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April 2, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hotel Investment Conference South Asia (HICSA) - 7-8 April 2010
Make China Hotel Investment Conference (CHIC) 2010 an integral part of your investment game plan for 2010 and beyond! 12–14 May 2010
Taj Opens Skills Certification Centre In Colombo, Sri Lanka
Bali Records Approximately 371,000 Arrivals In First Two Months Of 2010
Vinpearl Plans To Raise Approximately US$93 Million Through Share Issue
Rendezvous Hotel Kuala Lumpur To Open By July 2010
AXA To Set Up Real Estate Investment Fund With Sumitomo
Absolute Share Price Performance, As At 2 April 2010
Hotel Investment Conference South Asia (HICSA) - 7-8 April 2010 Return to Headlines

The Sixth Hotel Investment Conference - South Asia (HICSA) 2010 is scheduled for April 7th and 8th, 2010 and is to be hosted at the Grand Hyatt, Mumbai. Over the past five years the conference has played host to 30 global CEO's, 2,200 plus delegates, and has had a wide range of attendees from owners, real estate developers, operators, bankers, architects and consultants. This exclusive event promises to once again line up some of the best known global faces of the hospitality industry including Frits van Paasschen, President & CEO - Starwood Hotels & Resorts, Eric Danziger, President & CEO - Wyndham Hotel Group, Mark Hoplamazian, CEO & President, Hyatt Hotels Corporation, Nakul Anand, Divisional Chief Executive - Hotel Division, ITC, Gamal Aziz, President & CEO - MGM Mirage Hospitality, Gerald Lawless, Executive Chairman - Jumeirah Group, Capt CP Krishnan Nair, Chairman - The Leela Palaces Hotels and Resorts, Raymond Bickson, MD & CEO - Taj Hotels Resorts and Palaces, Martin Rinck, President - Asia Pacific, Hilton Hotels, Henry Gabey, Co-Founder & Co-Chairman - DUET Group, Louis Klein, MD - Real Estate, IREO, New York, Peter Meyer, MD - Pacifica Partners, Michael Evans, EVP Global Development - MGM MIRAGE Hospitality, Richard Solomons, CFO and Head of Commercial Development - IHG. The conference has been regarded by many as the best networking opportunity in the region and a must attend for all associated to the hotel industry.

Click here to view the website | Latest Agenda | View Speakers List | Register Now! | Hotels of The Year Awards

Make China Hotel Investment Conference (CHIC) 2010 an integral part of your investment game plan for 2010 and beyond! 12–14 May 2010 Return to Headlines

Ride on the next wave of opportunities in China's rapidly growing tourism market. Learn where the untapped markets are. Look forward to exciting topics at CHIC 2010 covering opportunities for portfolio investment and exit strategies; domestic hotel development in first-, second- and third-tier cities; investment opportunities in and operating models of upscale, mid-tier or economy hotels; expansion for serviced apartment properties in provincial cities; and insights into best practices for improving and sustaining hotel performance, just to name a few.

Stay ahead of economic trends and gain invaluable insights now. Get involved as experts share their views and ideas, best practices and success stories at this high-powered conference in less than two months.

Register to book your seat now and save US$200!

For a complete programme and to find out who the invited speakers and panelists are, download our brochure now.

Taj Opens Skills Certification Centre In Colombo, Sri Lanka Return to Headlines
The Taj Group of Hotels (Taj) has opened the Skills Certification Centre (SCC), a training hub offering specific hotel training services, at the Taj Samudra in Colombo, Sri Lanka. The centre, the first of its kind in Sri Lanka, will cater for Taj’s five properties in Sri Lanka and the Maldives. The SCC is equipped with modern facilities including a model room and model front desk to allow for simulation-based training. Currently, Taj operates more than 80 hotels globally.
Bali Records Approximately 371,000 Arrivals In First Two Months Of 2010 Return to Headlines
According to the Central Bureau of Statistics in Bali, the island welcomed approximately 371,000 international arrivals during the first two months of 2010. International arrivals totalled of 192,000 in February 2010, which reflected a 30% growth as compared to the same month in 2009. China (175%), Taiwan (93%), Australia (64%), the Netherlands (61%) and Russia (28%) formed the top five countries in terms of growth rates. On the other hand, South Korea (26%), Japan (20%) and Malaysia (14%) were the source countries which recorded declines in arrivals as compared to the same month in 2009.
Vinpearl Plans To Raise Approximately US$93 Million Through Share Issue Return to Headlines
Vinpearl Tourism and Trading Co (Vinpearl), which is listed in Ho Chi Minh City, has announced plans to raise approximately US$93 million in the second quarter of 2010. Among the funds, Vinpearl targets to allocate approximately US$41 million to fund its development projects including Royal City, Green City and the Vinpearland ecological tourism resort. In 2009, Vinpearl recorded total revenue of more than US$25 million, with an after-tax profit of US$3.2 million.
Rendezvous Hotel Kuala Lumpur To Open By July 2010 Return to Headlines
The four-star 444-key Rendezvous Hotel Kuala Lumpur, which forms part of the US$75 million Taragon Puteri Kuala Lumpur development in Changkat Thambi Dollah, is envisaged to commence operations by July 2010. According to the management, the hotel is expected to record an occupancy rate of between 55% and 60% and an average rate of approximately US$80 in its first year of operations. The hotel will be managed under a 12-year plus six-year extension lease.
AXA To Set Up Real Estate Investment Fund With Sumitomo Return to Headlines
European real estate management firm AXA Real Estate Investment Managers (AXA) has entered into an agreement with The Sumitomo Trust and Banking Co Ltd (Sumitomo) to jointly set up an investment fund for Japanese real estate. The proposed fund is likely to be managed by AXA while Sumitomo’s subsidiary, STB Real Estate Investment Management Co Ltd, will provide asset management services. The fund targets to raise approximately US$528 million during the launch.
Absolute Share Price Performance, as at 2 April 2010
Closing Share Price as at 2 Apr 2010 26 Mar 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.70 5.70
General Property Group 0.59 0.57 4%
Mirvac Group 1.46 1.46
Ocean Capital Limited 0.26 0.26
Thakral Holdings Group 0.37 0.37 -1%
Living and Leisure Australia Group 0.025 0.031 -19%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.14 4.14
Dusit Thani Public Co Ltd 27.50 27.25 1%
The Erawan Group Public Co Ltd 2.36 2.38 -1%
Grande Asset Hotels and Property Public Co Ltd 1.28 1.35 -5%
Laguna Resorts & Hotel Public Co Ltd 38.50 38.75 -1%
Minor International Public Co Ltd 11.00 10.90 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  28.89 27.96 3%
Beijing Capital Tourism Co Ltd 22.25 21.76 2%
Jinling Hotel Corporation Ltd 9.99 9.48 5%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 11.76 10.90 8%
Guangzhou Dong Fang Hotel Co Ltd 11.42 11.35 1%
Shenzhen Century Plaza Hotel Co Ltd 7.63 7.48 2%
Home Inns & Hotels Management Inc 33.98 32.39 5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.30 8.25 1%
Regal Hotels International Holdings Ltd 3.13 3.06 2%
Sino Hotels Holdings Ltd 2.30 2.30
The Hong Kong & Shanghai Hotels Ltd 12.06 11.80 2%
Korea Exchange (KRW)
The Shilla  22,400 23,000 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.51 -2%
ART Management Limited 1.24 1.26 -2%
Banyan Tree Holdings Limited 0.75 0.77 -3%
CDL HTrust  1.84 1.76 5%
Hotel Grand Central Ltd 0.84 0.84
Hotel Properties Ltd 2.30 2.23 3%
Mandarin Oriental International Ltd (US$) 1.40 1.42 -1%
Pan Pacific Hotels Group Limited 1.59 1.58 1%
Shangri-La Asia Limited (HK$) 15.02 14.82 1%
Stamford Land Corporation Ltd 0.52 0.46 13%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  350 348 1%
The Ambassador Hotel, Ltd  34.90 35.70 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  142,500 150,200 -5%
Japan Hotel and Resort Inc 147,600 129,400 14%
Imperial Hotel, Ltd  1,800 1,807 0%
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