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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 15
May 2009 |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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Absolute Share Price Performance, as at
15 May 2009
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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% |
| NASDAQ
(US$) |
|
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% |
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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. |
