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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 1
May 2009 |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute
Share Price Performance, as at 1 May 2009 |
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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% |
NASDAQ
(US$) |
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% |
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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. |