HVS Website
February 19, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
China Hotel Investment Conference (CHIC) - 12-14 May 2010
Club Med To Open First Property In China At Sun Mountain Yabuli
Hilton Looking To Open 100 Hotels In India In Seven To Ten Years
Indonesia Withdraws Seven-Day Visa-On-Arrival
Net Profits For John Keells Hotels Increase By 471% For December Quarter
Macau’s Hotel Occupancy Down While Supply Increases in 2009
Absolute Share Price Performance, As At 19 February 2010
China Hotel Investment Conference (CHIC) - 12-14 May 2010 Return to Headlines
InterContinental Shanghai Puxi | Shanghai, PR China

Early Bird Registration Extension – Up To 5 March 2010

Good news – we’ve extended deadline! Our early bird special rate will be extended until 5 March.

China Hotel Investment Conference (CHIC) is the premium meeting place that gathers the most influential developers, hotel owners, hotel management companies, bankers and more. CHIC 2010 aims to bring together greater experience for all stakeholders of the hospitality industry to network, exchange best practices and ideas, explore opportunities and foster collaborations.

Don’t miss out the final opportunity; join in us at this most influential hotel investment conference in China to gain insights, build high-level connections and clinch key business deals.

Register now for a most cost savvy investment!

Click Here for more details.

Club Med To Open First Property In China At Sun Mountain Yabuli Return to Headlines
Melco China Resorts (Holding) Limited has announced that it has entered into a management agreement with Club Med Asie SA (Club Med) to operate two new hotels at the Sun Mountain Yabuli resort in northern China. The two hotels are expected to feature a total of 288 keys and will be marketed as an integrated Club Med Yabuli Resort. Club Med is reportedly injecting approximately US$3 million to include facilities and refinements to meet Club Med's brand and operating standards.
Hilton Looking To Open 100 Hotels In India In Seven To Ten Years Return to Headlines
Hilton Worldwide (Hilton) is reportedly planning to open approximately 100 hotels within the next seven to ten years in India. The hotels, which are expected to comprise a variety of ten brands under Hilton, are envisaged to be mainly managed properties while franchised properties will not be standalone. Currently, Hilton has one hotel operating in India and a further three to five properties are expected to be opened by end of 2010.
Indonesia Withdraws Seven-Day Visa-On-Arrival Return to Headlines
The Indonesian authorities have withdrawn the seven-day visa-on-arrival (VOA), which costs US$10, in late January and moved to allow greater flexibility for the one-time extension of the 30-day VOA. Local operators and hoteliers have commented that the moves are expected to adversely affect the short-haul regional markets, which have to fork out US$25 for the 30-day VOA. Popular short-haul destinations such as Batam and Bintan are forecast to be the hardest hit markets as the average length of stay for visitors is typically less than three days.
Net Profits For John Keells Hotels Increase By 471% For December Quarter Return to Headlines
John Keells Hotels, one of Sri Lanka’s major hospitality owners, has reported a 471% increase in its net profits to approximately US$725,000 for the December quarter as compared to the same period a year ago. Revenue was recorded at approximately US$13.9 million, reflecting a 7% growth from the same quarter in 2008. The main factors contributing to the growth were the ending of a long-standing civil war and the global economic recovery.
Macau’s Hotel Occupancy Down While Supply Increases in 2009 Return to Headlines
According to the figures released by Macau’s Statistics and Census Service, the average occupancy rate of hotels was recorded at 71.6%, reflecting a 2.9-percentage-point decline from 2008. On the other hand, the total number of hotel rooms recorded at 19,216 in 2009, a 9.9% growth from 2008. The total arrivals at accommodation were recorded at 697,469 with mainland China and Hong Kong accounting for 48% and 23%, respectively. The average length of stay of hotel guests increased 0.1 nights to record 1.5 nights.
Absolute Share Price Performance, as at 19 February 2010
Closing Share Price as at 19 Feb 2010 12 Feb 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.09 5.95 2%
General Property Group 0.61 0.58 4%
Mirvac Group 1.49 1.48 1%
Ocean Capital Limited 0.37 0.37
Thakral Holdings Group 0.34 0.35 -1%
Living and Leisure Australia Group 0.023 0.023
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.90 3.94 -1%
Dusit Thani Public Co Ltd 25.75 27.00 -5%
The Erawan Group Public Co Ltd 2.26 2.32 -3%
Grande Asset Hotels and Property Public Co Ltd 1.25 1.25
Laguna Resorts & Hotel Public Co Ltd 41.00 39.50 4%
Minor International Public Co Ltd 10.50 10.80 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  27.54 27.54
Beijing Capital Tourism Co Ltd 22.54 22.54
Jinling Hotel Corporation Ltd 8.91 8.91
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.05 9.05
Guangzhou Dong Fang Hotel Co Ltd 9.44 9.44
Shenzhen Century Plaza Hotel Co Ltd 7.38 7.38
Home Inns & Hotels Management Inc 32.59 31.34 4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.30 8.30
Regal Hotels International Holdings Ltd 2.75 2.77 -1%
Sino Hotels Holdings Ltd 2.28 2.28
The Hong Kong & Shanghai Hotels Ltd 11.04 11.06 0%
Korea Exchange (KRW)
The Shilla  19,350 19,650 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.50
ART Management Limited 1.13 1.16 -3%
Banyan Tree Holdings Limited 0.69 0.72 -4%
CDL HTrust  1.67 1.70 -2%
Hotel Grand Central Ltd 0.75 0.74 1%
Hotel Properties Ltd 2.04 2.07 -1%
Mandarin Oriental International Ltd (US$) 1.38 1.38
Pan Pacific Hotels Group Limited 1.50 1.49 1%
Shangri-La Asia Limited (HK$) 12.90 13.30 -3%
Stamford Land Corporation Ltd 0.41 0.42 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  350 350 0%
The Ambassador Hotel, Ltd  34.70 34.70 0%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  142,100 138,800 2%
Japan Hotel and Resort Inc 128,900 117,600 10%
Imperial Hotel, Ltd  1,610 1,601 1%
Return to Headlines
HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive emails from our HVS list. You are receiving this email because you have contacted us through our website or through other means. To unsubscribe from future mailings to this list, please send a blank email to: $subst('Email.UnSub').

If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.

You can also contact us by phone or regular mail:

Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
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.

HVS 2010 Terms of Use | Contact Us