Featured in this Asia Pacific Hospitality Newsletter |
|
|
|
|
|
|
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! |
|
|
|
|
Indonesia’s Capital Investment Coordinating Board (BKPM) has
announced that it is seeking a replacement for a US$600
million tourism project in Lombok, an island located east of
Bali, after Dubai-based Emaar Properties (Emaar) failed to
implement its plans. Emaar had earlier requested for a
deadline of 31 December 2009 on a decision for the project.
The Indonesian authorities have reportedly received new
proposals for the development but they have maintained that
opportunities are still open. Emaar was initially confident
of attracting two million tourists to Lombok once the
project is completed. |
|
|
|
|
Hong Kong-based Kerry Properties (Kerry) and Shangri-La Hotels
and Resorts (Shangri-La) have formed a joint venture to
invest approximately US$50 million in real estate projects
across China. The projects are likely to comprise hotel,
commercial or residential components and the joint venture
is also expected to participate in land bids for sites in
China for these projects. Kerry will hold 55% of the joint
venture while Shangri-La will hold 45%. The term of this
venture is 50 years. |
|
|
|
|
Boutique hotel chain, Alila Hotels and Resorts (Alila), has
invested approximately US$21.7 million to build its first
hotel in Goa, a popular tourist destination in India. The
Alila Diwa Goa, which is likely to feature 149 keys, will be
located in Majorda in southern Goa. In addition, Alila is
expected to inaugurate their hotel in Bangalore by the end
of 2010 while two other hotels have been planned in Kerala.
Currently, Alila, which started operations in 2000, has ten
hotels located across Asia. |
|
|
|
|
It has been reported that Hong Kong Disneyland recorded a net
loss of approximately US$170 million for the fiscal year,
ending 3 October 2009, reflecting a 16% decline from US$202
million recorded during the same period in 2008. However,
total revenue recorded approximately US$327 million, a
decline brought about by the 1% decline in per capita
expenditure. During the same period, the theme park welcomed
4.6 million visitors, an increase of 2% from the previous
year, out of which 42% were local tourists while 36% were
from mainland China. Its hotel recorded occupancy of 70%, an
eight-percentage-point decline from 78% recorded in 2008. |
|
|
|
|
Sri Lanka’s John Keells Holdings (JKH) has announced that it
is making a cash call to raise approximately US$31 million
to develop new hotels and refurbish its existing hotels
across Sri Lanka. New hotels in the pipeline include a
109-key hotel in Beruwela, which will be branded under its
four-star ‘Chaaya’ brand and expected to cost approximately
US$14.8 million. In addition, JKH is also looking to develop
a 100-room five-star hotel on its existing land in Ahungalle
in the southwest coast. Existing properties scheduled to be
refurbished include the 80-room Club Oceanic Hotel on the
eastern coast of Trincomalee and the 115-key Bentota Beach
Hotel. |
|
|
|
|
Grand Lion Group, which is based in Cambodia and whose primary
business involves real estate and agriculture, has entered
into a management contract with Marriott International to
operate the 218-key Courtyard by Marriott Siem Reap. The
hotel, which is scheduled to open by 2011, is located on a
1.2-hectare site and its facilities include three food and
beverage outlets and 600 square metres of meeting
facilities. In addition, there are also plans to develop a
business hotel in Phnom Penh and a resort hotel in the
coastal town of Sihanoukville. It was reported that Grand
Lion Group will be investing approximately US$300 million in
these hotel projects. |
|
|
|
Absolute Share Price Performance, as at
29 January 2010 |
|
Closing Share Price as at |
29 Jan 2010 |
22 Jan 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.59 |
5.75 |
-3% |
General Property Group |
0.57 |
0.56 |
3% |
Mirvac Group |
1.46 |
1.48 |
-2% |
Ocean Capital Limited |
0.38 |
0.38 |
– |
Thakral Holdings Group |
0.36 |
0.37 |
-4% |
Living and Leisure Australia Group |
0.023 |
0.023 |
– |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
3.90 |
4.12 |
-5% |
Dusit Thani Public Co Ltd |
27.00 |
28.00 |
-4% |
The Erawan Group Public Co Ltd |
2.34 |
2.42 |
-3% |
Grande Asset Hotels and Property Public Co Ltd |
1.30 |
1.30 |
– |
Laguna Resorts & Hotel Public Co Ltd |
40.00 |
41.75 |
-4% |
Minor International Public Co Ltd |
10.80 |
11.00 |
-2% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
26.15 |
27.45 |
-5% |
Beijing Capital Tourism Co Ltd |
21.86 |
22.00 |
-1% |
Jinling Hotel Corporation Ltd |
8.37 |
8.69 |
-4% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
8.29 |
8.62 |
-4% |
Guangzhou Dong Fang Hotel Co Ltd |
9.50 |
10.20 |
-7% |
Shenzhen Century Plaza Hotel Co Ltd |
7.18 |
7.67 |
-6% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
30.76 |
32.32 |
-5% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
8.21 |
8.13 |
1% |
Regal Hotels International Holdings Ltd |
2.69 |
3.00 |
-10% |
Sino Hotels Holdings Ltd |
2.39 |
2.25 |
6% |
The Hong Kong & Shanghai Hotels Ltd |
10.98 |
11.00 |
0% |
Korea Exchange (KRW) |
The Shilla |
19,850 |
21,650 |
-8% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.51 |
0.54 |
-6% |
ART Management Limited |
1.16 |
1.29 |
-10% |
Banyan Tree Holdings Limited |
0.70 |
0.75 |
-7% |
CDL HTrust |
1.80 |
1.70 |
6% |
Hotel Grand Central Ltd |
0.71 |
0.73 |
-3% |
Hotel Properties Ltd |
2.05 |
2.20 |
-7% |
Mandarin Oriental International Ltd (US$) |
1.41 |
1.49 |
-5% |
Pan Pacific Hotels Group Limited |
1.51 |
1.52 |
-1% |
Shangri-La Asia Limited (HK$) |
13.20 |
13.82 |
-4% |
Stamford Land Corporation Ltd |
0.41 |
0.43 |
-5% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
363 |
378 |
-4% |
The Ambassador Hotel, Ltd |
36.00 |
36.30 |
-1% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
135,300 |
136,000 |
-1% |
Japan Hotel and Resort Inc |
126,500 |
131,000 |
-3% |
Imperial Hotel, Ltd |
1,600 |
1,614 |
-1% |
|
|
Return to Headlines |
|
|
|
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. |
|