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Featured in this Asia Pacific Hospitality Newsletter |
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Centara Hotels and Resorts (Centara) aims to move into the
mid-range and lower-end hotel segments with a joint venture
and the upcoming launch of a new budget brand. The joint
venture will be with a major tour operator for a mid-range
development which is expected to be announced in 2011. Also
in the pipeline for 2011 is the launch of a new budget hotel
brand, which follows closely after the introduction of the
Centara Boutique Collection and three-star Centra brands.
The Thai hotel group aims to expand their portfolio to 65
hotels and 10,000 rooms within the next three years, up from
the 42 hotels and 7,000 rooms it currently owns and operates
in Thailand, India, Egypt, the Philippines and Vietnam. |
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The future of the tourist hotel industry in Taiwan looks
bright with some key developments. The opening to
international flights of four key city airports, Sungshan
Airport in Taipei, Hongqiao Airport in Shanghai, Haneda
Airport in Tokyo, and Kimpo Airport in Seoul, is expected to
continue to drive tourist arrivals to Taiwan. The gradual
recovery of the global economy and the normalisation of
relations between Taiwan and mainland China will also be
beneficial to Taiwan’s tourism industry, with the
prohibition on FIT travel to Taiwan by mainland Chinese
tourists soon to be lifted. The government itself has given
importance to the development of the country’s tourist
industry, allocating approximately US$1.018 billion for the
implementation of the Taiwan Tourism Development Plan. |
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Interstate Hotels and Resorts, a joint venture between Thayer
Lodging Group and Jin Jiang International Hotels Group, will
be managing the Shanghai Tower J-Hotel. Standing 121 storeys
or 2,072 feet tall, the Shanghai Tower J-Hotel will be the
world’s highest hotel when it is completed in 2014. The
hotel will occupy Floors 84 to 110 of the Shanghai Tower,
which will be China’s tallest building and the second
tallest worldwide. The upcoming 258-guestroom hotel will be
branded under J-Hotels, the ultra-luxury brand of Jin Jiang
International Hotels Group. |
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Pan Pacific Hotels Group (Pan Pacific) has completed the
acquisition of the 276-key Hilton Melbourne Airport Hotel for
A$109 million (US$107 million) from owner Mulpha Australia Ltd.
The purchase price of the hotel, which was put on the market in
early October, translates to US$388,000 per key, representing an
approximately 9% discount from the asking price. Pan Pacific has
indicated that it has plans to convert the property to its Park
Royal brand. |
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With the opening of one hotel each in Japan and China, YTL
Hotels (YTL) will expand its portfolio of properties to 16
in early 2011. The Green Leaf Niseko Village in Hokkaido,
which was acquired by the group last year, has completed its
makeover and was opened on 1 Decemberthis year. The project
will include, among other developments, the 200-room Green
Leaf Niseko Village Hotel, complemented by the 500-room
Hilton Hotel, which is also owned by the group. YTL will
also be opening the Swatch Art Peace Hotel over at Shanghai
in March 2011. Other upcoming developments for the group
include two island resorts under construction in Sabah, one
in Pulau Gaya and another in Pulau Tiga, which are scheduled
for completion in 2012. |
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The Most Influential Hotel Investment Conference In
China
The highly anticipated 7th revised edition of the China
Hotel Investment Conference (CHIC) will take place from 20
to 22 April 2011 at InterContinental Shanghai Puxi,
Shanghai, China. Themed ‘Exponential Growth in an
Extraordinary Market’, this must-attend conference will
feature stellar speakers such as Professor Dai Bin,
President, China Tourism Academy, China National Tourism
Administration; Tony Nash, Global Director,
Client Research, Economist Intelligence Unit; Hubert
Joly, President, Chief Executive Officer and
Director, Carlson; Christopher J Nassetta,
President and Chief Executive Officer, Hilton Worldwide;
Jason Kern, Managing Director, Head of Real
Estate Advisory, HSBC Hong Kong; and Vinay Dixit,
Senior Director, Asia Consumer Centers, McKinsey & Company,
just to name a few.
Topics that will be presented during the conference include
Economic Insights on the Global, Regional and Domestic
Levels, CNTA Tourism Update 2011, Business Models of Hotel
Investment Portfolios from the Big Boys, What’s going on in
the Boardroom, How Global Players Search for Strategic
Partnerships and many more. In addition, CHIC 2011’s
Advisory Board comprises almost 30 of the most noteworthy
names in the industry, providing a multitude of networking
opportunities.
Be a part of this exciting three-day conference! Register
and pay before 18 February 2011 to save up to US$200.
Visit
www.chinahotelconference.com for more information. |
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Absolute Share Price Performance, as at
24 december 2010 |
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Closing Share Price as at |
24 December 2010 |
17 December 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.58 |
6.52 |
1% |
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General Property Group |
2.93 |
2.91 |
1% |
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Mirvac Group |
1.22 |
1.22 |
– |
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Ocean Capital Limited |
0.25 |
0.24 |
4% |
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Thakral Holdings Group |
0.55 |
0.52 |
6% |
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Living and Leisure Australia Group |
0.025 |
0.028 |
-11% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.96 |
5.00 |
-1% |
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Dusit Thani Public Co Ltd |
34.00 |
32.00 |
6% |
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The Erawan Group Public Co Ltd |
2.54 |
2.32 |
9% |
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Grande Asset Hotels and Property Public Co Ltd |
3.16 |
1.55 |
104% |
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Laguna Resorts & Hotel Public Co Ltd |
56.00 |
54.00 |
4% |
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Minor International Public Co Ltd |
11.40 |
12.20 |
-7% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
23.04 |
24.80 |
-7% |
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Beijing Capital Tourism Co Ltd |
22.78 |
25.40 |
-10% |
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Jinling Hotel Corporation Ltd |
9.38 |
10.23 |
-8% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.45 |
10.01 |
-6% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.56 |
11.15 |
-5% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.62 |
5.89 |
-5% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
41.71 |
42.21 |
-1% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.00 |
9.02 |
– |
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Regal Hotels International Holdings Ltd |
2.96 |
3.05 |
-3% |
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Sino Hotels Holdings Ltd |
2.50 |
2.52 |
-1% |
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The Hong Kong & Shanghai Hotels Ltd |
13.30 |
13.30 |
– |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
94.55 |
93.35 |
1% |
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EIH (Oberoi Hotels & Resorts) |
116.40 |
112.95 |
3% |
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Hotel Leela Ventures |
46.00 |
43.60 |
6% |
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Korea Exchange (KRW) |
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The Shilla |
27,300 |
28,850 |
-5% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.46 |
0.47 |
-2% |
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Ascott Residence Trust |
1.21 |
1.28 |
-5% |
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Banyan Tree Holdings Limited |
1.16 |
1.19 |
-3% |
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CDL HTrust |
2.10 |
2.04 |
3% |
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Hotel Grand Central Ltd |
0.83 |
0.84 |
-1% |
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Hotel Properties Ltd |
2.85 |
2.87 |
-1% |
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Mandarin Oriental International Ltd (US$) |
1.99 |
2.04 |
-2% |
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Pan Pacific Hotels Group Limited |
1.57 |
1.59 |
-1% |
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Shangri-La Asia Limited (HK$) |
21.00 |
21.30 |
-1% |
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Stamford Land Corporation Ltd |
0.60 |
0.59 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
521 |
534 |
-2% |
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The Ambassador Hotel, Ltd |
49.20 |
48.50 |
1% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
264,000 |
257,200 |
3% |
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Japan Hotel and Resort Inc |
264,800 |
243,000 |
9% |
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Imperial Hotel, Ltd |
2,050 |
2,000 |
2% |
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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
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provided. For further information, please feel free to contact
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