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Featured in this Asia Pacific Hospitality Newsletter |
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The Royal Group (TRG), a Cambodian corporation in property and
infrastructure development, has unveiled a masterplan to
develop Koh Rong into Asia's first environmental resort
destination. The plan, which aims to transform the island
into the next ‘Asian Riviera’, will cover elements such as
infrastructural development of an airport, a marina, a port
and roads, as well as resorts, hotels, golf courses,
shopping, restaurants, bars and entertainment venues. TRG
has been granted a 99-year lease for the development, which
has a five-year schedule for the first phase and eventual
completion in 25 years’ time. |
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Foreign visitor arrivals in Myanmar between January and July
this year totalled 161,322, surging by 37% as compared to
the same period last year. Out of this number, approximately
67% were from Asia and 19% were from Europe. Thailand was
the largest arrival market with 31,795 visitors while France
topped the European group with 7,380 visitors. Visitor
arrivals for Myanmar have been growing steadily over recent
years. Last year, the country received 227,400 visitors, an
increment of about 33% from 2008. |
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According to STR’s Global Construction Pipeline Report for
July, the Asia Pacific development pipeline will comprise
1,029 hotels, totalling 256,060 rooms. China has the largest
number of rooms, with 139,193 rooms in the total active
pipeline and 98,515 rooms in the In-Construction phase.
Looking at the key markets in the region, Shanghai has the
largest number of rooms for July at 13,980 in the total
active pipeline. The Upper Upscale and Upscale segments
combined accounted for nearly 50% of the rooms in the total
active pipeline. |
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Property Sales Plunge Prompts Chinese Real Estate
Association’s Call For End To Cooling Measures |
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The China Real Estate Association, which represents more than
2,000 real estate developers and intermediaries across China,
has stated that the current real estate market tightening
measures should be postponed in order to stabilise the market.
This comes after latest figures showed that property prices in
the country have risen at the slowest pace in six months in July
and the value of sales fell 19.3% as compared to a year earlier.
Vice Chairman of the association, Mr Zhu Zhongyi, said that the
cooling sales may prompt concerned developers to slow land
purchases and new projects, which in turn will harm the
industry’s growth over the next few years. |
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Starwood Continues Expansion In India With Signing Of
Non-Exclusive Master Agreement |
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Starwood Hotels and Resorts Worldwide (Starwood) has announced
the signing of a Non-Exclusive Master Agreement with DIH
(Cyprus) Limited (an affiliate of Duet India Hotels Ltd) and
JHM Interstate Hotels India Pvt Ltd. The agreement covers
the Four Points by Sheraton Jaipur City Square which opened
in October 2009 and Four Points by Sheraton Visakhapatnam.
The signing of the agreement took place concurrently with
the execution of the agreement for the Four Points by
Sheraton Pune, Nagar Road. With 26 hotels in India already
under its Starwood brands, the move is part of the group’s
plans to expand its portfolio of hotels in the country by
60% by 2013. |
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Absolute Share Price Performance, as at
20 AUGUST 2010 |
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Closing Share Price as at |
20 August 2010 |
13 August 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.83 |
5.70 |
2% |
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General Property Group |
2.93 |
2.87 |
2% |
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Mirvac Group |
1.33 |
1.32 |
1% |
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Ocean Capital Limited |
0.20 |
0.24 |
-17% |
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Thakral Holdings Group |
0.42 |
0.44 |
-5% |
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Living and Leisure Australia Group |
0.018 |
0.018 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.50 |
5.40 |
2% |
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Dusit Thani Public Co Ltd |
29.50 |
29.50 |
– |
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The Erawan Group Public Co Ltd |
2.48 |
2.46 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.43 |
1.51 |
-5% |
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Laguna Resorts & Hotel Public Co Ltd |
56.50 |
53.50 |
6% |
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Minor International Public Co Ltd |
11.40 |
11.20 |
2% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
23.16 |
24.54 |
-6% |
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Beijing Capital Tourism Co Ltd |
21.79 |
22.39 |
-3% |
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Jinling Hotel Corporation Ltd |
8.11 |
8.18 |
-1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.16 |
10.24 |
-1% |
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Guangzhou Dong Fang Hotel Co Ltd |
13.26 |
12.86 |
3% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.80 |
6.64 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
44.23 |
41.99 |
5% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.00 |
8.10 |
-1% |
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Regal Hotels International Holdings Ltd |
2.99 |
3.03 |
-1% |
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Sino Hotels Holdings Ltd |
2.25 |
2.29 |
-2% |
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The Hong Kong & Shanghai Hotels Ltd |
12.92 |
12.88 |
– |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
106.70 |
102.55 |
4% |
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EIH (Oberoi Hotels & Resorts) |
136.70 |
131.45 |
4% |
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Hotel Leela Ventures |
49.70 |
49.75 |
– |
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Korea Exchange (KRW) |
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The Shilla |
26,300 |
25,350 |
4% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.43 |
0.44 |
-2% |
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ART Management Limited |
1.20 |
1.19 |
1% |
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Banyan Tree Holdings Limited |
0.85 |
0.85 |
– |
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CDL HTrust |
2.07 |
1.97 |
5% |
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Hotel Grand Central Ltd |
0.79 |
0.80 |
-1% |
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Hotel Properties Ltd |
2.95 |
2.86 |
3% |
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Mandarin Oriental International Ltd (US$) |
1.38 |
1.35 |
2% |
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Pan Pacific Hotels Group Limited |
1.60 |
1.58 |
1% |
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Shangri-La Asia Limited (HK$) |
16.40 |
15.84 |
4% |
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Stamford Land Corporation Ltd |
0.49 |
0.50 |
-2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
508 |
473 |
7% |
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The Ambassador Hotel, Ltd |
44.75 |
44.75 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
230,700 |
229,300 |
1% |
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Japan Hotel and Resort Inc |
193,400 |
191,800 |
1% |
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Imperial Hotel, Ltd |
1,910 |
1,892 |
1% |
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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. |
