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Featured in this Asia Pacific Hospitality Newsletter |
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 The
Sixth Hotel Investment Conference - South Asia (HICSA) 2010
is scheduled for April 7th and 8th, 2010 and is to be hosted
at the Grand Hyatt, Mumbai. Over the past five years the
conference has played host to 30 global CEO's, 2,200
plus delegates, and has had a wide range of
attendees from owners, real estate developers, operators,
bankers, architects and consultants. This exclusive event
promises to once again line up some of the best known global
faces of the hospitality industry including
Frits van Paasschen, President & CEO - Starwood Hotels
& Resorts, Eric Danziger, President & CEO - Wyndham
Worldwide, Mark Hoplamazian, CEO & President, Hyatt
Hotels Corporation, Nakul Anand, Divisional Chief
Executive - Hotel Division, ITC, Gamal Aziz,
President & CEO - MGM Mirage Hospitality, Gerald Lawless,
Executive Chairman - Jumeirah Group, Capt CP Krishnan
Nair, Chairman - The Leela Palaces Hotels and Resorts,
Raymond Bickson, MD & CEO - Taj Hotels Resorts and
Palaces, Martin Rinck, President - Asia Pacific,
Hilton Hotels, Henry Gabey, Co-Founder & Co-Chairman
- DUET Group, Louis Klein, MD - Real Estate, IREO,
New York, Peter Meyer, MD - Pacifica Partners,
Michael Evans, EVP Global Development - MGM MIRAGE
Hospitality, Richard Solomons, CFO and Head of
Commercial Development - IHG. The conference has been
regarded by many as the best networking opportunity in the
region and a must attend for all associated to the hotel
industry.
Click here to view the website |
Latest Agenda |
View Speakers List |
Register Now! |
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According to the Beijing Municipal Bureau of Statistics,
star-rated hotels in Beijing recorded approximately US$3.2
billion in total revenue in 2009, of which around US$1.5
billion was rooms revenue. Five-star hotels in Beijing
suffered a 16.9% decline in terms of revenue while
three-star hotels witnessed a 0.8% growth in total revenue
as compared to 2008. During the same period of time,
two-star hotels recorded a 15.5% growth in revenue and
one-star hotels saw a 22.2% decline. |
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Jumeirah Group (Jumeirah), which is based in Dubai, has
announced that it has entered into an agreement with Xanadu
Holdings Private Limited to manage Jumeirah Meradhoo in
Gaafu Alifu Atoll, the Maldives. The 36-key resort,
comprising 20 beach villas of 300 square metres in size and
16 240-square-metre water villas, is located on a
45,000-square-metre island. The resort is envisaged to
feature three restaurants, a bar and a spa among its
facilities. Currently, Jumeirah has 42 properties which it
manages or are under development globally. |
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According to the report ‘Tourism Highlights’ released by the
Cambodian government, Cambodia has witnessed steady growth
in its tourism sector over the last five years. In 2004,
there was a total of one million international arrivals to
Cambodia and this figure was recorded at approximately 2.13
million in 2009, reflecting a compound annual growth rate of
around 16%. In 2009, the Vietnamese formed the largest group
of arrivals, accounting for approximately 15%. The Koreans
formed the second largest group at 9% of total arrivals
while the Americans accounted for 7%. |
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The 175-key Radisson Blu Hotel is currently under construction
and is scheduled to open in the capital of Mongolia,
Ulaanbaatar, by the first quarter of 2011. Owned by Nomadic
Journeys and to be managed by the Rezidor Hotel Group, the
hotel is located in the city centre and lies adjacent to
Sukhbaatar Square and Peace Avenue. The hotel is envisaged
to offer three food and beverage outlets, a wellness centre
and approximately 1,500 square metres of meeting facilities. |
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Eco-friendly real estate developments have been identified as
the upcoming trend in Vietnam but experts have raised
concerns about the lack of standards in regard to such
developments. According to the Ministry of Construction, it
confirmed that there are no standards for eco-friendly
projects as it is a relatively new concept. These projects
are typically priced higher and are being developed in
coastal areas or adjacent to water bodies. It was reported
that investors see potential in these products as this
market is considered to be relatively underdeveloped in
Vietnam. |
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From March 2010, the Royal Orchid Pattaya and the Erawan Hotel
Pattaya will be rebranded as the Golden Tulip Resort Pattaya
and the Golden Tulip Erawan Hotel, respectively. These two
properties are scheduled to undergo refurbishments before
their official openings. Presently, Golden Tulip features
more than 213 hotels in its portfolio and the addition of
these two properties indicate the intentions of the company
to expand in Asia. It was reported that Golden Tulip is also
looking at opportunities in Singapore, Hong Kong, Vietnam,
Malaysia, Cambodia and Indonesia, other than Thailand. |
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Absolute Share Price Performance, as at
12 February 2010 |
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Closing Share Price as at |
12 Feb 2010 |
5 Feb 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.95 |
5.64 |
5% |
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General Property Group |
0.58 |
0.60 |
-3% |
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Mirvac Group |
1.48 |
1.49 |
-1% |
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Ocean Capital Limited |
0.37 |
0.38 |
-3% |
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Thakral Holdings Group |
0.35 |
0.35 |
-1% |
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Living and Leisure Australia Group |
0.023 |
0.023 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.94 |
3.92 |
1% |
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Dusit Thani Public Co Ltd |
27.00 |
27.00 |
– |
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The Erawan Group Public Co Ltd |
2.32 |
2.38 |
-3% |
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Grande Asset Hotels and Property Public Co Ltd |
1.25 |
1.25 |
– |
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Laguna Resorts & Hotel Public Co Ltd |
39.50 |
40.00 |
-1% |
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Minor International Public Co Ltd |
10.80 |
11.10 |
-3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
27.54 |
25.91 |
6% |
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Beijing Capital Tourism Co Ltd |
22.54 |
23.16 |
-3% |
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Jinling Hotel Corporation Ltd |
8.91 |
8.98 |
-1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.05 |
9.13 |
-1% |
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Guangzhou Dong Fang Hotel Co Ltd |
9.44 |
9.85 |
-4% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.38 |
7.22 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
31.34 |
28.31 |
11% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.30 |
8.23 |
1% |
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Regal Hotels International Holdings Ltd |
2.77 |
2.72 |
2% |
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Sino Hotels Holdings Ltd |
2.28 |
2.28 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
11.06 |
10.88 |
2% |
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Korea Exchange (KRW) |
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The Shilla |
19,650 |
20,050 |
-2% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.50 |
0.51 |
-2% |
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ART Management Limited |
1.16 |
1.14 |
2% |
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Banyan Tree Holdings Limited |
0.72 |
0.68 |
6% |
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CDL HTrust |
1.70 |
1.70 |
– |
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Hotel Grand Central Ltd |
0.74 |
0.70 |
6% |
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Hotel Properties Ltd |
2.07 |
1.99 |
4% |
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Mandarin Oriental International Ltd (US$) |
1.38 |
1.32 |
5% |
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Pan Pacific Hotels Group Limited |
1.49 |
1.51 |
-1% |
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Shangri-La Asia Limited (HK$) |
13.30 |
13.00 |
2% |
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Stamford Land Corporation Ltd |
0.42 |
0.41 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
350 |
335 |
4% |
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The Ambassador Hotel, Ltd |
34.70 |
34.20 |
1% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
138,800 |
135,800 |
2% |
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Japan Hotel and Resort Inc |
117,600 |
120,300 |
-2% |
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Imperial Hotel, Ltd |
1,601 |
1,602 |
0% |
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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. |
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