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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 25 September 2009 |
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Hotel Okura Company has announced plans to open its first
hotel in Bangkok, Thailand in the first quarter of 2012. The
Hotel Okura Bangkok is anticipated to be 33 storeys high and
feature 242 guestrooms. The newly announced hotel in Bangkok
will be the hotel operator's sixth overseas property
following its debut in Shanghai, China and Amsterdam,
Holland, as well as properties under development in Taiwan
and Macau. |
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China has eased a travel ban on mainland Chinese visitors
travelling to Macau. According to the revised regulation,
residents in Guangdong Province, China can now apply to
travel to Macau under the individual travel scheme once
every month instead of once every three months previously.
Beijing has introduced the visa restriction almost a year
ago to slow down Macau's overheating growth. |
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Home Inns & Hotels Management Inc (Home Inns) plans to open
200 hotels, predominantly in second tier Chinese cities, in
2010. In all, Home Inns aims to own a total of 1,000 hotels
by 2012. In the second quarter of 2009, Home Inns recorded
approximately US$15 million in net profit while total
revenue recorded around US$94 million, reflecting a 43%
year-on-year growth. Home Inns has forecast that its
operating revenue is likely to record approximately US$100
million in the third quarter of 2009 and full-year 2009
operating revenue is expected to increase 33% to 35% as
compared to 2008. |
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The 214-key Courtyard by Marriott Seoul Times Square, which
forms part of a mixed-use development comprising retail,
offices and entertainment facilities, recently opened in
Yeongdeungpo District in downtown Seoul. Operating under a
management agreement with Kyungbang Limited, the hotel is
situated within a five-minute drive from the city's
financial district and a 20-minute drive from Gimpo
International Airport. In addition to featuring 214 rooms,
the hotel offers six meeting rooms, two food and beverage
outlets and a gym. |
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Land prices in Japan have fallen considerably amid the global
recession which has resulted in tighter financing for
investors and developers. According to the Ministry of Land,
Infrastructure, Transport and Tourism, Japan land prices
witnessed an average decline of 4.4% in 12 months ending
June 2009, the greatest decline in five years. Overall, land
prices in residential and commercial districts in Japan's 47
prefectures all fell for the first time since 1975. Land
values in the three major metropolitan areas, Tokyo, Osaka
and Nagoya, dropped 6.1% while prices in rural districts
fell 3.8%. |
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Relevant authorities in Vietnam have forecast that the country
will need to spend approximately US$32 billion on housing
projects to cater to the 37.5 million square metres (sqm) of
urban housing space needed. Currently, the government has
estimated that there are seven million people in the country
who need to buy or rent housing. It was also forecast that
this group of people is likely to require approximately 150
million sqm of housing, costing between US$17 billion and
US$23 billion. |
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Absolute Share Price Performance, as at
25 September 2009
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Closing Share Price as at |
25 Sept 2009 |
18 Sept 2009 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.28 |
5.36 |
-1% |
General Property Group |
0.64 |
0.69 |
-7% |
Mirvac Group |
1.53 |
1.74 |
-12% |
Ocean Capital Limited |
0.40 |
0.40 |
– |
Thakral Holdings Group |
0.39 |
0.35 |
11% |
Living and Leisure Australia Group |
0.03 |
0.03 |
10% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
4.20 |
3.88 |
8% |
Dusit Thani Public Co Ltd |
32.75 |
29.75 |
10% |
The Erawan Group Public Co Ltd |
2.44 |
2.34 |
4% |
Grande Asset Hotels and Property Public Co Ltd |
1.35 |
1.40 |
-4% |
Laguna Resorts & Hotel Public Co Ltd |
33.75 |
33.75 |
– |
Minor International Public Co Ltd |
12.00 |
11.40 |
5% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
18.75 |
20.41 |
-8% |
Beijing Capital Tourism Co Ltd |
17.81 |
20.25 |
-12% |
Jinling Hotel Corporation Ltd |
7.28 |
7.45 |
-2% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
6.79 |
7.23 |
-6% |
Guangzhou Dong Fang Hotel Co Ltd |
7.36 |
7.50 |
-2% |
Shenzhen Century Plaza Hotel Co Ltd |
5.49 |
5.75 |
-5% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
28.42 |
30.01 |
-5% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
8.18 |
8.13 |
1% |
Regal Hotels International Holdings Ltd |
2.64 |
2.67 |
-1% |
Sino Hotels Holdings Ltd |
2.41 |
2.45 |
-2% |
The Hong Kong & Shanghai Hotels Ltd |
10.74 |
10.18 |
6% |
Korea Exchange (KRW) |
The Shilla |
15,850 |
16,350 |
-3% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.54 |
0.55 |
-2% |
ART Management Limited |
0.97 |
0.98 |
-1% |
Banyan Tree Holdings Limited |
0.90 |
0.89 |
1% |
CDL HTrust |
1.52 |
1.53 |
-1% |
Hotel Grand Central Ltd |
0.71 |
0.70 |
1% |
Hotel Properties Ltd |
2.46 |
2.44 |
1% |
Mandarin Oriental International Ltd (US$) |
1.31 |
1.35 |
-3% |
Pan Pacific Hotels Group Limited |
1.45 |
1.45 |
– |
Shangri-La Asia Limited (HK$) |
14.26 |
13.62 |
5% |
Stamford Land Corporation Ltd |
0.41 |
0.41 |
0% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
400.00 |
412.00 |
-3% |
The Ambassador Hotel, Ltd |
33.55 |
34.60 |
-3% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
159,600 |
162,500 |
-2% |
Japan Hotel and Resort Inc |
128,100 |
130,600 |
-2% |
Imperial Hotel, Ltd |
1,826 |
1,815 |
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. |