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Featured in this Asia Pacific Hospitality Newsletter |
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 InterContinental
Shanghai Puxi | Shanghai, PR China
Session Highlight: Hotel Investment in China –
Understanding the Rules and Getting Your Strategy Right
What is the foreign investment policy in China’s real estate
market? How and where are the resources to finance your
hotel investment projects? How do you transfer your money
into and out of China? Understanding the new rules,
regulations and standards of the foreign investment policy
of China is crucial for success.
Join us in a session with Ms Wang Li Hua, Partner of Zhong
Lun Law Firm, in the master series on ‘Hotel Investment in
China – Understanding the Rules and Getting Your Strategy
Right’. She will provide you with comprehensive insights
into getting your strategy right and making the most of your
investment.
Speakers Confirmed as of 26 February 2010
CHIC aims to provide you with an exclusive opportunity to
meet and interact with industry experts – our notable
speakers from China, Asia Pacific and other parts of the
world. Our experts will bring you the latest insights and
share their knowledge on a range of specialised hospitality
business models.
Click here to find out more about our speakers.
Reminder! Early Bird Registration Extension – Up To 5
March 2010
Our early bird special rate will end on 5 March 2010.
Don’t miss out on this final opportunity; join us at the
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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 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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Marina Bay Sands, Singapore’s second integrated resort, has
announced that it will open on 27 April 2010. The opening is
expected to consist of 963 hotel rooms, food and beverage
outlets and casino, as well as a portion of the shopping
facility and convention centre. It was also announced that
the grand opening of the integrated resort is scheduled for
late June and this will include the opening of the SkyPark
and Event Plaza. The Marina Bay Sands museum is envisaged to
open by December 2010. |
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According to statistics provided by the authorities, the total
number of visitors to Taiwan’s tourist attractions was
recorded at 10.85 million, reflecting a 4% decline from the
same period in 2009, due to the cold spell experienced by
the island. Similarly, the visitation to the 23 theme parks
in Taiwan recorded 850,000 and generated approximately US$15
million during this period, reflecting a 3% and 4% decline,
respectively. However, the declines were mitigated by
arrivals from mainland China, which recorded approximately
35,000 during this holiday period. |
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It was reported that major Tokyo hotels recorded an average
occupancy of 68.7% in January 2010, reflecting a
nine-percentage-point growth from the same month in 2009.
This year-on-year increase signifies the seventh consecutive
month of gains. The growth in arrivals from Asian feeder
markets and strong demand from online bookings by
individuals have been attributed as two of the main reasons
for growth. However, it was also reported that business
conditions remain challenging as average room rates have
been declining while occupancy is still below the breakeven
point of 70%. |
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KBJ Group, a major jewellery company based in Mumbai, India,
has announced that it is planning to invest approximately
US$109 million to set up a hotel chain in India through its
subsidiary, KBJ Hotels Limited. The group targets to open
five hotels, totalling 469 keys, in religious locations
across India. Forming the first phase of investment by the
company, these locations have been identified to be Goa,
Bodhgaya, Varanasi, Kushinagar and Khajuraho. |
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Market analysts are hopeful that the increasing interest in
the Vietnam real estate market can lead to improving foreign
investments in the market which has been stagnant since the
global economic downturn in 2008. It was also reported that
the closure of gold trading floors in Vietnam by March 2010
may lead to a movement of capital into real estate markets.
In addition, the improvement in public infrastructure such
as the new East-West Highway in Ho Chi Minh City and
favourable demand-supply dynamics have been cited as
positive signs for the market’s recovery. |
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Absolute Share Price Performance, as at
26 February 2010 |
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Closing Share Price as at |
26 Feb 2010 |
19 Feb 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.67 |
6.09 |
-7% |
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General Property Group |
0.58 |
0.61 |
-5% |
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Mirvac Group |
1.53 |
1.49 |
3% |
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Ocean Capital Limited |
0.35 |
0.37 |
-5% |
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Thakral Holdings Group |
0.35 |
0.34 |
1% |
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Living and Leisure Australia Group |
0.030 |
0.023 |
30% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.00 |
3.90 |
3% |
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Dusit Thani Public Co Ltd |
25.75 |
25.75 |
– |
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The Erawan Group Public Co Ltd |
2.26 |
2.26 |
– |
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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 |
38.50 |
41.00 |
-6% |
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Minor International Public Co Ltd |
10.60 |
10.50 |
1% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
27.79 |
27.54 |
1% |
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Beijing Capital Tourism Co Ltd |
23.10 |
22.54 |
2% |
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Jinling Hotel Corporation Ltd |
9.38 |
8.91 |
5% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.12 |
9.05 |
12% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.60 |
9.44 |
12% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.85 |
7.38 |
6% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
33.57 |
32.59 |
3% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.10 |
8.30 |
-2% |
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Regal Hotels International Holdings Ltd |
2.80 |
2.75 |
2% |
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Sino Hotels Holdings Ltd |
2.30 |
2.28 |
1% |
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The Hong Kong & Shanghai Hotels Ltd |
10.84 |
11.04 |
-2% |
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Korea Exchange (KRW) |
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The Shilla |
20,000 |
19,350 |
3% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.49 |
0.50 |
-2% |
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ART Management Limited |
1.14 |
1.13 |
1% |
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Banyan Tree Holdings Limited |
0.69 |
0.69 |
– |
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CDL HTrust |
1.69 |
1.67 |
1% |
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Hotel Grand Central Ltd |
0.75 |
0.75 |
– |
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Hotel Properties Ltd |
1.97 |
2.04 |
-3% |
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Mandarin Oriental International Ltd (US$) |
1.42 |
1.38 |
3% |
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Pan Pacific Hotels Group Limited |
1.53 |
1.50 |
2% |
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Shangri-La Asia Limited (HK$) |
12.64 |
12.90 |
-2% |
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Stamford Land Corporation Ltd |
0.44 |
0.41 |
7% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
340 |
350 |
-3% |
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The Ambassador Hotel, Ltd |
33.50 |
34.70 |
-3% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
145,800 |
142,100 |
3% |
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Japan Hotel and Resort Inc |
130,200 |
128,900 |
1% |
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Imperial Hotel, Ltd |
1,630 |
1,610 |
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. |
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