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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 26 June 2009
Foreign Visitor Numbers To Japan Plunge 34% In May
Ascott International Thailand Opens Two Somerset Properties In Bangkok
Vietnam's Phu Quoc Draws US$1.72 Billion For Tourism
First Wyndham Hotel In Xiamen, China
India's Hotel Leela Looking To Divest Offshore Casino In Goa
Swiss-Belhotel To Expand In Malaysia
Absolute Share Price Performance, As At 26 June 2009
Foreign Visitor Numbers To Japan Plunge 34% In May Return to Headlines
The number of foreign visitors to Japan plunged 34% to 486,100 in May 2009 from a year ago, declining for ten consecutive months, as a result of the outbreak of Influenza A (H1N1) and the global economic recession. According to Japan National Tourism Organisation, the number of Japanese travelling abroad also declined due to the new influenza strain, dropping by 18.6% to 1.03 million. The rate of decline was the steepest since August 2003, when it plummeted 22.4% amid the outbreak of severe acute respiratory syndrome (SARS). Among the 12 countries and regions in which the Japanese government has been putting in efforts to attract visitors, South Korean travellers registered the steepest drop of 48.5%, followed by Taiwan and Singapore which declined by 47.9% and 40.8%, respectively. Visitors from mainland China fell 18.8% in May 2009, after year-on-year increase in arrivals in March and April.
Ascott International Thailand Opens Two Somerset Properties In Bangkok Return to Headlines
Ascott International Thailand, has announced the opening of two more Somerset properties, namely Somerset Sukhumvit Thonglor and Somerset Amar Garden, in Bangkok, Thailand. Located in the Klongtoey Nua area, the two properties, which are scheduled to open in October 2009, are expected to attract significant Commercial and Leisure demand. The Ascott Group made its debut in Bangkok with the opening of its flagship property, The Ascott Sathorn, followed by Citadines Sukhumvit 16, Somerset Lake Point and Somerset Park Suanplu. The two additions are expected to bring Ascott International Thailand's total unit inventory in Bangkok to 1,724.
Vietnam's Phu Quoc Draws US$1.72 Billion For Tourism Return to Headlines
Vietnam's Phu Quoc Island in Kien Giang Province has attracted 33 projects capitalised at approximately US$1.72 billion to date. Among these projects, seven are financed by foreign investors, totalling approximately US$569 million. According to Phu Quoc island development investment management limited, the Kien Giang provincial authorities have also approved another 174 projects, including a US$2.89 billion finance-tourism centre, a US$1 billion recreational resort and a US$1.8 billion resort complex. However, difficulties in site clearance, infrastructure development and poor financial capacity of investors have resulted in slow implementation of the licensed projects.
First Wyndham Hotel In Xiamen, China Return to Headlines
Wyndham Hotel Group (Wyndham) has opened the first Wyndham-branded hotel, Wyndham Xiamen Hotel, in Xiamen, China. The newly constructed hotel, which features 588 keys including 161 suites, will offer five food and beverage outlets, approximately 3,400 square metres of meeting facilities, a business centre and fitness facilities among its facilities. Xiamen, located on the southeast coast of China, is a key gateway city and has commercial links with Hong Kong, Macau and Taiwan.
India's Hotel Leela Looking To Divest Offshore Casino In Goa Return to Headlines
Hotel Leela Ventures (Leela), an Indian hospitality firm, is currently in talks with the MDLR Group to divest its offshore casino in Goa. The offshore casino was set up by Leela in 2006 upon acquiring a casino licence. Leela spent approximately US$1.03 million on construction of the land-based infrastructure for the floating jetty and a further US$1.03 million annually as casino fees. The MDLR Group, which invests in real estate and hospitality industries, currently operates a land casino in Goa.
Swiss-Belhotel To Expand In Malaysia Return to Headlines
Swiss-Belhotel International (SBI), a Hong Kong-based hotel management company, is targeting to operate approximately 1,800 rooms in Malaysia by end of 2010. The SBI hotels opening in Malaysia include Golden Palm Tree Sea Villas and Spa, Swiss-Belhotel Mont Kiara Suites and Residences, Swiss-Belhotel Zenith Kuantan and Grand Swiss-Belhotel Kota Kinabalu. Currently, the group is also negotiating for developments in Johor, Sarawak, Penang and Langkawi. These developments are likely four- or five-star properties with average 300 keys each and scheduled to open in 2011 and 2012.
Absolute Share Price Performance, as at 26 June 2009
Closing Share Price as at 26 June 2009 19 June 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings 4.30 3.95 9%
General Property Group 0.48 0.48 -1%
Mirvac Group 1.13 1.12 1%
Ocean Capital Limited 0.30 0.30
Thakral Holdings Group 0.24 0.24
Living and Leisure Australia Group 0.02 0.02 -11%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.04 2.98 2%
Dusit Thani Public Co Ltd 26.00 25.00 4%
The Erawan Group Public Limited 1.73 1.72 1%
Grande Asset Development 1.53 1.54 -1%
Laguna Resorts & Hotel Public Co Ltd 26.25 25.25 4%
Minor International PCL 8.20 8.10 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.83 18.26 -2%
Beijing Capital Tourism Co Ltd 15.99 16.29 -2%
Jinling Hotel Corporation Ltd 7.03 7.22 -3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.90 6.96 -1%
Guangzhou Dong Fang Hotel Co Ltd 8.37 8.65 -3%
Shenzhen Century Plaza Hotel Co Ltd 5.87 6.10 -4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel International Ltd 7.41 7.50 -1%
Regal Hotels International Holdings Ltd 2.10 2.09
Sino Hotels Holdings Ltd 2.55 2.60 -2%
The Hong Kong & Shanghai Hotels Ltd 7.65 8.00 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.30 0.31 -3%
ART Management Pte Ltd 0.69 0.67 4%
Banyan Tree Holdings Limited 0.62 0.60 3%
CDL HTrust 0.83 0.76 10%
Hotel Grand Central Ltd 0.59 0.56 5%
Hotel Properties Ltd 1.77 1.58 12%
Mandarin Oriental International Ltd (US$) 1.36 1.37 -1%
Pan Pacific Hotels Group Ltd 1.16 1.04 12%
Shangri-La Asia Ltd (HK$) 12.28 12.50 -2%
Stamford Land 0.33 0.33 -2%
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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