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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 6
March 2009 |
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| The
Singapore Tourism Board (STB) has announced a decline in tourist
arrivals to Singapore by 13% in January 2009 to approximately
771,000 visitors compared to around 885,000 visitors in January
2008. In addition, hotel revenue has also decreased by around
30% with hotel occupancy rates down to 67% in January 2009 against
85% during the same period in 2008. Amidst the current global
recession, the STB anticipates tourist income for 2009 to be
approximately US$7.8 billion to US$8.1 billion compared to US$9.6
billion in 2008. Correspondingly, tourist arrivals are expected
to fall to nine million to 9.5 million in 2009 compared to 10.1
million in 2008. |
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| Hong
Kong’s Shangri-La Hotels and Resorts (Shangri-La) opened
its first luxury hotel in Tokyo, Japan, despite the country
facing its worst economic crisis in decades. Located next to
Tokyo station, the Shangri-La Hotel, Tokyo occupies the top
11 floors of the 37-storey Marunouchi Trust Tower Main Building
and offers magnificent views of Tokyo’s prime locations,
including the Imperial Palace and Tokyo Bay. The 202-key hotel
features its signature ‘Chi’ spa, three food and
beverage outlets, including Italian and Japanese restaurants
and a lobby lounge, a wedding chapel and a ballroom. |
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| Japan
and Vietnam held a successful seminar on tourism cooperation
in Nha Trang in the southern Khanh Hoa Province of Vietnam on
27 February 2009. The seminar, which was co-hosted by the Vietnam
National Administration of Tourism (VNAT), Vietnam Airlines
(VA) and Japan Association of Travel Agents (JATA), seeks to
develop an action plan on a tourism development programme to
bring visitors to the two countries in 2009. In addition, the
VNAT and VA also revealed their promotional and advertising
campaigns for international visitors to Vietnam, especially
Japanese visitors at the seminar. |
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| The
51-room Luxx XL Hotel, which is located near the shopping district
of Soi Langsuan, will open in Bangkok, Thailand, by April 2009.
The hotel, which is targeting travellers between 21 years and
55 years of age and mid- to high-level business travellers,
is the second Luxx hotel in the city. According to its owner,
the hotel is expected to record an occupancy of 55% by the middle
of 2009, improving to 75% by end of the year. The hotel was
built at a cost of approximately US$5.6 million (excluding land
costs). |
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| The
Singapore Tourism Board (STB) has announced that the levy imposed
on hotels during the Formula One event will be reduced to four
days, 24 September to 27 September, from the original five days
due to the current economic condition. The rates of the levy
will remain unchanged at 30% of rooms revenue for the 13 trackside
hotels and 20% of rooms revenue for all other hotels. In 2008,
the Formula One event recorded approximately US$109 million
in revenue and welcomed more than 40,000 visitors. |
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We
are pleased to introduce a Master Series at the China Hotel
Investment Summit (CHIS) 2009, an educational programme that
focusses on two critical issues of concern to investors, owners,
financiers and other stakeholders – Hotel Financing and
Hotel Asset Management. Given the global credit meltdown, the
approach to financing hotel investments and developments will
be transformed. Asset Management is another top priority for
most of us. In the face of deteriorating trading performance,
asset managers, owners, operators and stakeholders are taking
no chances in protecting hotel cashflows and underlying asset
values.
There are many more specialised topics which will be debated
at CHIS 2009, covering other hospitality asset classes including
Serviced Apartments, Golf Courses, Residential and Fractional
Ownership; Environmental Sustainability Solutions for Hotels
and Resorts; Budget Business Model; Managing Human Capital;
and others.
Join us at the upcoming 5th annual (CHIS) 2009 and learn from
the best which promises to be an insightful experience for participants.
The CHIS will be held at the Grand Hyatt Shanghai from 22 to
24 April 2009.
For more 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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|
 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 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 Peres – President &
CEO, Movenpick 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, Swissotel 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 is set to offer more opportunities for business
meeting and networking than ever before with the advent of
HICSA
Live Wire. This powerful online tool would allow all
delegates at HICSA 2009 to search and contact other
registered delegates for facilitating meetings to their
mutual benefit.
The first ever
HICSA
Hotels of the Year Awards – 2009 have been
instituted to acknowledge outstanding new hotel developments
in the last one year in the South Asian region.
The awards will be conferred upon for two main categories:
- Best Luxury / Upscale Hotel
- Best Mid Market / Budget Hotel
Some of the early nominations received are already setting
the stage for a healthy competition and the best hotel of
the year - across both categories – is certain to be
an excellent product with an exceptional service culture.
For further information, visit
www.hicsaconference.com or contact
[email protected].
HICSA
Home | Agenda
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Speakers | Registration
| Hotel Security
Summit |
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Absolute
Share Price Performance, as at 6 March 2009 |
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Closing Share Price as at |
6
March 2009 |
27
February 2009 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.24 |
4.46 |
-5% |
| General
Property Group |
0.25 |
0.47 |
-47% |
| Mirvac
Group |
0.72 |
0.85 |
-15% |
| Ocean
Capital Limited |
0.30 |
0.30 |
– |
| Thakral
Holdings Group |
0.30 |
0.35 |
-14% |
| Living
and Leisure Australia Group |
0.02 |
0.03 |
-33% |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
3.08 |
3.10 |
-1% |
| Dusit
Thani Public Co Ltd |
19.90 |
20.10 |
-1% |
| The
Erawan Group Public Limited |
1.29 |
1.27 |
2% |
| Grande
Asset Development |
1.60 |
1.60 |
– |
| Laguna
Resorts & Hotel Public Co Ltd |
23.80 |
23.70 |
0% |
| Minor
International PCL |
6.40 |
7.10 |
-10% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
5.01 |
5.20 |
-4% |
| Regal
Hotels International Holdings Ltd |
1.41 |
1.71 |
-18% |
| Sino
Hotels Holdings Ltd |
2.60 |
2.60 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
4.60 |
4.68 |
-2% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.20 |
0.22 |
-9% |
| ART
Management Pte Ltd |
0.36 |
0.36 |
– |
| Banyan
Tree Holdings Limited |
0.37 |
0.40 |
-8% |
| CDL
HTrust |
0.45 |
0.51 |
-13% |
| Hotel
Grand Central Ltd |
0.50 |
0.50 |
– |
| Hotel
Plaza Ltd |
0.99 |
1.04 |
-5% |
| Hotel
Properties Ltd |
0.87 |
0.89 |
-2% |
| Mandarin
Oriental International Ltd (US$) |
0.69 |
0.65 |
6% |
| Shangri-La
Asia Ltd |
8.38 |
8.00 |
5% |
| Stamford
Land |
0.19 |
0.21 |
-10% |
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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. |
