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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 9 October 2009 |
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Myanmar has witnessed the development of more international
resort hotels to attract foreign travellers to the country
and boost tourism development. The Andaman Club, a travel
and tour company, is expected to develop a US$3.5 million
resort hotel, named St Luke's Beach Resort Hotel, in New
Palau Ganchar Beach on St Luke's Island in the Andaman Sea.
Another company, Amata Hotel Group, is also expected to
develop an upscale hotel located in Myeik Archipelago, the
southernmost part of Myanmar. Additionally, accessibility to
Ngwe Saung Beach located at Myanmar's southwestern
Ayeyawaddy division is anticipated to be facilitated by a
proposed airport project. This is envisaged to shorten the
travelling time from Yangon, the former capital of Myanmar,
to a short flight compared to a three-hour drive from
Yangon. Upon completion of the airport, Ngwe Saung Beach
will become the second beach to be accessible by air after
Ngapali. According to tourism statistics, Myanmar's tourist
arrivals for the fiscal year 2008–09, which ended in March,
exceeded approximately 255,000. |
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According to the Bali tourism office data, for the first eight
months of 2009, the number of foreign tourists to Bali
recorded a 12.8% increase to approximately 1.46 million
arrivals compared to approximately 1.30 million in the
corresponding period in 2008. The surge in tourist arrivals
to Bali suggested that the terrorist bombings which took
place in Jakarta in mid-July 2009 did not deter foreign
tourists from visiting Bali. |
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Swiss-Belhotel International To Manage Resort In Vietnam's
Central Highlands |
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Swiss-Belhotel International has signed a ten-year management
contract with Telecommunication Cables and Material
Joint-stock Company to manage the Sacom Resort in Da Lat in
the Central Highlands of Lam Dong Province, Vietnam. The
278-hectare site on which the Sacom Resort is situated, is
expected to consist of an 18-hole golf course, four- and
five-star hotels, villas, bars and restaurants, a boat port,
a shopping centre and a sports area. The estimated
investment in the resort project was reported at
approximately US$112 million. |
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Harry's Holdings (Harry's), Singapore's largest bar operator,
will open a boutique hotel along Ann Siang Road in
Singapore. The proposed hotel, which will be converted from
a row of shophouses, is likely to feature 70 to 80 rooms and
scheduled to open in the first quarter of 2010. Market
reports suggest that boutique hotels are on an uptrend in
recent times as the profile of tourists has evolved with
more seeking mid-range accommodation. The 105-key Aqueen
Hotel Lavender, which fits into this category, recently
opened along Lavender Street in September 2009 and there are
two others Aqueen hotels currently under development. |
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Amalgamated Holdings Limited (AHL) has announced that it is
paying approximately US$31 million for Rydges Gladstone
Hotel and Rydges Southbank Townsville Hotel from Abacus
Hospitality Fund. Rydges Gladstone Hotel, which is located
in Queensland, Australia, offers 95 rooms and the deal also
includes the management rights to 12 two-bedroom apartments
located near the hotel. The 98-key Rydges Southbank
Townsville Hotel is also located in Queensland. |
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Shimao Property Holdings Limited, which engages in property
development, investments and hotel operations, has revised
its full-year contracted sales target from US$2.5 billion to
US$2.9 billion. In addition, it has also raised its
construction target from 1.7 million square metres of gross
floor area (GFA) to two million square metres. Within the
first eight months of 2009, contracted sales recorded US$2.4
billion and the company sold 1.46 million square metres of
GFA at an average price of US$1,325 per square metres. In
terms of net profits, it increased from approximately US$119
million in the first six months of 2008 to around US$155
million within the same period in 2009, reflecting a
year-on-year growth of 30%. |
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Absolute Share Price Performance, as at
9 October 2009
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Closing Share Price as at |
9 Oct 2009 |
2 Oct 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.19 |
5.15 |
1% |
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General Property Group |
0.66 |
0.64 |
3% |
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Mirvac Group |
1.66 |
1.60 |
4% |
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Ocean Capital Limited |
0.40 |
0.40 |
– |
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Thakral Holdings Group |
0.41 |
0.42 |
-2% |
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Living and Leisure Australia Group |
0.03 |
0.03 |
14% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.80 |
4.74 |
1% |
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Dusit Thani Public Co Ltd |
32.00 |
32.00 |
– |
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The Erawan Group Public Co Ltd |
2.74 |
2.58 |
6% |
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Grande Asset Hotels and Property Public Co Ltd |
1.31 |
1.35 |
-3% |
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Laguna Resorts & Hotel Public Co Ltd |
37.50 |
35.00 |
7% |
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Minor International Public Co Ltd |
12.10 |
12.70 |
-5% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
18.90 |
17.73 |
7% |
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Beijing Capital Tourism Co Ltd |
15.99 |
15.99 |
– |
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Jinling Hotel Corporation Ltd |
6.98 |
6.70 |
4% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
6.74 |
6.49 |
4% |
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Guangzhou Dong Fang Hotel Co Ltd |
6.99 |
6.77 |
3% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.25 |
4.98 |
5% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
33.47 |
28.50 |
17% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.74 |
8.50 |
3% |
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Regal Hotels International Holdings Ltd |
2.73 |
2.69 |
1% |
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Sino Hotels Holdings Ltd |
2.38 |
2.43 |
-2% |
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The Hong Kong & Shanghai Hotels Ltd |
10.28 |
10.28 |
– |
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Korea Exchange (KRW) |
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The Shilla |
17,100 |
16,900 |
1% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.50 |
0.49 |
2% |
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ART Management Limited |
1.02 |
0.96 |
6% |
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Banyan Tree Holdings Limited |
0.83 |
0.83 |
– |
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CDL HTrust |
1.56 |
1.41 |
11% |
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Hotel Grand Central Ltd |
0.68 |
0.69 |
-1% |
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Hotel Properties Ltd |
2.13 |
2.06 |
3% |
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Mandarin Oriental International Ltd (US$) |
1.27 |
1.30 |
-2% |
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Pan Pacific Hotels Group Limited |
1.39 |
1.42 |
-2% |
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Shangri-La Asia Limited (HK$) |
14.60 |
14.06 |
4% |
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Stamford Land Corporation Ltd |
0.42 |
0.40 |
5% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
410.00 |
397.00 |
3% |
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The Ambassador Hotel, Ltd |
32.05 |
31.25 |
3% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
155,000 |
155,000 |
– |
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Japan Hotel and Resort Inc |
128,500 |
128,200 |
– |
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Imperial Hotel, Ltd |
1,809 |
1,820 |
-1% |
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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. |
