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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 27 March 2009
Banyan Tree Sets Up Hospitality Fund To Finance Two Resorts In The Philippines
Japan’s Tourist Arrivals Decline Steeply In February 2009
Nepal Looking To Regional Markets For Tourism Boost
Guangzhou To Spend US$352 Million To Refurbish Hotels For Asian Games
Fiji Forecast To Witness A 25% Decline In Arrivals During First Quarter of 2009
HVS, BISU And BHI To Host 5th China Hotel Investment Summit In April 2009
Absolute Share Price Performance, As At 27 March 2009
 
Banyan Tree Sets Up Hospitality Fund To Finance Two Resorts In The Philippines Return to Headlines
Banyan Tree Holdings (Banyan Tree) has announced plans to set up a Banyan Tree-Philippines Hospitality Fund which will finance two development projects, namely the Isla Diwaran and another Banyan Tree resort development in the Philippines. The Isla Diwaran is an integrated island resort project located in Palawan Province, approximately 20 minutes by speedboat from the town of Coron, and jointly developed by Banyan Tree and Tranzen Group. Banyan Tree has also signed a memorandum of understanding with two investment banks, BPI Capital Corporation and First Metro Investment Corporation, to set up and raise investment for the fund. Banyan Tree is likely to move forward with its expansion plans in 2009 which include the opening of six resorts and hotels in China, Indonesia, Thailand and the Middle East.
 
Japan’s Tourist Arrivals Decline Steeply In February 2009 Return to Headlines
According to statistics from the Japan National Tourism Organisation, the number of foreign visitors to Japan declined 41.3% in February year-on-year to approximately 409,000, registering the second-largest drop since 1961 with the largest monthly drop of 41.8% recorded in August 1971. The seventh straight month decline was attributed to the global economic downturn and the appreciation of the Japanese Yen. Notably, Asian visitor arrivals to Japan posted large drop-offs, especially South Korea, which declined by about 54.5%.
 
Nepal Looking To Regional Markets For Tourism Boost Return to Headlines
Nepal has announced that it will focus on regional markets such as India and China in its bid to negate the impacts of the global economic slowdown. From year-to-date February 2009 tourist arrivals figures, Nepal reported an approximate16% decline from the same period in 2008. In addition to the global economic slowdown, this decline was also attributed to the Mumbai attacks and Thailand’s political crisis. In 2008, Nepal reported a 4% increase in tourist arrivals from 2007, as compared to a 35% growth in 2007.
 
Guangzhou To Spend US$352 Million To Refurbish Hotels For Asian Games Return to Headlines
According to the Guangzhou Asian Games Organising Committee (GAGOC), Guangzhou has plans to spend approximately US$352 million to refurbish 61 hotels for the 16th Asian Games, to be held in 2010 in the capital of Guangdong Province, China. The GAGOC has established official room rates for these selected hotels, which will serve to provide accommodation for the event, and these hotels include Guangzhou Baiyun Hotel and Garden Hotel Guangzhou.
 
Fiji Forecast To Witness A 25% Decline In Arrivals During First Quarter of 2009 Return to Headlines
Tourism Fiji has announced that it is expecting to witness a 25% decline in tourist arrivals during the first quarter of 2009. Measures to counter the softened demand include releasing temporary hotel workers from their duties and implementing a shorter work week for permanent employees. A marketing campaign, 'Fiji Me' roadshow, is currently being held in five locations across New Zealand such as Auckland and Christchurch. In January 2009, tourist arrivals totalled 32,955, reflecting a 28% decline from the same period in 2008.
 
HVS, BISU And BHI To Host 5th China Hotel Investment Summit In April 2009
 
HVS, BISU And BHI To Host 5th China Hotel Investment Summit In April 2009 Return to Headlines
FOCUS ON CHINA – ASIA’S POWERHOUSE

HVS, Beijing International Studies University (BISU) and Beijing Hospitality Institute (BHI) will be co-hosting the China Hotel Investment Summit (CHIS) for the fifth time from 22 to 24 April 2009. The Summit will be organised jointly by HVS and Phoenix Consulting, and the event will be held at Grand Hyatt Shanghai.

The Summit will witness a gathering of hospitality captains, business leaders and hotel investors from China and around the world to discuss the latest hotel investment trends and market developments in Greater China and the rest of Asia. The theme of the 2009 conference is `Focus on China – Asia’s Powerhouse’. The Summit has invited leading expert speakers and panellists, as well as organised social events for networking opportunities to be maximised.

To register as a delegate or participate as a sponsor, please visit http://www.chinahotelsummit.com.

Dates: 22–24 April 2009
Venue: Grand Hyatt Shanghai

For other information and queries, please contact:

Adeline Phua
HVS
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: aphua@hvs.com or chis@chinahotelsummit.com

 
Absolute Share Price Performance, as at 27 March 2009
 
Closing Share Price as at 27 March 2009 20 March 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings 3.87 3.81 2%
General Property Group 0.45 0.29 55%
Mirvac Group 0.95 0.82 16%
Ocean Capital Limited 0.26 0.25 2%
Thakral Holdings Group 0.26 0.27 -4%
Living and Leisure Australia Group 0.02 0.02
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.12 3.08 1%
Dusit Thani Public Co Ltd 21.00 21.20 -1%
The Erawan Group Public Limited 1.30 1.30
Grande Asset Development 1.60 1.60
Laguna Resorts & Hotel Public Co Ltd 24.10 23.90 1%
Minor International PCL 6.60 6.30 5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel International Ltd 5.05 5.00 1%
Regal Hotels International Holdings Ltd 1.48 1.32 12%
Sino Hotels Holdings Ltd 2.50 2.60 -4%
The Hong Kong & Shanghai Hotels Ltd 4.95 4.29 15%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.23 0.25 -8%
ART Management Pte Ltd 0.44 0.41 6%
Banyan Tree Holdings Limited 0.40 0.28 43%
CDL HTrust 0.54 0.45 20%
Hotel Grand Central Ltd 0.51 0.50 2%
Hotel Plaza Ltd 0.92 0.91 1%
Hotel Properties Ltd 1.00 0.92 9%
Mandarin Oriental International Ltd (US$) 0.82 0.65 26%
Shangri-La Asia Ltd 8.30 8.10 2%
Stamford Land 0.22 0.20 10%
 
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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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