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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 9 October 2009
Myanmar Builds More Resorts To Boost Tourism Industry
Tourist Arrivals To Bali, Indonesia, Unaffected By Terrorism
Swiss-Belhotel International To Manage Resort In Vietnam's Central Highlands
Harry's To Open Hotel In Singapore
AHL To Pay US$31 Million For Two Hotels In Australia
Business Outlook For Shimao Improves
Absolute Share Price Performance, As At 9 October 2009
Myanmar Builds More Resorts To Boost Tourism Industry Return to Headlines
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.
Tourist Arrivals To Bali, Indonesia, Unaffected By Terrorism Return to Headlines
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.
Swiss-Belhotel International To Manage Resort In Vietnam's Central Highlands Return to Headlines
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.
Harry's To Open Hotel In Singapore Return to Headlines
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.
AHL To Pay US$31 Million For Two Hotels In Australia Return to Headlines
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.
Business Outlook For Shimao Improves Return to Headlines
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$155 million within the same period in 2009, reflecting a year-on-year growth of 30%.
Absolute Share Price Performance, as at 9 October 2009
Closing Share Price as at 9 Oct 2009 2 Oct 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.19 5.15 1%
General Property Group 0.66 0.64 3%
Mirvac Group 1.66 1.60 4%
Ocean Capital Limited 0.40 0.40
Thakral Holdings Group 0.41 0.42 -2%
Living and Leisure Australia Group 0.03 0.03 14%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.80 4.74 1%
Dusit Thani Public Co Ltd 32.00 32.00
The Erawan Group Public Co Ltd 2.74 2.58 6%
Grande Asset Hotels and Property Public Co Ltd 1.31 1.35 -3%
Laguna Resorts & Hotel Public Co Ltd 37.50 35.00 7%
Minor International Public Co Ltd 12.10 12.70 -5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  18.90 17.73 7%
Beijing Capital Tourism Co Ltd 15.99 15.99
Jinling Hotel Corporation Ltd 6.98 6.70 4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.74 6.49 4%
Guangzhou Dong Fang Hotel Co Ltd 6.99 6.77 3%
Shenzhen Century Plaza Hotel Co Ltd 5.25 4.98 5%
Home Inns & Hotels Management Inc 33.47 28.50 17%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.74 8.50 3%
Regal Hotels International Holdings Ltd 2.73 2.69 1%
Sino Hotels Holdings Ltd 2.38 2.43 -2%
The Hong Kong & Shanghai Hotels Ltd 10.28 10.28
Korea Exchange (KRW)
The Shilla  17,100 16,900 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.49 2%
ART Management Limited 1.02 0.96 6%
Banyan Tree Holdings Limited 0.83 0.83
CDL HTrust  1.56 1.41 11%
Hotel Grand Central Ltd 0.68 0.69 -1%
Hotel Properties Ltd 2.13 2.06 3%
Mandarin Oriental International Ltd (US$) 1.27 1.30 -2%
Pan Pacific Hotels Group Limited 1.39 1.42 -2%
Shangri-La Asia Limited (HK$) 14.60 14.06 4%
Stamford Land Corporation Ltd 0.42 0.40 5%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  410.00 397.00 3%
The Ambassador Hotel, Ltd  32.05 31.25 3%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  155,000 155,000
Japan Hotel and Resort Inc 128,500 128,200
Imperial Hotel, Ltd  1,809 1,820 -1%
Return to Headlines
HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
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.

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