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August 20, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Cambodia To Have ‘Asian Riviera’
Foreign Visitors To Myanmar Increase
STR Global Reports Asia Pacific Pipeline For July
Property Sales Plunge Prompts Chinese Real Estate Association’s Call For End To Cooling Measures
Starwood Continues Expansion In India With Signing Of Non-Exclusive Master Agreement
Absolute Share Price Performance, As At 20 August 2010
Cambodia To Have ‘Asian Riviera’ Return to Headlines
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.
Foreign Visitors To Myanmar Increase Return to Headlines
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.
STR Global Reports Asia Pacific Pipeline For July Return to Headlines
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.
Property Sales Plunge Prompts Chinese Real Estate Association’s Call For End To Cooling Measures Return to Headlines
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.
Starwood Continues Expansion In India With Signing Of Non-Exclusive Master Agreement Return to Headlines
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.
Absolute Share Price Performance, as at 20 AUGUST 2010
Closing Share Price as at 20 August 2010 13 August 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.83 5.70 2%
General Property Group 2.93 2.87 2%
Mirvac Group 1.33 1.32 1%
Ocean Capital Limited 0.20 0.24 -17%
Thakral Holdings Group 0.42 0.44 -5%
Living and Leisure Australia Group 0.018 0.018
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.50 5.40 2%
Dusit Thani Public Co Ltd 29.50 29.50
The Erawan Group Public Co Ltd 2.48 2.46 1%
Grande Asset Hotels and Property Public Co Ltd 1.43 1.51 -5%
Laguna Resorts & Hotel Public Co Ltd 56.50 53.50 6%
Minor International Public Co Ltd 11.40 11.20 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  23.16 24.54 -6%
Beijing Capital Tourism Co Ltd 21.79 22.39 -3%
Jinling Hotel Corporation Ltd 8.11 8.18 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.16 10.24 -1%
Guangzhou Dong Fang Hotel Co Ltd 13.26 12.86 3%
Shenzhen Century Plaza Hotel Co Ltd 6.80 6.64 2%
Home Inns & Hotels Management Inc 44.23 41.99 5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.00 8.10 -1%
Regal Hotels International Holdings Ltd 2.99 3.03 -1%
Sino Hotels Holdings Ltd 2.25 2.29 -2%
The Hong Kong & Shanghai Hotels Ltd 12.92 12.88
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 106.70 102.55 4%
EIH (Oberoi Hotels & Resorts) 136.70 131.45 4%
Hotel Leela Ventures 49.70 49.75
Korea Exchange (KRW)
The Shilla  26,300 25,350 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.43 0.44 -2%
ART Management Limited 1.20 1.19 1%
Banyan Tree Holdings Limited 0.85 0.85
CDL HTrust  2.07 1.97 5%
Hotel Grand Central Ltd 0.79 0.80 -1%
Hotel Properties Ltd 2.95 2.86 3%
Mandarin Oriental International Ltd (US$) 1.38 1.35 2%
Pan Pacific Hotels Group Limited 1.60 1.58 1%
Shangri-La Asia Limited (HK$) 16.40 15.84 4%
Stamford Land Corporation Ltd 0.49 0.50 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  508 473 7%
The Ambassador Hotel, Ltd  44.75 44.75
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  230,700 229,300 1%
Japan Hotel and Resort Inc 193,400 191,800 1%
Imperial Hotel, Ltd  1,910 1,892 1%
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Michael Schwarz
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Mark Keith & Daniel Voellm
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Manav Thadani
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Adeline Phua
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David Ling
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