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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 8 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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According to the Tourism Authority of Thailand (TAT), the
country is expected to welcome between 15 million to 15.5
million international arrivals in 2010, exceeding the
official target of 14 million, if there are no 'political
disturbances or epidemics'. Similarly, domestic tourism is
expected to improve from 2009 and the TAT has set an
official target of 90 million for this segment in 2010.
Thailand has been one of the most popular tourism
destinations in Asia but political instability and the
global economic slowdown have adversely impacted on its
tourism industry over the last two years. |
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Hyatt Hotels Corporation (Hyatt) has entered into management
agreements with Suning Real Estate Development Corporation (Suning)
to manage three properties in different cities within
Jiangsu Province. Both the Hyatt Regency Wuxi and Hyatt
Regency Xuzhou are expected to offer 350 keys and form part
of Suning Plaza developments in the respective cities. They
are scheduled to commence operations by 2012. Similarly,
Grand Hyatt Nanjing will form part of Suning Plaza in
Nanjing's prominent Xin Jie Kou District. The hotel is
envisaged to feature 400 keys and open by 2013. |
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According to the China National Tourism Administration, China
recorded approximately US$185 billion in tourism income in
2009, reflecting a growth of 9% from 2008. Domestic tourism
income was estimated at approximately US$146 billion,
growing 15% from the previous year. Foreign exchange
earnings were forecast to be approximately US$39 billion as
both the inbound and outbound tourism markets are expected
to continue their uptrends in the next few years. |
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Local stakeholders are encouraging the Nepalese authorities to
focus on developing golf tourism as the national campaign,
Nepal Tourism Year 2011, approaches. In addition, the Nepal
Golf Association has proposed training centres to be set up
at the Ministry of Tourism and Civil Aviation. Currently,
Nepal offers seven golf courses, out of which four are
located outside the capital city, Kathmandu. According to
reports, the average expenditure for a golf tourist is
approximately US$400 to US$500 per day, seven times more
than an average tourist to Nepal. |
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Property Tax Likely To Be Imposed If Chinese Real Estate
Market Continues To Heat |
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The mainland Chinese authorities are contemplating imposing
property taxes on residential and commercial properties in
selected cities if real estate prices continue to grow
strongly. The move came on the back of unprecedented lending
and inflow of equity appearing to create 'asset bubbles' in
China. Recently, the mainland Chinese government has imposed
several measures such as curbing credit for home purchases
and tightening land sale regulations for developers in a bid
to stabilise the country's real estate market. |
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Absolute Share Price Performance, as at
8 January 2010
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Closing Share Price as at |
8 Jan 2010 |
2 Jan 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.77 |
5.59 |
3% |
General Property Group |
0.61 |
0.61 |
0% |
Mirvac Group |
1.64 |
1.57 |
4% |
Ocean Capital Limited |
0.38 |
0.38 |
– |
Thakral Holdings Group |
0.42 |
0.35 |
22% |
Living and Leisure Australia Group |
0.029 |
0.030 |
-3% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
4.40 |
4.22 |
4% |
Dusit Thani Public Co Ltd |
24.00 |
29.00 |
-17% |
The Erawan Group Public Co Ltd |
2.56 |
2.36 |
8% |
Grande Asset Hotels and Property Public Co Ltd |
1.25 |
1.25 |
– |
Laguna Resorts & Hotel Public Co Ltd |
41.25 |
42.75 |
-4% |
Minor International Public Co Ltd |
12.30 |
11.30 |
9% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
24.75 |
23.57 |
5% |
Beijing Capital Tourism Co Ltd |
22.49 |
23.13 |
-3% |
Jinling Hotel Corporation Ltd |
8.32 |
8.47 |
-2% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
8.61 |
8.70 |
-1% |
Guangzhou Dong Fang Hotel Co Ltd |
8.42 |
8.40 |
0% |
Shenzhen Century Plaza Hotel Co Ltd |
7.99 |
7.35 |
9% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
40.06 |
35.09 |
14% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
8.59 |
8.38 |
3% |
Regal Hotels International Holdings Ltd |
3.20 |
3.24 |
-1% |
Sino Hotels Holdings Ltd |
2.30 |
2.30 |
– |
The Hong Kong & Shanghai Hotels Ltd |
11.58 |
11.36 |
2% |
Korea Exchange (KRW) |
The Shilla |
21,350 |
21,950 |
-3% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.56 |
0.56 |
– |
ART Management Limited |
1.35 |
1.20 |
13% |
Banyan Tree Holdings Limited |
0.82 |
0.76 |
8% |
CDL HTrust |
1.80 |
1.75 |
3% |
Hotel Grand Central Ltd |
0.75 |
0.75 |
– |
Hotel Properties Ltd |
2.40 |
2.21 |
9% |
Mandarin Oriental International Ltd (US$) |
1.46 |
1.49 |
-2% |
Pan Pacific Hotels Group Limited |
1.62 |
1.60 |
1% |
Shangri-La Asia Limited (HK$) |
14.20 |
14.30 |
-1% |
Stamford Land Corporation Ltd |
0.43 |
0.41 |
5% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
407 |
411 |
-1% |
The Ambassador Hotel, Ltd |
38.60 |
39.35 |
-2% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
134,500 |
135,500 |
-1% |
Japan Hotel and Resort Inc |
131,800 |
129,300 |
2% |
Imperial Hotel, Ltd |
1,619 |
1,623 |
0% |
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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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