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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 26 June 2009 |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
26 June 2009
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Closing Share Price as at |
26 June 2009 |
19 June 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings |
4.30 |
3.95 |
9% |
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General Property Group |
0.48 |
0.48 |
-1% |
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Mirvac Group |
1.13 |
1.12 |
1% |
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Ocean Capital Limited |
0.30 |
0.30 |
– |
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Thakral Holdings Group |
0.24 |
0.24 |
– |
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Living and Leisure Australia Group |
0.02 |
0.02 |
-11% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.04 |
2.98 |
2% |
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Dusit Thani Public Co Ltd |
26.00 |
25.00 |
4% |
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The Erawan Group Public Limited |
1.73 |
1.72 |
1% |
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Grande Asset Development |
1.53 |
1.54 |
-1% |
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Laguna Resorts & Hotel Public Co Ltd |
26.25 |
25.25 |
4% |
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Minor International PCL |
8.20 |
8.10 |
1% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
17.83 |
18.26 |
-2% |
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Beijing Capital Tourism Co Ltd |
15.99 |
16.29 |
-2% |
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Jinling Hotel Corporation Ltd |
7.03 |
7.22 |
-3% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
6.90 |
6.96 |
-1% |
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Guangzhou Dong Fang Hotel Co Ltd |
8.37 |
8.65 |
-3% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.87 |
6.10 |
-4% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel International Ltd |
7.41 |
7.50 |
-1% |
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Regal Hotels International Holdings Ltd |
2.10 |
2.09 |
– |
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Sino Hotels Holdings Ltd |
2.55 |
2.60 |
-2% |
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The Hong Kong & Shanghai Hotels Ltd |
7.65 |
8.00 |
-4% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.30 |
0.31 |
-3% |
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ART Management Pte Ltd |
0.69 |
0.67 |
4% |
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Banyan Tree Holdings Limited |
0.62 |
0.60 |
3% |
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CDL HTrust |
0.83 |
0.76 |
10% |
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Hotel Grand Central Ltd |
0.59 |
0.56 |
5% |
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Hotel Properties Ltd |
1.77 |
1.58 |
12% |
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Mandarin Oriental International Ltd (US$) |
1.36 |
1.37 |
-1% |
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Pan Pacific Hotels Group Ltd |
1.16 |
1.04 |
12% |
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Shangri-La Asia Ltd (HK$) |
12.28 |
12.50 |
-2% |
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Stamford Land |
0.33 |
0.33 |
-2% |
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Return to Headlines |
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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. |
