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Featured in this Asia Pacific Hospitality Newsletter |
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Congratulations To The Award Winners For China Hotel
Investment Conference (CHIC) 2010! |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
16 April 2010 |
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Closing Share Price as at |
16 Apr 2010 |
9 Apr 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.86 |
5.73 |
2% |
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General Property Group |
0.60 |
0.58 |
3% |
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Mirvac Group |
1.45 |
1.44 |
1% |
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Ocean Capital Limited |
0.26 |
0.26 |
– |
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Thakral Holdings Group |
0.37 |
0.37 |
-1% |
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Living and Leisure Australia Group |
0.026 |
0.026 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.84 |
4.02 |
-4% |
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Dusit Thani Public Co Ltd |
26.75 |
27.25 |
-2% |
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The Erawan Group Public Co Ltd |
2.30 |
2.30 |
– |
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Grande Asset Hotels and Property Public Co Ltd |
1.45 |
1.35 |
7% |
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Laguna Resorts & Hotel Public Co Ltd |
38.00 |
37.25 |
2% |
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Minor International Public Co Ltd |
9.15 |
10.40 |
-12% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
28.15 |
29.36 |
-4% |
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Beijing Capital Tourism Co Ltd |
23.05 |
22.68 |
2% |
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Jinling Hotel Corporation Ltd |
10.08 |
10.15 |
-1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
12.35 |
11.85 |
4% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.81 |
11.36 |
-5% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.77 |
7.73 |
1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
33.51 |
34.43 |
-3% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.88 |
8.00 |
-2% |
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Regal Hotels International Holdings Ltd |
3.10 |
3.11 |
0% |
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Sino Hotels Holdings Ltd |
2.30 |
2.28 |
1% |
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The Hong Kong & Shanghai Hotels Ltd |
12.26 |
12.00 |
2% |
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Korea Exchange (KRW) |
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The Shilla |
23,750 |
22,700 |
5% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.51 |
0.51 |
0% |
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ART Management Limited |
1.25 |
1.26 |
-1% |
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Banyan Tree Holdings Limited |
0.73 |
0.75 |
-3% |
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CDL HTrust |
1.95 |
1.90 |
3% |
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Hotel Grand Central Ltd |
0.83 |
0.84 |
-1% |
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Hotel Properties Ltd |
2.37 |
2.32 |
2% |
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Mandarin Oriental International Ltd (US$) |
1.38 |
1.39 |
-1% |
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Pan Pacific Hotels Group Limited |
1.55 |
1.60 |
-3% |
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Shangri-La Asia Limited (HK$) |
15.00 |
15.22 |
-1% |
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Stamford Land Corporation Ltd |
0.50 |
0.51 |
-2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
370 |
355 |
4% |
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The Ambassador Hotel, Ltd |
37.85 |
35.80 |
6% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
157,100 |
147,200 |
7% |
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Japan Hotel and Resort Inc |
154,800 |
146,100 |
6% |
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Imperial Hotel, Ltd |
1,839 |
1,795 |
2% |
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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. |
