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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 3 July 2009
C C Land And New World China Build Hotel In Chongqing
Investment In Malaysian Hotels Plunge
Japan Relaxes Visa Policy For Mainland Chinese Travellers
International Arrivals To Indonesia Rise In The First Five Months Of 2009
Anchor Land Acquires Admiral Hotel In Manila
CTC Holidays Opens First Hotel In Shanghai
Absolute Share Price Performance, As At 3 July 2009
C C Land And New World China Build Hotel In Chongqing Return to Headlines
C C Land Holdings Limited (C C Land) has announced its partnership with New World China Land Limited to develop a hotel project in Yubei District, Chongqing, China. C C Land is expected to acquire a 20% stake in the hotel development for approximately US$7.56 million or US$469 per square metre of potential floor area. The hotel project which has a potential floor area of 80,661 square metres is expected to be completed in 2012 and comprises a five-star hotel, an extended-stay hotel and 500 parking spaces. The hotel project is part of a mixed-use development which consists of shopping malls, hotels, office buildings and apartments, covering a floor area of 400,000 square metres.
Investment In Malaysian Hotels Plunge Return to Headlines
Hotel investments in Malaysia plunged fivefold from approximately US$340 million worth of transactions in 2005 to US$58.1 million in 2008. In 2008, there was also less foreign interest in hotel investments compared to 2006 and 2007 where more than 60% of the hotel transactions were by foreigners. However, hotel investment momentum is expected to pick up in 2009 with foreign investors showing interest in the Malaysian hotel market again. The market has already witnessed the sale of Novotel Hydro Majestic in Kuala Lumpur to The Nomad Residences Sdn Berhad. Other hotels up for sale include the Hotel Equatorial Malacca and Hydro Hotel Penang.
Japan Relaxes Visa Policy For Mainland Chinese Travellers Return to Headlines
With effect from 1 July 2009, Japan will issue visas to individual mainland Chinese tourists with ‘good references in terms of occupation, financial resources and other factors'. The policy change is in line with the country's bilateral agreement signed during Japan Prime Minister Taro Aso's visit to China in April 2009. Prior to this, Japan only issued visas to mainland Chinese tourists travelling in groups of five to 40 people accompanied by Japanese and mainland Chinese tour guides, as well as issuing visas to two to three people travelling as a family (also with a tour guide), given that the family has an annual income of US$36,700. Japan expects the total number of mainland Chinese visitors to increase to 1.25 million by 2010.
International Arrivals To Indonesia Rise In The First Five Months Of 2009 Return to Headlines
During the first five months of 2009, the number of international arrivals to Indonesia recorded at 2.41 million arrivals, reflecting a 1.7% growth from the same period in 2008. Bali, the country's main tourism destination, recorded an approximate 3% increase from the same month in 2008 to register 441,300 international arrivals in May 2009. Tourism authorities have forecast international arrivals to Indonesia to record between 6.25 million to 6.5 million arrivals for 2009, as compared with 6.4 million arrivals in 2008. Tourism receipts are expected to register approximately US$6.5 billion in 2009, from an estimated US$7.6 billion in 2008.
Anchor Land Acquires Admiral Hotel In Manila Return to Headlines
Anchor Land Holdings Inc (Anchor Land) has announced that it has acquired Admiral Hotel in Roxas Boulevard within the prime Manila Bay area in the Philippines. Forming part of the company's US$83 million investment in the area, Anchor Land plans to redevelop the property into a boutique hotel in addition to developing an upscale residential condominium adjacent to the original structure. Anchor Land also announced that it is budgeting approximately US$52 million for capital expenditures in 2009, primarily for the acquisition of properties in Metro Manila for future development.
CTC Holidays Opens First Hotel In Shanghai Return to Headlines
CTC Holidays, which used to be a travel agent, has opened its first hotel, @ Gallery Suites, in Shanghai, China, in April 2009. The 43-key hotel, which is situated within a nine-storey heritage building, is located within Xuhui District and cost approximately US$2.76 million. Currently, the hotel is operating at an occupancy rate of 20% while the monthly occupancy for hotels in Shanghai was recorded at 45% in April, 9% lower than the same month in 2008. Despite the slowdown, CTC Holidays has plans to refurbish another heritage building within Jing'an district in Shanghai.
Absolute Share Price Performance, as at 3 July 2009
Closing Share Price as at 3 July 2009 26 June 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  4.30 4.30
General Property Group 0.51 0.48 6%
Mirvac Group 1.07 1.13 -6%
Ocean Capital Limited 0.30 0.30
Thakral Holdings Group 0.24 0.24 -2%
Living and Leisure Australia Group 0.02 0.02 6%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.00 3.04 -1%
Dusit Thani Public Co Ltd 26.00 26.00
The Erawan Group Public Co Ltd 1.72 1.73 -1%
Grande Asset Hotels and Property Public Co Ltd 1.53 1.53
Laguna Resorts & Hotel Public Co Ltd 25.25 26.25 -4%
Minor International Public Co Ltd 7.80 8.20 -5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  18.78 17.83 5%
Beijing Capital Tourism Co Ltd 16.18 15.99 1%
Jinling Hotel Corporation Ltd 7.43 7.03 6%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.85 6.90 -1%
Guangzhou Dong Fang Hotel Co Ltd 8.18 8.37 -2%
Shenzhen Century Plaza Hotel Co Ltd 5.92 5.87 1%
Home Inns & Hotels Management Inc 15.05 16.25 -7%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.43 7.41
Regal Hotels International Holdings Ltd 1.96 2.10 -7%
Sino Hotels Holdings Ltd 2.50 2.55 -2%
The Hong Kong & Shanghai Hotels Ltd 7.78 7.65 2%
Korea Exchange (KRW)
The Shilla  16,600 16,100 3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.28 0.30 -7%
ART Management Limited 0.70 0.69 1%
Banyan Tree Holdings Limited 0.60 0.62 -3%
CDL HTrust  0.89 0.83 7%
Hotel Grand Central Ltd 0.56 0.59 -5%
Hotel Properties Ltd 1.60 1.77 -10%
Mandarin Oriental International Ltd (US$) 1.37 1.36 1%
Pan Pacific Hotels Group Limited 1.20 1.16 3%
Shangri-La Asia Limited (HK$) 11.28 12.28 -8%
Stamford Land Corporation Ltd 0.31 0.33 -5%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  472.00 455.00 4%
The Ambassador Hotel, Ltd  40.00 38.10 5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  163,700 176,000 -7%
Japan Hotel and Resort Inc 186,000 174,800 6%
Imperial Hotel, Ltd  2,045 2,140 -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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