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Featured in this Asia Pacific Hospitality Newsletter |
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 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. |
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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. |
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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. |
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The Indonesian authorities have withdrawn the seven-day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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
19 February 2010 |
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Closing Share Price as at |
19 Feb 2010 |
12 Feb 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.09 |
5.95 |
2% |
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General Property Group |
0.61 |
0.58 |
4% |
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Mirvac Group |
1.49 |
1.48 |
1% |
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Ocean Capital Limited |
0.37 |
0.37 |
– |
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Thakral Holdings Group |
0.34 |
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 |
3.90 |
3.94 |
-1% |
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Dusit Thani Public Co Ltd |
25.75 |
27.00 |
-5% |
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The Erawan Group Public Co Ltd |
2.26 |
2.32 |
-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 |
41.00 |
39.50 |
4% |
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Minor International Public Co Ltd |
10.50 |
10.80 |
-3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
27.54 |
27.54 |
– |
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Beijing Capital Tourism Co Ltd |
22.54 |
22.54 |
– |
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Jinling Hotel Corporation Ltd |
8.91 |
8.91 |
– |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.05 |
9.05 |
– |
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Guangzhou Dong Fang Hotel Co Ltd |
9.44 |
9.44 |
– |
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Shenzhen Century Plaza Hotel Co Ltd |
7.38 |
7.38 |
– |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
32.59 |
31.34 |
4% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.30 |
8.30 |
– |
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Regal Hotels International Holdings Ltd |
2.75 |
2.77 |
-1% |
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Sino Hotels Holdings Ltd |
2.28 |
2.28 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
11.04 |
11.06 |
0% |
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Korea Exchange (KRW) |
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The Shilla |
19,350 |
19,650 |
-2% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.50 |
0.50 |
– |
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ART Management Limited |
1.13 |
1.16 |
-3% |
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Banyan Tree Holdings Limited |
0.69 |
0.72 |
-4% |
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CDL HTrust |
1.67 |
1.70 |
-2% |
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Hotel Grand Central Ltd |
0.75 |
0.74 |
1% |
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Hotel Properties Ltd |
2.04 |
2.07 |
-1% |
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Mandarin Oriental International Ltd (US$) |
1.38 |
1.38 |
– |
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Pan Pacific Hotels Group Limited |
1.50 |
1.49 |
1% |
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Shangri-La Asia Limited (HK$) |
12.90 |
13.30 |
-3% |
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Stamford Land Corporation Ltd |
0.41 |
0.42 |
-2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
350 |
350 |
0% |
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The Ambassador Hotel, Ltd |
34.70 |
34.70 |
0% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
142,100 |
138,800 |
2% |
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Japan Hotel and Resort Inc |
128,900 |
117,600 |
10% |
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Imperial Hotel, Ltd |
1,610 |
1,601 |
1% |
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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. |
