreational
green space in its vicinity upon opening. The hotel, which
is developed at a cost of US$130 million, will be seeking to
target incentive and meeting travellers to Hanoi. |
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According to the local authorities, hotel occupancy across
Indonesia has remained stable in the aftermath of the bomb
blasts, which destroyed parts of JW Marriott Hotel Jakarta
and The Ritz-Carlton, Jakarta, in the capital city. The
occupancy trends of hotels in Jakarta have not shown any
significant fluctuations while Bali hotels have not reported
declines in occupancy. However, there have been minor groups
of guests transferring from foreign-controlled hotels to
local luxury ones. In addition, local hoteliers have warned
of the repercussions of visitors avoiding Indonesia if there
is no progress with the investigation of the bombings. |
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Accor SA (Accor) has entered into an agreement with Auckland
International Airport and Tainui Group Holdings to jointly
develop and operate a 260-key Novotel hotel at Auckland
Airport. Located within walking distance from both the
international and domestic terminals, the hotel is likely to
offer extensive meeting facilities and two food and beverage
outlets as well as leisure amenities. The hotel, which will
be developed at a total cost of approximately US$43 million,
is scheduled to commence operations in time for the Rugby
World Cup in 2011. |
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Absolute Share Price Performance, as at
24 July 2009
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Closing Share Price as at |
24 July 2009 |
17 July 2009 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
4.50 |
4.40 |
2% |
General Property Group |
0.53 |
0.53 |
– |
Mirvac Group |
1.21 |
1.20 |
– |
Ocean Capital Limited |
0.32 |
0.35 |
-9% |
Thakral Holdings Group |
0.21 |
0.21 |
– |
Living and Leisure Australia Group |
0.02 |
0.02 |
– |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
3.06 |
2.98 |
3% |
Dusit Thani Public Co Ltd |
27.00 |
26.50 |
2% |
The Erawan Group Public Co Ltd |
1.71 |
1.70 |
1% |
Grande Asset Hotels and Property Public Co Ltd |
1.40 |
1.50 |
-7% |
Laguna Resorts & Hotel Public Co Ltd |
26.00 |
25.50 |
2% |
Minor International Public Co Ltd |
8.20 |
7.35 |
12% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
21.78 |
21.59 |
1% |
Beijing Capital Tourism Co Ltd |
18.66 |
17.30 |
8% |
Jinling Hotel Corporation Ltd |
7.98 |
7.93 |
1% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
7.72 |
8.18 |
-6% |
Guangzhou Dong Fang Hotel Co Ltd |
8.26 |
8.70 |
-5% |
Shenzhen Century Plaza Hotel Co Ltd |
5.78 |
6.04 |
-4% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
17.39 |
15.51 |
12% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
7.55 |
7.35 |
3% |
Regal Hotels International Holdings Ltd |
2.10 |
1.98 |
6% |
Sino Hotels Holdings Ltd |
2.60 |
2.55 |
2% |
The Hong Kong & Shanghai Hotels Ltd |
8.87 |
8.65 |
3% |
Korea Exchange (KRW) |
The Shilla |
15,800 |
15,100 |
5% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.35 |
0.30 |
17% |
ART Management Limited |
0.89 |
0.81 |
10% |
Banyan Tree Holdings Limited |
0.64 |
0.56 |
14% |
CDL HTrust |
1.06 |
0.95 |
12% |
Hotel Grand Central Ltd |
0.63 |
0.56 |
13% |
Hotel Properties Ltd |
1.85 |
1.65 |
12% |
Mandarin Oriental International Ltd (US$) |
1.26 |
1.24 |
2% |
Pan Pacific Hotels Group Limited |
1.42 |
1.31 |
8% |
Shangri-La Asia Limited (HK$) |
12.00 |
11.50 |
4% |
Stamford Land Corporation Ltd |
0.38 |
0.34 |
12% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
435.00 |
438.00 |
-1% |
The Ambassador Hotel, Ltd |
38.80 |
38.05 |
2% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
157,200 |
153,800 |
2% |
Japan Hotel and Resort Inc |
147,200 |
151,000 |
-3% |
Imperial Hotel, Ltd |
1,930 |
1,820 |
6% |
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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. |