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Featured in this Asia Pacific Hospitality Newsletter |
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The Peninsula Hong Kong is set to receive a facelift after its
board of directors approved plans for an extensive
renovation of its guestrooms. An iconic hotel that was
opened back in 1928, The Peninsula last had a significant
renovation exercise back in 1994, which was also the year
the tower extension was completed. Set to be carried out in
two phases from January 2012 to April 2013, the total cost
will amount to approximately US$45.1 million. The hotel will
remain open throughout the renovation period. |
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GuocoLand is planning to build a US$2.3 billion mixed-use
development on top of the Tanjong Pagar MRT Station. As
stipulated by the Urban Redevelopment Authority, GuocoLand
is required to allocate at least 60% of the maximum 1.7
million square feet gross floor area to offices and another
10% for hotels. The project will also feature the tallest
residential tower in the country, which will reach 78
storeys. The group plans to develop two towers with offices,
a hotel, apartments and ground-floor retail space. |
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Shangri-La Hotels and Resorts has announced the opening of the
Traders Hotel, Malé, Maldives on 22 November 2010. The
117-room hotel is located in the administrative and business
district of Malé and a convenient five-minute speedboat ride
from Malé Airport. The 14-storey hotel is the tallest hotel
structure in downtown Malé and offers great views of the
Indian Ocean from its rooftop restaurant and lounge. In
addition to an 18.5-metre rooftop infinity pool and three
food and beverage outlets, the hotel also offers three
meeting facilities, including a ballroom that can
accommodate up to 300 people. |
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InterContinental Hotels Group’s InterContinental brand will mark
its entry into the Malaysian hotel market with the opening of
the InterContinental Kuala Lumpur. The hotel will be replacing
the current Nikko Hotel Kuala Lumpur with effect from 1 February
2011. The 473-room hotel is strategically located in Jalan
Ampang, the city’s business, shopping and entertainment
district. The InterContinental Kuala Lumpur is also a short
distance to the Petronas Twin Towers and the Kuala Lumpur
Convention Centre. The group will embark on a 30-month ongoing
refurbishment exercise for the hotel which will be carried out
in three phases. |
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Boosted by the highest passenger totals on record for the
month of October, Melbourne Airport has for the first time
exceeded 27 million annual passengers. The airport handled
more than 2.5 million passengers in October, with
international passengers increasing by 14.3% over the same
month in 2009 to reach 532,046. The strong international
performance was driven by increased travel to and from Asia,
led by Malaysia and Thailand, which went up 42.7% and 41.9%,
respectively. These figures are set to rise with the entry
of new airlines such as Air India and Royal Brunei Airlines,
which will be launching their services in the coming months. |
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Positioned as the city’s first ‘business lifestyle’ resort,
the Alila Bangalore is set to open in February 2011.
Conveniently located within Bangalore’s business district,
the hotel caters to travellers who want accessibility to
both amenities and leisure options. This is Alila Hotels and
Resorts’ first property in Bangalore, following closely
after the opening of the Alila Diwa Goa in December 2009.
The hotel will feature 101 studio rooms, 12 SOHO Suites,
seven Leisure Suites and two Alila Residences for families
and long-stay guests. |
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Absolute Share Price Performance, as at
10 december 2010 |
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Closing Share Price as at |
10 December 2010 |
3 December 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.52 |
6.48 |
1% |
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General Property Group |
2.88 |
2.80 |
3% |
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Mirvac Group |
1.27 |
1.28 |
-1% |
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Ocean Capital Limited |
0.24 |
0.24 |
– |
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Thakral Holdings Group |
0.50 |
0.50 |
– |
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Living and Leisure Australia Group |
0.022 |
0.021 |
5% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.84 |
4.90 |
-1% |
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Dusit Thani Public Co Ltd |
32.00 |
31.50 |
2% |
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The Erawan Group Public Co Ltd |
2.28 |
2.26 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.62 |
1.57 |
3% |
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Laguna Resorts & Hotel Public Co Ltd |
52.00 |
52.00 |
– |
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Minor International Public Co Ltd |
11.90 |
11.60 |
3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
24.35 |
24.98 |
-3% |
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Beijing Capital Tourism Co Ltd |
24.40 |
24.22 |
1% |
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Jinling Hotel Corporation Ltd |
9.80 |
9.68 |
1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
8.99 |
8.72 |
3% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.96 |
11.00 |
– |
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Shenzhen Century Plaza Hotel Co Ltd |
5.78 |
5.96 |
-3% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
43.00 |
47.06 |
-9% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.00 |
9.00 |
– |
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Regal Hotels International Holdings Ltd |
3.13 |
3.11 |
1% |
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Sino Hotels Holdings Ltd |
2.42 |
2.45 |
-1% |
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The Hong Kong & Shanghai Hotels Ltd |
13.02 |
13.28 |
-2% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
91.75 |
95.00 |
-3% |
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EIH (Oberoi Hotels & Resorts) |
111.80 |
116.35 |
-4% |
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Hotel Leela Ventures |
43.83 |
45.30 |
-3% |
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Korea Exchange (KRW) |
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The Shilla |
29,000 |
30,200 |
-4% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.46 |
0.46 |
– |
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Ascott Residence Trust |
1.22 |
1.19 |
3% |
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Banyan Tree Holdings Limited |
1.12 |
1.11 |
1% |
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CDL HTrust |
2.03 |
2.01 |
1% |
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Hotel Grand Central Ltd |
0.84 |
0.84 |
– |
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Hotel Properties Ltd |
2.84 |
2.87 |
-1% |
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Mandarin Oriental International Ltd (US$) |
2.02 |
2.08 |
-3% |
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Pan Pacific Hotels Group Limited |
1.59 |
1.60 |
-1% |
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Shangri-La Asia Limited (HK$) |
18.04 |
20.50 |
-12% |
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Stamford Land Corporation Ltd |
0.57 |
0.58 |
-2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
497 |
501 |
-1% |
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The Ambassador Hotel, Ltd |
46.30 |
46.30 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
257,800 |
254,700 |
1% |
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Japan Hotel and Resort Inc |
230,000 |
228,800 |
1% |
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Imperial Hotel, Ltd |
1,990 |
1,873 |
6% |
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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. |
