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April 23, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Marina Bay Sands Opens In Singapore
Asia Pacific Hotel Performance Improves In March 2010
Shanghai To Witness Entry Of 3,700 New Rooms During World Expo 2010
Marriott International To Add Resort In Mulu, Malaysia In 2011
Sheraton Seoul D-Cube City To Open In September 2011
Novotel Phuket Beach Resort Panwa Finally Sold For Approximately US$26 Million
Absolute Share Price Performance, As At 23 April 2010
 
Marina Bay Sands Opens In Singapore Return to Headlines

Singapore’s Marina Bay Sands integrated resort (IR) opened its doors on 27 April 2010. The first phase opening included 963 rooms, parts of the shopping mall and convention centre, some food and beverage outlets, the Event Plaza and the casino; the IR will open progressively over the course of this year. During the official grand opening scheduled on 23 June 2010, the remainder of the IR’s 2,560 rooms, the Sands SkyPark, additional food and beverage outlets and shops will open. The property is expected to serve business and MICE travellers as well as leisure travellers with extensive meeting and convention spaces and leisure attractions.

 
Asia Pacific Hotel Performance Improves In March 2010 Return to Headlines
According to STR Global, hotels in the Asia Pacific region have posted increases in occupancy, ADR and RevPAR for five consecutive months. On a year-on-year basis, occupancy in March 2010 rose approximately 13.7 percentage points to 67.6% and ADR improved to US$130.56, translating to a 29% increase in RevPAR to US$88.22. Beijing enjoyed the largest occupancy increase, followed by Phuket and Shanghai. Brisbane, Sydney, Seoul, Hong Kong and Melbourne posted an ADR increase of over 25%.
 
Shanghai To Witness Entry Of 3,700 New Rooms During World Expo 2010 Return to Headlines
Shanghai is expected to witness the entry of approximately 3,700 hotels rooms from upscale hotel projects during the Shanghai World Expo 2010 period of 1 May 2010 to 31 October 2010. The latest addition of upscale hotels in Shanghai included the 682-key Grand Mélia Shanghai and 501-key Marriott Changfeng Park which opened in February 2010. In addition, the 362-key Conrad Shanghai and 400-key W Shanghai Pudong are expected to open in July 2010 and September 2010, respectively.
 
Marriott International To Add Resort In Mulu, Malaysia In 2011 Return to Headlines
Upon the completion of an extensive refurbishment programme covering all guestrooms and public space, the Royal Mulu Resort in Malaysia will be rebranded to the Mulu Marriott Resort and Spa. Located five minutes’ drive from Gunung Mulu National Park, a UNESCO World Heritage Site, the property is expected to open in 2011, featuring 118 rooms. Upon opening, the Mulu Marriott Resort and Spa will be the only full-service hotel in this area.
 
Sheraton Seoul D-Cube City To Open In September 2011 Return to Headlines
Starwood Hotels and Resorts is set to increase its Sheraton brand presence in Seoul, Korea, with a third property. Occupying the 27th to 41st floors of a 41-storey main tower, the 269-key Sheraton Seoul D-Cube City will be developed as part of a mixed-use development, consisting of office spaces, residences, a retail centre, theatres and a 46,000-square-metre convention hall. The property is expected to open in September 2011.
 
Novotel Phuket Beach Resort Panwa Finally Sold For Approximately US$26 Million Return to Headlines
Novotel Phuket Beach Resort Panwa has been finally sold for approximately US$26 million. The board of directors of Natural Public Park Company Limited, owner of Novotel Phuket Beach Resort Panwa, has approved the sale of the property to Ton Vassana Company Limited. The property currently features 77 rooms, with an additional 77 rooms under construction (Phase 2). Phase 2 has yet to be completed, due mainly to the insolvency of Lehman Brothers Commercial Corporation Asia Limited.
 
Absolute Share Price Performance, as at 23 April 2010
 
Closing Share Price as at 23 Apr 2010 16 Apr 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.97 5.86 2%
General Property Group 0.58 0.60 -3%
Mirvac Group 1.47 1.45 1%
Ocean Capital Limited 0.26 0.26
Thakral Holdings Group 0.40 0.37 8%
Living and Leisure Australia Group 0.024 0.026
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.76 3.84 -2%
Dusit Thani Public Co Ltd 27.25 26.75 2%
The Erawan Group Public Co Ltd 2.16 2.30
Grande Asset Hotels and Property Public Co Ltd 1.45 1.45
Laguna Resorts & Hotel Public Co Ltd 37.75 38.00 -1%
Minor International Public Co Ltd 9.55 9.15 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  27.80 28.15 -1%
Beijing Capital Tourism Co Ltd 24.48 23.05 6%
Jinling Hotel Corporation Ltd 9.93 10.08 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 12.16 12.35 -2%
Guangzhou Dong Fang Hotel Co Ltd 10.85 10.81 0%
Shenzhen Century Plaza Hotel Co Ltd 7.26 7.77 -7%
NASDAQ (US$)
Home Inns & Hotels Management Inc 35.83 33.51 7%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.01 7.88 2%
Regal Hotels International Holdings Ltd 3.01 3.10 -3%
Sino Hotels Holdings Ltd 2.14 2.30 -7%
The Hong Kong & Shanghai Hotels Ltd 12.42 12.26 1%
Korea Exchange (KRW)
The Shilla  23,500 23,750 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.51 -2%
ART Management Limited 1.23 1.25 -2%
Banyan Tree Holdings Limited 0.74 0.73 1%
CDL HTrust  1.83 1.95 -6%
Hotel Grand Central Ltd 0.84 0.83 1%
Hotel Properties Ltd 2.30 2.37 -3%
Mandarin Oriental International Ltd (US$) 1.60 1.38 16%
Pan Pacific Hotels Group Limited 1.55 1.55 0%
Shangri-La Asia Limited (HK$) 14.54 15.00 -3%
Stamford Land Corporation Ltd 0.55 0.50 10%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  382 370 3%
The Ambassador Hotel, Ltd  35.45 37.85 -6%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  178,800 157,100 14%
Japan Hotel and Resort Inc 176,600 154,800 14%
Imperial Hotel, Ltd  1,900 1,839 3%
 
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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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