HVS Website
Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter - Week Ending 15 May 2009
Malaysia To Tap Into Health Tourism
Hotel Price War In Queenstown, New Zealand
Vilailux Opens Rayong Marriott Resort And Spa In Khao Yai, Rayong Province
Economic Slowdown Hits India's Five-Star Hotels
Marriott International To Add 40 Hotels In China
Macau's March Tourism Statistics Released
Absolute Share Price Performance, As At 15 May 2009
Malaysia To Tap Into Health Tourism Return to Headlines
The Malaysian Health Ministry has announced plans to draw up a masterplan to intensify the promotion of health tourism in the country. The Tourism Ministry and Malaysian Society for Quality in Health are in discussion to draw up a proper framework and guidelines for the industry. In 2008, there were approximately 370,000 foreign patients generating some US$85.5 million in revenue in Malaysia. Additionally, the health tourism industry in Malaysia was reported to grow at around 30% per annum.
Hotel Price War In Queenstown, New Zealand Return to Headlines
According to Queenstown Lakes District Council, hotels in Wakatipu, situated in the South Island of New Zealand, are cutting room rates to ‘ludicrous' levels to capture guests. It was noted that group bookings from European markets have declined but the number of casual fully independent travellers (FIT) has increased. In addition, campervan holidays had become increasingly popular as the number of motorhome companies rose and rental rates have fallen, posing increasing competition for the hotel market. In March 2009, Hotels.com showed that the price of hotel rooms in Queenstown had dropped by 35% and the average price for a night's accommodation in Queenstown had fallen from approximately US$154 to around US$98.
MVilailux Opens Rayong Marriott Resort And Spa In Khao Yai, Rayong rovince Return to Headlines
Vilailux Development Company Limited (Vilailux) has announced plans to open its first five-star hotel, Rayong Marriott Resort and Spa, in Rayong Province, Thailand. Vilailux has signed a 15-year management agreement with Marriott Group to manage the hotel, in which Marriott has the option to renew the contract for another ten years once the initial term expires. The Marriott Group is expected to achieve 50% occupancy during the first year of operations, followed by 65% in the second year and 75% in the third year and thereafter. Construction works of the hotel are expected to begin in the last quarter of 2009. The hotel development is expected to support the company's Phuphatara residential development which comprises 189 condominium units and 32 beachfront villas.
Economic Slowdown Hits India's Five-Star Hotels Return to Headlines
Five-star hotels in India have cut rates to almost half that of 2008 amid the global economic slowdown and decline in visitor arrivals. According to the Travel Agent Federation of India, hotels typically offer 15% to 20% discounts in low seasons but discounts are between 20% and 40% during the peak season in 2009. As a result of the price slash, traditional Indian budget travellers have the opportunity to travel more luxuriously, while traditional luxury travellers are travelling overseas with better deals.
Marriott International To Add 40 Hotels In China Return to Headlines
Marriott International has announced plans to expand in China, adding another 40 hotels by 2013. The hotel chain is expected to have 14 hotels in Shanghai before the Shanghai World Expo 2010 and 21 hotels in the city by 2013. Marriott International will also further expand in second-tier Chinese cities such as Hangzhou, Nanjing, Dalian, Chengdu and Ningbo. The 40 hotels will range from luxury brands to moderately priced brands and increase the hotel chain's China portfolio to 70 properties. The hotel chain was reported to open 57 new hotels in Asia in 2009, among which 21 would be located in China.
Macau's March Tourism Statistics Released Return to Headlines
According to statistics from Macau's Statistics and Census Service, average hotel occupancy rate fell by 3.1 percentage points year-on-year to 72.6% in March 2009 with the four-star hotels leading occupancy rate at 86.4% during this period. Approximately 596,000 guests stayed in local hotels and similar establishments in March 2009, an increase by 5.9% year-on-year, with 55.7% of guests from mainland China and 18.7% from Hong Kong. Average length of stay of hotel guests declined a little by 0.01 nights to 1.3 nights in March 2009. Figures released showed that the total number of hotel rooms in Macau increased by 8.3% to 17,534 rooms in March 2009 compared to a year earlier. Year-to-date March figures revealed that the number of hotel rooms exceeded 1.6 million, a 1.7% increase over the same period in 2008. Guests at accommodation accounted for 61.9% of total visitors in the first quarter of 2009 compared to 55.2% in the corresponding period in 2008.
Absolute Share Price Performance, as at 15 May 2009
Closing Share Price as at 15 May 2009 8 May 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings 4.35 4.22 3%
General Property Group 0.41 0.48 -14%
Mirvac Group 0.86 1.05 -19%
Ocean Capital Limited 0.24 0.30 -20%
Thakral Holdings Group 0.25 0.26 -4%
Living and Leisure Australia Group 0.02 0.02 11%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 2.86 3.00 -5%
Dusit Thani Public Co Ltd 21.50 21.50
The Erawan Group Public Limited 1.43 1.55 -8%
Grande Asset Development 1.70 1.53 11%
Laguna Resorts & Hotel Public Co Ltd 25.75 27.00 -5%
Minor International PCL 6.80 7.40 -8%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 20.17 18.84 7%
Beijing Capital Tourism Co Ltd 17.40 17.40
Jinling Hotel Corporation Ltd 6.69 6.64 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.68 11.18 -4%
Guangzhou Dong Fang Hotel Co Ltd 7.28 7.21 1%
Shenzhen Century Plaza Hotel Co Ltd 5.47 4.18 31%
Home Inns & Hotels Management Inc 14.37 13.80 4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel International Ltd 6.10 6.06 1%
Regal Hotels International Holdings Ltd 1.76 1.73 2%
Sino Hotels Holdings Ltd 2.75 2.55 8%
The Hong Kong & Shanghai Hotels Ltd 6.86 6.84
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.29 0.29
ART Management Pte Ltd 0.63 0.68 -7%
Banyan Tree Holdings Limited 0.49 0.56 -13%
CDL HTrust 0.79 0.76 4%
Hotel Grand Central Ltd 0.54 0.58 -7%
Hotel Plaza Ltd 0.93 0.92 1%
Hotel Properties Ltd 1.43 1.30 10%
Mandarin Oriental International Ltd (US$) 1.02 1.05 -3%
Shangri-La Asia Ltd (HK$) 10.70 10.00 7%
Stamford Land 0.32 0.34 -6%
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.
Copyright 2009 HVS. All Rights Reserved Terms Of Use | Contact Us