Sign up to automatically receive HVS mailings |
|
|
Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 22 May 2009 |
|
|
|
|
|
|
|
Boutique hotels in Taiwan are gaining popularity despite weakening
demand in the five-star hotel market. Although Taiwan’s five-star
hotels are facing an increasingly tough operating environment,
the number of boutique hotels are rising in Taipei. For instance,
the Taipei Inn Group features affordable boutique hotels with
quality and creativity. These hotels feature guestrooms with
unique styles and themes such as grass gardens and artificial
winter capsule. |
|
|
|
|
France’s Accor Group is looking to establish its economy hotel
chain, Ibis Hotel (Ibis), in Malaysia as the country rises as
a key tourist destination in the region. The group is likely
to focus in areas with growing business such as Kuala Lumpur,
Johor Bahru, Kota Kinabalu and Kuching. Other than Malaysia,
Ibis does not have any presence in other Southeast Asian countries
such as Brunei, Laos, Cambodia, Myanmar and the Philippines.
Under Ibis’s worldwide expansion plan, it is expected to have
1,100 hotels by 2010 in more than 70 countries and 40% of the
new establishments will be in the Asia Pacific region — the
main growth market for Ibis. |
|
|
|
|
According to the Hong Kong Tourism Board, Hong Kong welcomed
more than nine million visitors in the first four months of
2009; however, the number of visitors fell by 9% and the number
of mainland Chinese visitors dropped by around 8% in the first
ten days of May 2009, due mainly to the outbreak of swine flu.
The travel industry forecast the current swine flu outbreak
to bear a stronger impact than the severe acute respiratory
syndrome outbreak in 2003. |
|
|
|
|
Hotels in Singapore are experiencing a slower take-up rate in
their room reservations during the 2009 Formula One race, to
be held from 25 to 27 September. Hence, some hotels are extending
their special rates for early bird packages till as late as
July. According to some hoteliers, consumers are also expecting
lower room rates due to the global economic slowdown and declining
visitor arrivals in Singapore. Hoteliers are looking to provide
incentives such as discounts for consumers to make reservations
in advance. In 2008, reservations picked up two months prior
to the race and hoteliers are expecting it to be similar this
time around. |
|
|
|
|
Amadeus, a leading technology and distributions solution provider
for the tourism industry, has entered into an agreement with
Yatra.com, an online travel company, for providing services
to consumers in India. The collaboration will enable more than
100,000 travel agencies in India to gain access to Amadeus’
Global Distribution System and allow them to offer to travellers
over 900 one-star to three-star and independent hotels in India.
According to Amadeus, this collaboration comes amidst the growing
demand for mid-range and independent hotels as travellers have
been seeking more affordable options in the current global economic
environment. |
|
|
|
|
Starwood Hotels and Resorts Worldwide Inc (Starwood) will open
its first Sheraton, Sheraton Jinan Hotel, in Jinan City, capital
of Shandong Province in northeast China by September 2009. Located
in Lixia District, the hotel forms part of a mixed-use development
comprising office and retail facilities. The hotel is expected
to feature 445 keys, four food and beverage outlets and 4,300
square metres of meeting space among its facilities. This new
property stays in line with Starwood’s expansion plans in China
as it recently opened its 100th hotel in Beijing during 2008. |
|
|
|
Absolute Share Price Performance, as at
22 May 2009
|
|
Closing Share Price as at |
22 May 2009 |
15 May 2009 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings |
4.49 |
4.35 |
3% |
General Property Group |
0.49 |
0.41 |
20% |
Mirvac Group |
0.98 |
0.86 |
15% |
Ocean Capital Limited |
0.31 |
0.24 |
27% |
Thakral Holdings Group |
0.25 |
0.25 |
– |
Living and Leisure Australia Group |
0.02 |
0.02 |
-5% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
2.90 |
2.86 |
1% |
Dusit Thani Public Co Ltd |
22.90 |
21.50 |
7% |
The Erawan Group Public Limited |
1.51 |
1.43 |
6% |
Grande Asset Development |
1.53 |
1.70 |
-10% |
Laguna Resorts & Hotel Public Co Ltd |
26.25 |
25.75 |
2% |
Minor International PCL |
7.30 |
6.80 |
7% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
19.34 |
20.17 |
-4% |
Beijing Capital Tourism Co Ltd |
15.93 |
17.40 |
– |
Jinling Hotel Corporation Ltd |
6.51 |
6.69 |
-3% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
10.66 |
10.68 |
– |
Guangzhou Dong Fang Hotel Co Ltd |
8.12 |
7.28 |
12% |
Shenzhen Century Plaza Hotel Co Ltd |
5.47 |
5.47 |
– |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
13.38 |
14.37 |
-7% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel International Ltd |
6.63 |
6.10 |
9% |
Regal Hotels International Holdings Ltd |
1.74 |
1.76 |
-1% |
Sino Hotels Holdings Ltd |
2.65 |
2.75 |
-4% |
The Hong Kong & Shanghai Hotels Ltd |
6.82 |
6.86 |
-1% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.31 |
0.29 |
7% |
ART Management Pte Ltd |
0.64 |
0.63 |
2% |
Banyan Tree Holdings Limited |
0.54 |
0.49 |
10% |
CDL HTrust |
0.77 |
0.79 |
-2% |
Hotel Grand Central Ltd |
0.53 |
0.54 |
-2% |
Hotel Plaza Ltd |
0.93 |
0.93 |
0% |
Hotel Properties Ltd |
1.47 |
1.43 |
3% |
Mandarin Oriental International Ltd (US$) |
1.08 |
1.02 |
6% |
Shangri-La Asia Ltd (HK$) |
10.54 |
10.70 |
-1% |
Stamford Land |
0.33 |
0.32 |
3% |
|
|
Return to Headlines |
|
|
|
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. |