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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 15 January 2010 |
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 As
The Most Influential Hotel Investment Conference in
China, the 6th revised edition of the China Hotel
Investment Conference (CHIC) is scheduled on 12 to 14 May
2010, at the InterContinental Puxi Shanghai. Over the past
five years, the Conference has hosted over 2,500 delegates
from 25 countries. The theme for 2010 'From Asia to
Global Powerhouse, China – An Extraordinary Opportunity
Awaits' invites you on an exciting
expedition to explore investment and other business
opportunities in this vast market, including the hospitality
industry where domestic tourism continues to grow steadily
from 1.8 billion arrivals in 2008 to an estimated 2.0
billion arrivals in 2009, bucking global tourism trends.
Sound strategies are therefore necessary to harness these
opportunities. Be inspired - from the
meetings, exchange of ideas and collaboration with other
leaders. There are many exciting events lined up, including
Forums (Strategies to Tap the Domestic Tourism
Boom, China Investment Policies – Understanding and Doing It
Right, and more), Masters Series (Isights into
Improving Your Hotel Performance and Asset Management –
Enhancing Your Hotel Values), Speed Networking
(meeting other leaders), and Exhibitions
(showcase of the latest innovations). Additionally, don’t
miss the organised tour to the Shanghai World Expo
2010 (separate registration)!
Click here to view the website.
Register now. |
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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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Six Senses Resorts and Spas (Six Senses) has entered into an
agreement with Ninh Van Bay Travel Real Estate Joint Stock
Company (Ninh Van Bay) for the management of two new luxury
resorts in Vietnam. Six Senses Latitude Saigon River, which
is located in Dong Nai Province, is scheduled to commence
operations by the second quarter of 2011 while Six Senses
Latitude Phu Quoc, located in Kien Gang Province, is
envisaged to open in 2012. Currently, Six Senses manages the
Six Senses Hideaway Ninh Van Bay in Nha Trang, which is
owned by Ninh Van Bay. |
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According to the Ministry of Hotels and Tourism, the number of
international arrivals at Yangon International Airport
recorded approximately 111,000 in the first half of fiscal
year 2009/10 (April to September 2009), reflecting a
significant 34% increase from the previous year. Local
hoteliers are forecasting that the current supply of hotels
in the market is insufficient to cater for the increased
demand expected in 2010/11. As such, the Ministry of Hotels
and Tourism is actively promoting its tourism market in
cooperation with international and domestic airlines, tour
operators and travel agencies. |
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Hampshire Hotels and Resorts LLC (Hampshire Hotels) has
announced that it is looking to invest approximately US$1
billion to develop 14 hotels across India between 2010 and
2014. The new developments are scheduled to be located in
cities such as New Delhi, Mumbai, Hyderabad and Chennai.
Currently, Hampshire Hotels has already invested
approximately US$250 million in India. |
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According to the Ministry of Interior, land value in Taipei
City rose by 2.05%, recording the highest growth in the
six-month period from April to September 2009 against
September 2008 as a base period. Across the 16 cities and
counties in Taiwan, land values were recorded to have grown
1.09% in January 2010, as compared to July 2009. The main
factor for the growth has been attributed to the extension
of the mass rapid transit system in Taipei. On the other
hand, declining land values have been witnessed in cities
and counties such as Taitung and Hualien which were affected
by Typhoon Morakot. |
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A Universal Studios theme park, Universal Studios Korea
Resort, is planned to be developed in Hwaseong, Gyeonggi
Province, South Korea, with construction expected to
commence from March 2011. The theme park, which is envisaged
to feature a water park, a themed hotel, a condominium,
retail outlets and a golf course, will offer approximately
4.4 million square metres of space, marking it as the
largest theme park in Asia. To be developed with a budget of
approximately US$2.6 billion, the theme park is scheduled to
open in early 2014. |
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Absolute Share Price Performance, as at
15 January 2010
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Closing Share Price as at |
15 Jan 2010 |
8 Jan 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.70 |
5.77 |
-1% |
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General Property Group |
0.59 |
0.61 |
-2% |
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Mirvac Group |
1.62 |
1.64 |
-1% |
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Ocean Capital Limited |
0.38 |
0.38 |
– |
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Thakral Holdings Group |
0.36 |
0.42 |
-15% |
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Living and Leisure Australia Group |
0.027 |
0.029 |
-7% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.34 |
4.40 |
-1% |
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Dusit Thani Public Co Ltd |
28.50 |
24.00 |
19% |
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The Erawan Group Public Co Ltd |
2.54 |
2.56 |
-1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.30 |
1.25 |
4% |
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Laguna Resorts & Hotel Public Co Ltd |
42.00 |
41.25 |
2% |
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Minor International Public Co Ltd |
11.60 |
12.30 |
-6% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
26.44 |
24.75 |
7% |
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Beijing Capital Tourism Co Ltd |
23.20 |
22.49 |
3% |
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Jinling Hotel Corporation Ltd |
8.86 |
8.32 |
6% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.36 |
8.61 |
9% |
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Guangzhou Dong Fang Hotel Co Ltd |
8.49 |
8.42 |
1% |
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Shenzhen Century Plaza Hotel Co Ltd |
8.12 |
7.99 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
35.11 |
40.06 |
-12% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.30 |
8.59 |
-3% |
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Regal Hotels International Holdings Ltd |
3.12 |
3.20 |
-3% |
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Sino Hotels Holdings Ltd |
2.28 |
2.30 |
-1% |
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The Hong Kong & Shanghai Hotels Ltd |
11.14 |
11.58 |
-4% |
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Korea Exchange (KRW) |
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The Shilla |
23,550 |
21,350 |
10% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.58 |
0.56 |
4% |
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ART Management Limited |
1.36 |
1.35 |
1% |
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Banyan Tree Holdings Limited |
0.83 |
0.82 |
1% |
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CDL HTrust |
1.80 |
1.80 |
– |
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Hotel Grand Central Ltd |
0.75 |
0.75 |
– |
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Hotel Properties Ltd |
2.43 |
2.40 |
1% |
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Mandarin Oriental International Ltd (US$) |
1.49 |
1.46 |
2% |
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Pan Pacific Hotels Group Limited |
1.57 |
1.62 |
-3% |
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Shangri-La Asia Limited (HK$) |
14.30 |
14.20 |
1% |
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Stamford Land Corporation Ltd |
0.45 |
0.43 |
5% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
403 |
407 |
-1% |
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The Ambassador Hotel, Ltd |
38.80 |
38.60 |
1% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
134,600 |
134,500 |
0% |
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Japan Hotel and Resort Inc |
138,000 |
131,800 |
5% |
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Imperial Hotel, Ltd |
1,619 |
1,619 |
– |
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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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