|
Sign up to automatically receive HVS mailings |
| |
|
Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 27 November 2009 |
|
 |
| |
| |
| |
|
|
|
John Keells Holdings (JKH) has announced that it would invest
approximately US$52 million in Sri Lanka over the next three
years if tourism picks up as expected. A 190-key hotel in
Beruwela, which costs approximately US$15 million, is likely
to complete its design work by mid-2010 and will be branded
under JKH's mid-market brand 'Chaaya'. Another property, the
115-key Bencota Beach Hotel, is scheduled to undergo a US$7
million refurbishment by end of 2010. In addition, JKH is
reportedly ready to develop a 100-key five-star hotel on its
existing land in Ahungalle by 2011. Currently, the group has
closed its 80-key Club Oceanic Hotel located along the east
coast of Trincomalee for a US$3.5 million refurbishment. |
|
| |
| |
|
|
|
From a survey of 19 major hotels in Tokyo carried out by
Nikkei, occupancy rates of these hotels recorded 82.7% in
October 2009, an increase of 3.2 percentage points from the
same month in 2008. The main reasons for the increase were
the rise in the number of Chinese travellers and the rebound
in business travellers from Europe and America. It was
reported that October was the fourth straight month of
year-on-year increases. On the other hand, from a survey of
18 hotels in Osaka, occupancy rates in these hotels
registered approximately 80.7% in October, reflecting a
decline of 2.4 percentage points from October 2008. |
|
| |
|
Bina Puri Planning For A US$443 Million Luxury Resort
Development In Kota Kinabalu |
Return to Headlines |
|
|
|
|
Malaysia's Bina Puri Holdings Berhad (Bina Puri) is in talks
to develop a US$443 million luxury resort development in
Kota Kinabalu in east Malaysia. The development, which is
envisaged to feature hotels, resorts and high-end
condominiums, is likely to be undertaken by a cluster of
local developers and foreign partners. It was reported that
a joint venture company will be set up once talks are
finalised. Although no date has been set for the
commencement of the development, Bina Puri has reportedly
earmarked a few parcels of land for the development. |
|
| |
| |
|
|
|
The Oberoi Mumbai is scheduled to reopen by either March or
April 2010, close to 18 months after the terror attacks. It
was reported that several areas within the hotel had to be
built from scratch as the majority of its public areas were
'scorched' in the aftermath of the attacks. According to
Oberoi, one of the biggest challenges facing the hotel
management relates to keeping security 'effective yet
unobtrusive'. On the other hand, another hotel which was
affected by the attacks, the Trident, Narman Point, was able
to open within three weeks of the incident as only its lobby
area was affected. |
|
| |
| |
|
|
|
Macau has recently witnessed resumption in construction
activities which halted after the onset of the global
financial crisis in October 2008, and the balance of
developments has shifted towards the Cotai area. The 800-key
Grand Hyatt, located within the City of Dreams, was the
latest addition to the market. In addition, Las Vegas Sands
Corp is scheduled to open its 6,000-key mega resort in
mid-2011 after its recent IPO while Galaxy Entertainment has
set an opening date of first quarter 2011 for its three
hotels, totalling 2,200 rooms, in the Cotai area. It was
reported that the influx of hotels is likely to increase the
number of rooms in Macau by 42% to 26,884 rooms over the
next two years. |
|
| |
| |
|
|
|
Markets in Asia such as Singapore, China and Malaysia have
witnessed the rise of property prices in the last few months
and there have been fears that this might adversely impact
recovering markets. As such, the Singapore authorities have
acted by implementing measures including releasing more land
for development and removing deferred payment schemes. In
China, its central bank recently advised that the
authorities should halt some of its real estate stimulus
policies as real estate investments have grown by 19% in the
first ten months of 2009. |
|
| |
|
|
Absolute Share Price Performance, as at
27 November 2009
|
| |
|
Closing Share Price as at |
27 Nov 2009 |
20 Nov 2009 |
% Change |
|
Australia Stock Exchange (ASX) |
|
Amalgamated Holdings Limited |
5.58 |
5.49 |
2% |
|
General Property Group |
0.58 |
0.64 |
-9% |
|
Mirvac Group |
1.51 |
1.54 |
-2% |
|
Ocean Capital Limited |
0.37 |
0.35 |
6% |
|
Thakral Holdings Group |
0.38 |
0.37 |
1% |
|
Living and Leisure Australia Group |
0.03 |
0.03 |
-6% |
|
Bangkok Stock Exchange (THB) |
|
Central Plaza Hotel Public Co Ltd |
4.08 |
4.12 |
-1% |
|
Dusit Thani Public Co Ltd |
29.75 |
30.00 |
-1% |
|
The Erawan Group Public Co Ltd |
2.36 |
2.48 |
-5% |
|
Grande Asset Hotels and Property Public Co Ltd |
1.32 |
1.38 |
-4% |
|
Laguna Resorts & Hotel Public Co Ltd |
43.00 |
43.25 |
-1% |
|
Minor International Public Co Ltd |
10.40 |
10.40 |
– |
|
China Shanghai Stock Exchange (RMB) |
|
Shanghai Jinjiang International Hotels Development |
21.40 |
22.33 |
-4% |
|
Beijing Capital Tourism Co Ltd |
20.73 |
22.73 |
-9% |
|
Jinling Hotel Corporation Ltd |
8.19 |
8.75 |
-6% |
|
China Shenzhen Stock Exchange (RMB) |
|
Hunan Huatian Great Hotel Co Ltd |
8.14 |
8.77 |
-7% |
|
Guangzhou Dong Fang Hotel Co Ltd |
8.15 |
9.03 |
-10% |
|
Shenzhen Century Plaza Hotel Co Ltd |
7.11 |
7.96 |
-11% |
|
NASDAQ (US$) |
|
Home Inns & Hotels Management Inc |
33.53 |
36.05 |
-7% |
|
Hong Kong Stock Exchange (HK$) |
|
Miramar Hotel & Investment Co Ltd |
8.35 |
8.60 |
-3% |
|
Regal Hotels International Holdings Ltd |
3.11 |
3.26 |
-5% |
|
Sino Hotels Holdings Ltd |
2.36 |
2.38 |
-1% |
|
The Hong Kong & Shanghai Hotels Ltd |
11.50 |
11.74 |
-2% |
|
Korea Exchange (KRW) |
|
The Shilla |
18,700 |
18,700 |
– |
|
Singapore Stock Exchange (S$) |
|
Amara Holdings Ltd |
0.50 |
0.50 |
– |
|
ART Management Limited |
1.08 |
1.04 |
4% |
|
Banyan Tree Holdings Limited |
0.73 |
0.74 |
-1% |
|
CDL HTrust |
1.50 |
1.46 |
3% |
|
Hotel Grand Central Ltd |
0.68 |
0.69 |
-1% |
|
Hotel Properties Ltd |
2.08 |
2.05 |
1% |
|
Mandarin Oriental International Ltd (US$) |
1.27 |
1.30 |
-2% |
|
Pan Pacific Hotels Group Limited |
1.47 |
1.40 |
5% |
|
Shangri-La Asia Limited (HK$) |
14.10 |
14.50 |
-3% |
|
Stamford Land Corporation Ltd |
0.41 |
0.40 |
2% |
|
Taiwan Stock Exchange (NT$) |
|
Formosa International Hotels Corporation |
405.00 |
411.00 |
-1% |
|
The Ambassador Hotel, Ltd |
35.45 |
38.20 |
-7% |
|
Tokyo Stock Exchange (JPY) |
|
Nippon Hotel Fund Investment Corporation |
129,900 |
142,900 |
-9% |
|
Japan Hotel and Resort Inc |
113,600 |
117,300 |
-3% |
|
Imperial Hotel, Ltd |
1,675 |
1,809 |
-7% |
|
| |
|
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. |
