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Featured in this Asia Pacific Hospitality Newsletter |
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 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 |
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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 |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
2 April 2010 |
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Closing Share Price as at |
2 Apr 2010 |
26 Mar 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.70 |
5.70 |
– |
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General Property Group |
0.59 |
0.57 |
4% |
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Mirvac Group |
1.46 |
1.46 |
– |
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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 |
0.025 |
0.031 |
-19% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.14 |
4.14 |
– |
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Dusit Thani Public Co Ltd |
27.50 |
27.25 |
1% |
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The Erawan Group Public Co Ltd |
2.36 |
2.38 |
-1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.28 |
1.35 |
-5% |
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Laguna Resorts & Hotel Public Co Ltd |
38.50 |
38.75 |
-1% |
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Minor International Public Co Ltd |
11.00 |
10.90 |
1% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
28.89 |
27.96 |
3% |
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Beijing Capital Tourism Co Ltd |
22.25 |
21.76 |
2% |
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Jinling Hotel Corporation Ltd |
9.99 |
9.48 |
5% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
11.76 |
10.90 |
8% |
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Guangzhou Dong Fang Hotel Co Ltd |
11.42 |
11.35 |
1% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.63 |
7.48 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
33.98 |
32.39 |
5% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.30 |
8.25 |
1% |
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Regal Hotels International Holdings Ltd |
3.13 |
3.06 |
2% |
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Sino Hotels Holdings Ltd |
2.30 |
2.30 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
12.06 |
11.80 |
2% |
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Korea Exchange (KRW) |
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The Shilla |
22,400 |
23,000 |
-3% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.50 |
0.51 |
-2% |
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ART Management Limited |
1.24 |
1.26 |
-2% |
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Banyan Tree Holdings Limited |
0.75 |
0.77 |
-3% |
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CDL HTrust |
1.84 |
1.76 |
5% |
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Hotel Grand Central Ltd |
0.84 |
0.84 |
– |
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Hotel Properties Ltd |
2.30 |
2.23 |
3% |
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Mandarin Oriental International Ltd (US$) |
1.40 |
1.42 |
-1% |
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Pan Pacific Hotels Group Limited |
1.59 |
1.58 |
1% |
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Shangri-La Asia Limited (HK$) |
15.02 |
14.82 |
1% |
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Stamford Land Corporation Ltd |
0.52 |
0.46 |
13% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
350 |
348 |
1% |
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The Ambassador Hotel, Ltd |
34.90 |
35.70 |
-2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
142,500 |
150,200 |
-5% |
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Japan Hotel and Resort Inc |
147,600 |
129,400 |
14% |
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Imperial Hotel, Ltd |
1,800 |
1,807 |
0% |
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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. |
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