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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 1 May 2009
Hilton Hotels Opens Waldorf Astoria Collection Property In Asia Pacific
First Five-Star Hotel Opens In Laos
China’s Outbound Travellers Expected To Rise 6% In 2009
Shanghai To Issue Vouchers To Boost Tourism
Jumeirah Looking To India For Expansion
5th China Hotel Investment Summit 2009 Awards
Absolute Share Price Performance, As At 1 May 2009
Hilton Hotels Opens Waldorf Astoria Collection Property In Asia Pacific Return to Headlines
Hilton Hotels Corporation (Hilton) has announced the opening of its first Waldorf Astoria Collection property, The Beach Hotel, in Asia Pacific. Located in the northern part of the Maldives, The Beach Hotel occupies a total land area of 35 acres and features 83 Maldivian-style pool villas, seven food and beverage outlets and a signature spa. The hotel is owned by the Maldives’ Sun Hotels and Resorts Private Limited.
First Five-Star Hotel Opens In Laos Return to Headlines
The first five-star hotel and entertainment complex with a casino, Savan Vegas Hotel and Casino, was recently opened in Savannakhet Province, Laos. Macau’s Sanum Investments Limited has an 80% stake in the development which has a total construction cost of US$50 million. The project created approximately 1,000 jobs and the investors were granted more than US$1 million to develop some local public facilities in the area. Located at the entrepôt and intersection of the west-east economic corridor, the development is expected to contribute to the socio-economic development the in the Laos central region.
China’s Outbound Travellers Expected To Rise 6% In 2009 Return to Headlines
China’s outbound travellers are forecast to record 48.6 million in 2009, reflecting a 6% growth from 45.8 million in 2008. The majority of the travellers, approximately 44 million, are expected to visit Asian destinations, with Japan and South Korea being most popular. Taiwan is also expected to witness strong growth in Chinese arrivals due to the recent opening up of travel between both countries. The growth rate for China’s outbound travellers is projected to record 10% in 2010 as driven by the expected recovery in the economy. In 2008, there was an approximate 12% growth in Chinese outbound travelling from 2007 figures as a result of the appreciating Chinese yuan.
Shanghai To Issue Vouchers To Boost Tourism Return to Headlines
Shanghai has announced the release of consumption vouchers worth US$131.8 million in order to boost tourism which has been impacted by the global economic slowdown. A total of 310,000 vouchers will be distributed via tourist consultation centres and banks to residents of Shanghai and the neighbouring provinces of Jiangsu and Zhejiang for usage at scenic spots, restaurants, hotels and travel agencies within Pudong District in Shanghai. The vouchers, which can offer up to 40% discount, are expected to boost as much as US$734 million in local consumption.
Jumeirah Looking To India For Expansion Return to Headlines
Jumeirah Group (Jumeirah) is turning to India in its target to manage 60 hotels by 2012. Indian cities such as Mumbai, Delhi and Goa are being targeted by Jumeirah for hotel and resort development. Jumeirah hopes that the growing affluence in India will boost the demand for luxury hotels for both business and leisure purposes. According to World Travel and Tourism Council, the travel and tourism sector is expected to contribute 6% or approximately US$67.3 billion to India's gross domestic product in 2009.
5th China Hotel Investment Summit 2009 Awards Return to Headlines
The winners of the four prestigious awards presented at the 5th annual China Hotel Investment Summit (CHIS) have been unveiled. Co-hosted and organised by HVS, 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 — Hospitality Lifetime Achievement Award, Hotelier of the Year Award and International Hospitality Excellence Award.

Hospitality Lifetime Achievement Award
HVS is proud to announce two recipients for this prestigious award this year, Mr Ho Kwon Ping and Ms Claire Chiang.

Mr Ho Kwon Ping is Executive Chairman of Banyan Tree Holdings. As the pioneer and ‘legend’ of luxury resort development in Asia, he has successfully expanded the Banyan Tree brand to be recognised as a leading Asian luxury resort and spa brand.

Ms Claire Chiang is Senior Vice President of Banyan Tree Holdings. As Chairperson of Banyan Tree CSR Committee, she has made enormous contributions to the establishment of the brand core of Banyan Tree, as a distinguished sustainable luxury operator, which has been a benchmark for all high-end resort providers.

Hotelier of the Year Award
The 2009 Hotelier of the Year Award was presented to Mr Jeff Ning, General Manager of Wanda Hotel Construction Company. Under Mr Ning’s leadership, Wanda Group has developed six upscale and luxury hotels across China, including Sofitel Wanda Beijing, Sofitel Wanda Chengdu and Sofitel Wanda Ningbo. The Wanda Group is now operating 19 Wanda Plazas and six five-star hotel properties across China.

International Hospitality Excellence Award
Global Hyatt Corporation has been awarded the International Hospitality Excellence Award at CHIS. As an innovative market leader, Hyatt has devoted itself to the advancement and betterment of the hospitality industry. Hyatt’s excellence lies in its passionate commitment to personalised service, cultural relevance and the environment.

Eco-lodging Award
InterContinental Hotels Group PLC (IHG), known as the world’s largest hotel group with over 160 million stays per year, almost 620,000 rooms and over 4,150 hotels across nearly 100 countries, has become the first hotel company to win the first Eco-lodging Award. IHG’s commitment to the environment is evident through the numerous ‘green’ initiatives launched company-wide. IHG’s ‘green’ programmes include the green hotel guideline ‘Innovation Hotel’ and energy management system ‘Green Engage’. IHG's company-wide environmental efforts which exist at all IHG hotels globally are indeed an industry benchmark to raise global awareness of environmental concerns.
Absolute Share Price Performance, as at 1 May 2009
Closing Share Price as at 1 May 2009 24 April 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings 4.12 3.98 4%
General Property Group 0.44 0.42 6%
Mirvac Group 1.07 0.97 11%
Ocean Capital Limited 0.24 0.30 -20%
Thakral Holdings Group 0.27 0.26 4%
Living and Leisure Australia Group 0.02 0.02 -5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.04 3.10 -2%
Dusit Thani Public Co Ltd 20.10 19.30 4%
The Erawan Group Public Limited 1.33 1.29 3%
Grande Asset Development 1.69 1.51 12%
Laguna Resorts & Hotel Public Co Ltd 24.10 27.00 -11%
Minor International PCL 6.40 6.75 -5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.95 16.15 5%
Beijing Capital Tourism Co Ltd 16.37 17.15 -5%
Jinling Hotel Corporation Ltd 6.16 6.40 -4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.68 11.36 -6%
Guangzhou Dong Fang Hotel Co Ltd 6.09 5.94 3%
Shenzhen Century Plaza Hotel Co Ltd 4.01 4.07 -1%
Home Inns & Hotels Management Inc 13.16 13.40 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel International Ltd 5.71 5.90 -3%
Regal Hotels International Holdings Ltd 1.50 1.60 -6%
Sino Hotels Holdings Ltd 2.50 2.50
The Hong Kong & Shanghai Hotels Ltd 5.91 6.09 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.23 0.24 -4%
ART Management Pte Ltd 0.50 0.50 1%
Banyan Tree Holdings Limited 0.35 0.38 -8%
CDL HTrust 0.58 0.56 4%
Hotel Grand Central Ltd 0.55 0.56 -2%
Hotel Plaza Ltd 0.92 0.93 -1%
Hotel Properties Ltd 1.02 1.04 -2%
Mandarin Oriental International Ltd (US$) 0.99 1.01 -2%
Shangri-La Asia Ltd (HK$) 11.00 10.94 1%
Stamford Land 0.25 0.26 -4%
Return to Headlines
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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