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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 20
March 2009 |
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| Ginger
Hotels, the budget hotel arm of Indian Hotels Company, has announced
plans to open 13 more hotels across India by 2010, bringing
its total inventory to 30. After it opened its 17th hotel in
Mangalore recently, it announced plans to expand into cities
such as Guwahati, Durg, Surat and Chennai in 2010. Currently,
the group has approximately 1,700 rooms and is expected to add
100 to 150 rooms in each of its new developments. In 2008, the
group has announced a four-year plan to set up approximately
70 hotels by the end of the fiscal year, 2012–13. |
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| Hilton
Hotels Corporation (Hilton) has entered into a management agreement
with The Intermark Sdn Bhd (Intermark) to launch its Doubletree
brand in Kuala Lumpur, the capital of Malaysia. The 540-key
Doubletree by Hilton Kuala Lumpur City Centre will be rebranded
and renovated from the current Crown Princess Hotel and scheduled
to open by the middle of 2010. The hotel is located at the junction
of Jalan Tun Razak and Jalan Ampang, near the landmark Petronas
Twin Towers and the Kuala Lumpur Convention Centre. It forms
part of the mixed-use development, The Intermark, which comprises
a retail component called Intermark Mall, a 62-storey office
tower called Vista Tower and a new sustainable design office
building to be called Integra Tower. The entire development
is scheduled to be completed by the end of 2012. |
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| Hilton
Hotels Corporation (Hilton) is planning to double its portfolio
in China and India from its current 53 properties with 58 new
properties by 2012. According to Hilton, it has identified China
and India as high growth markets due to the solid economic fundamentals
of these two markets. It is targeting to drive its full-service
and mid-range brands into these markets as the demand for these
rooms are aptly supported by their domestic markets. Hilton
has also mentioned that it expects Asia to be the first region
to recover from the economic slowdown and hence, it intends
to have the supply to capitalise on this opportunity. |
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China
and the United States Forecast To Be Pivotal In Tourism Growth
For Australia In 2009 |
Return
to Headlines |
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| According
to the Queensland Tourism Industry Council (QTIC), China and
the United States of America (USA) are forecast to be the key
markets in visitor arrivals to Australia in the midst of the
global economic slowdown in 2009. The Tourism Forecasting Committee
(TFC) has predicted a 1% increase in arrivals from the USA as
overall arrivals are expected to decline by 4.2%. In addition,
the authorities and hoteliers are also hoping that the weaker
Australian dollar, the federal government's stimulus package,
and the ‘No Leave, No Life’ tourism marketing campaign
will boost domestic tourism. |
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 Mumbai
is gearing up for the biggest Hotel Investment conference of
2009. HICSA - The
Fifth Hotel Investment Conference - South Asia (HICSA) 2009
is scheduled for April 1st and 2nd and is to be hosted at the
Grand Hyatt, Mumbai. This year brings a special treat for the
industry's stakeholders in the form of seventeen Global CEOs who
will be speaking across a host of pertinent subjects. HICSA 2009
continues to evolve as the epicenter of business strategy for
South Asia's hospitality industry.
Travel & Tourism have taken a beating in India over the
last few months. The 26/11 attacks caused severe distress to
the already bleeding industry in late 2008. While the
resilience and grit of the industry is tested in the months
ahead, HICSA will provide the platform for discussion and
debate to the who's who of the Hospitality world. A
confluence of Hotel owners, operators, brands, development
teams, bankers, architectural & design firms, private equity
players, consultants and other industry experts is sure to
make this 2 day event a strategic center for the formulation
of the industry's path ahead. Notable speakers at HICSA 2009
will include John Gabriel Pérès – President & CEO,
Mövenpick Hotels & Resorts, Arne Sorenson
- EVP, CFO and President of Continental European Lodging,
Marriott International, Gamal Aziz - President and
Chief Executive Officer, MGM MIRAGE Hospitality, Meinhard
Huck – President, Swissôtel Hotels & Resort,
Gerald F. Lawless - Executive Chairman, Jumeirah
Group,
Dr. Naresh Trehan - Chairman and Managing Director,
Global Health and Jay H Shah – CEO, Hersha
Hospitality Trust.
HICSA 2009 offers more opportunities for business meeting
and networking than ever before with the advent of
HICSA
Live Wire. This powerful online portal provides
HICSA 2009 delegates the ability to do the deals and meet
the most influential decision makers by facilitating
meetings with other delegates, speakers or sponsors via the
live networking tool.
HVS will also be announcing the first ever
HICSA Hotels of the Year Awards – 2009. These awards
have been instituted to acknowledge outstanding new hotel
developments in the last one year in the South Asia region.
The awards are conferred upon for two main categories:
For further information, visit
www.hicsaconference.com or contact HVS India at +91 124
461 6000.
HICSA Home |
Agenda |
Speakers |
Registration |
Accommodation |
Partners
|
Download Brochure |
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The
China Hotel Investment Summit (CHIS) is one of the first international
hotel conferences to celebrate eco-friendly hotel developments
by inaugurating the CHIS Eco-lodging Award. This new award will
add on to the other three established awards – Lifetime
Achievement Award, Hotelier of the Year Award and International
Hospitality Excellence Award.
Lifetime Achievement Award
The CHIS Lifetime Achievement Award is presented to an outstanding
individual to honour a lifetime of achievement and contribution
to the hospitality industry. The recipient is recognised for
his or her accomplishments and efforts for the betterment of
the industry. The recipient should embody and exemplify the
true spirit of hospitality.
Hotelier of the Year Award
The CHIS Hotelier of the Year Award is presented to an outstanding
individual, namely a leader who has made significant contributions
to the hospitality industry in China. The recipient should exemplify
the spirit of a true hotelier, and have achieved significant
milestones to enhance the image and professionalism of the industry.
International Hospitality Excellence Award
The CHIS International Hospitality Excellence Award seeks to
recognise a leading organisation that is committed to the advancement
of the industry and has consistently delivered best practices
in the service industry. The recipient should have an international
presence and demonstrated commitment towards excellence.
Eco-lodging Award (NEW)
The CHIS Eco-lodging Award seeks to recognise an owner and/or
developer of an existing green hotel or recently completed green
hotel project. The subject property or project of the recipient
should have made or been designed to make significant contributions
to the preservation of the natural environment, increased public
awareness of environmental issues and sustainable development
in the hospitality industry.
The nomination and selection process for all awards has commenced,
and the winners of these prestigious awards will be announced
during CHIS, from 22 to 24 April 2009.
For more information on CHIS, please visit www.chinahotelsummit.com
or contact:
Adeline Phua
HVS
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: [email protected] or [email protected] |
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HVS
is the world’s leading hotel valuation, consulting and
investment services firm with 27 global offices. Its clients
comprise major owners, developers, financial institutions,
investors and investment funds.
As part of its long-term strategy for China, HVS is recruiting
qualified professionals for the following positions:
- Associate Director / Director of Consultancy
- Associate Director / Director of Hotel Asset Management
- Manager / Senior Manager of Valuation or Consultancy
Integrity, commitment and experience are key selection criteria.
Should you have an interest in a career opportunity with HVS,
please send your resume and cover letter in confidence to
[email protected]. For further
information about HVS, please visit www.hvs.com.
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Absolute
Share Price Performance, as at 20 March 2009 |
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Closing Share Price as at |
20
March 2009 |
13
March 2009 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
3.81 |
4.10 |
-7% |
| General
Property Group |
0.29 |
0.38 |
-24% |
| Mirvac
Group |
0.82 |
0.79 |
4% |
| Ocean
Capital Limited |
0.25 |
0.30 |
-17% |
| Thakral
Holdings Group |
0.27 |
0.29 |
-7% |
| Living
and Leisure Australia Group |
0.02 |
0.02 |
– |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
3.08 |
3.04 |
1% |
| Dusit
Thani Public Co Ltd |
21.20 |
20.00 |
6% |
| The
Erawan Group Public Limited |
1.30 |
1.26 |
3% |
| Grande
Asset Development |
1.60 |
1.60 |
– |
| Laguna
Resorts & Hotel Public Co Ltd |
23.90 |
23.60 |
1% |
| Minor
International PCL |
6.30 |
6.35 |
-1% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
5.00 |
5.00 |
– |
| Regal
Hotels International Holdings Ltd |
1.32 |
1.39 |
-5% |
| Sino
Hotels Holdings Ltd |
2.60 |
2.60 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
4.29 |
4.60 |
-7% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.25 |
0.22 |
14% |
| ART
Management Pte Ltd |
0.41 |
0.36 |
14% |
| Banyan
Tree Holdings Limited |
0.28 |
0.32 |
-13% |
| CDL
HTrust |
0.45 |
0.43 |
6% |
| Hotel
Grand Central Ltd |
0.50 |
0.50 |
– |
| Hotel
Plaza Ltd |
0.91 |
0.93 |
-2% |
| Hotel
Properties Ltd |
0.92 |
0.82 |
12% |
| Mandarin
Oriental International Ltd (US$) |
0.65 |
0.70 |
-7% |
| Shangri-La
Asia Ltd |
8.10 |
7.62 |
6% |
| Stamford
Land |
0.20 |
0.19 |
5% |
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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. |
