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April 16, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Congratulations To The Award Winners For China Hotel Investment Conference (CHIC) 2010!
Mumbai To Receive 3,000 New Rooms By 2011
Average Occupancy Rate Of Macau Hotels Records 78.5% In February
International Arrivals To Sri Lanka Record 50% Increase In Q1 2010
Phuket Remains Relatively Unscathed From Bangkok Crisis At This Moment
Ayala Plans To Raise US$300 Million From REIT
Absolute Share Price Performance, As At 16 April 2010
Congratulations To The Award Winners For China Hotel Investment Conference (CHIC) 2010! Return to Headlines

Shanghai Jin Jiang International Hotels (Group) Company Limited/Thayer Lodging Group will be presented with the International Investment Deal Award 2010 for achieving the most remarkable cross-border deal.

Cornell-Nanyang Institute of Hospitality Management is recognised by the industry for its consistent commitment towards delivering best practices and excellence in service standards and will be presented with the Hospitality Excellence Award 2010.

The Hong Kong and Shanghai Hotels, Limited will be presented with the Hotel Development Excellence Award 2010 for developing the most outstanding and environmentally sensitive hotel project in China.

Individual award winners include Tony South, Chief Development Officer, Asia Pacific, InterContinental Hotels Group, who is the winner of the Lifetime Achievement Award 2010 and Zheng Nanyan, Chief Executive Officer, 7 Days Inn, who will be given the China Hotelier Award 2010. Both have made significant contributions to the hospitality industry in Asia Pacific and China, respectively.

The award presentation will take place during CHIC 2010. Click here for the programme schedule.

Join us in congratulating these individuals and companies that have made outstanding contributions to the hospitality industry. We look forward to welcoming them at CHIC 2010.

Mumbai To Receive 3,000 New Rooms By 2011 Return to Headlines
Mumbai, the financial capital of India, is envisaged to witness the entry of approximately 3,000 hotel rooms by 2011. Over the last two months, more than 800 hotel rooms have entered the city in areas such as Andheri and Goregaon. These hotels include the 331-key Courtyard by Marriott which opened in Andheri East, the 269-key Westin Mumbai Garden City in Goregaon East and the Holiday Inn Mumbai International Airport. The new hotels have been developed as a result of the anticipated increase in both domestic and international arrivals to the city.
Average Occupancy Rate Of Macau Hotels Records 78.5% In February Return to Headlines
According to the Statistics and Census Service of Macau, the average occupancy rate of hotels in Macau recorded approximately 78.5% in February 2010, with three-star hotels leading at an average of 82.2%. In terms of supply, the total available guestrooms recorded 18,937 rooms at end of February 2010, reflecting a 7.7% increase from the same period in 2009. A total of 578,877 guests were recorded in the hotels in February 2010, a growth of 12.3% from February 2009. Average length of stay was also recorded at 1.5 nights during the same period.
International Arrivals To Sri Lanka Record 50% Increase In Q1 2010 Return to Headlines
Tourism arrivals to Sri Lanka recorded at 160,409 in the first quarter of 2010, reflecting a 50% growth as compared to the 106,702 arrivals registered in the same period in 2009. Sri Lanka witnessed the strongest monthly growth for the last two years in February 2010 when arrivals grew by approximately 68% from the same month in 2009. Among the regions, South Asia recorded an increase of 52%, from 8,439 arrivals to 12,801 arrivals, during this period, with India registering a 72% growth in arrivals.
Phuket Remains Relatively Unscathed From Bangkok Crisis At This Moment Return to Headlines
According to hoteliers in Phuket, the holiday destination has seen few cancellations and appears to be resilient amidst the political issues in the capital, Bangkok. However, new bookings have eased off slightly as Phuket enters its traditional low season from mid-April to end-June. Moving ahead, cancellations are expected in regional short-haul markets such as Hong Kong and Taiwan as travel advisories have been issued. In addition, the recent increased airfares from Thai Airways along the Bangkok-Phuket route is likely to provide further challenges to Phuket.
Ayala Plans To Raise US$300 Million From REIT Return to Headlines
The Philippines’ Ayala Land, Inc has announced that it plans to raise a minimum of US$300 million through real estate investment trusts (REIT) in the second half of 2010. The REIT is expected to comprise commercial and retail developments while JP Morgan and BPI Capital Corp have been appointed as financial advisers for the launch. In addition, the group has also announced that it plans to launch five boutique hotels within the Philippines in 2010.
Absolute Share Price Performance, as at 16 April 2010
Closing Share Price as at 16 Apr 2010 9 Apr 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.86 5.73 2%
General Property Group 0.60 0.58 3%
Mirvac Group 1.45 1.44 1%
Ocean Capital Limited 0.26 0.26
Thakral Holdings Group 0.37 0.37 -1%
Living and Leisure Australia Group 0.026 0.026
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.84 4.02 -4%
Dusit Thani Public Co Ltd 26.75 27.25 -2%
The Erawan Group Public Co Ltd 2.30 2.30
Grande Asset Hotels and Property Public Co Ltd 1.45 1.35 7%
Laguna Resorts & Hotel Public Co Ltd 38.00 37.25 2%
Minor International Public Co Ltd 9.15 10.40 -12%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  28.15 29.36 -4%
Beijing Capital Tourism Co Ltd 23.05 22.68 2%
Jinling Hotel Corporation Ltd 10.08 10.15 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 12.35 11.85 4%
Guangzhou Dong Fang Hotel Co Ltd 10.81 11.36 -5%
Shenzhen Century Plaza Hotel Co Ltd 7.77 7.73 1%
Home Inns & Hotels Management Inc 33.51 34.43 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.88 8.00 -2%
Regal Hotels International Holdings Ltd 3.10 3.11 0%
Sino Hotels Holdings Ltd 2.30 2.28 1%
The Hong Kong & Shanghai Hotels Ltd 12.26 12.00 2%
Korea Exchange (KRW)
The Shilla  23,750 22,700 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.51 0.51 0%
ART Management Limited 1.25 1.26 -1%
Banyan Tree Holdings Limited 0.73 0.75 -3%
CDL HTrust  1.95 1.90 3%
Hotel Grand Central Ltd 0.83 0.84 -1%
Hotel Properties Ltd 2.37 2.32 2%
Mandarin Oriental International Ltd (US$) 1.38 1.39 -1%
Pan Pacific Hotels Group Limited 1.55 1.60 -3%
Shangri-La Asia Limited (HK$) 15.00 15.22 -1%
Stamford Land Corporation Ltd 0.50 0.51 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  370 355 4%
The Ambassador Hotel, Ltd  37.85 35.80 6%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  157,100 147,200 7%
Japan Hotel and Resort Inc 154,800 146,100 6%
Imperial Hotel, Ltd  1,839 1,795 2%
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
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