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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 27 March 2009 |
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Banyan Tree Sets Up Hospitality Fund To Finance Two Resorts In
The Philippines |
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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. |
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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%. |
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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. |
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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. |
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Fiji Forecast To Witness A 25% Decline In Arrivals During First
Quarter of 2009 |
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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. |
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HVS, BISU And BHI To Host 5th China Hotel Investment Summit In
April 2009 |
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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: [email protected] or
[email protected] |
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Absolute Share Price Performance, as at 27 March 2009 |
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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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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. |