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July 2, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
First ANA Holiday Inn Opens In Sendai, Japan
New Hotel In Japan For Best Western
Shangri-La To Open Three Hotels In North China In 2013
International Tourism Recovers
Pan Pacific To Enter Australia With Three Properties
Absolute Share Price Performance, As At 2 July 2010
 
First ANA Holiday Inn Opens In Sendai, Japan Return to Headlines
IHG ANA Hotels Group Japan, a joint venture between InterContinental Hotels Group and All Nippon Airways (ANA), announced on 1 July 2010 the opening of the first co-branded hotel between Holiday Inn and ANA, ANA Holiday Inn Sendai. The 165-room hotel is strategically located near the entrance of the Sendai train station, providing great accessibility for both business and leisure travellers. Holiday Inn is currently rebranding itself to be a modern, contemporary hotel, focusing on what matters most to guests – efficient, friendly service and a good night’s sleep.
 
New Hotel In Japan For Best Western Return to Headlines
Best Western International’s (Best Western) 12th property in Japan, Best Western Hotel Fino Osaka Shinsaibashi, opened on 1 July this year, adding on to the chain’s growing presence in the country. The 179-room contemporary style hotel is in close proximity to major transportation systems and is also ideally located in the heart of Osaka’s Nanba and Umeda business and shopping districts. The latest hotel addition will position Best Western as the second largest international hotel company in Japan.
 
Shangri-La To Open Three Hotels In North China In 2013 Return to Headlines
Shangri-La Hotels and Resorts (Shangri-La) will be opening three new hotels in the coastal cities of Qinhuangdao, Tianjin and Tangshan in North China in 2013. The latest additions of hotels will add to the group’s portfolio of North China properties in Beijing and Inner Mongolia, and this portfolio will rise to 12 hotels in the next three years. The three hotels, which are all located in close proximity to business districts, will bring in a total supply of 1,225 rooms to the hotel market.
 
International Tourism Recovers Return to Headlines
International tourist arrivals increased by 7% in the first four months of 2010, totalling over 258 million arrivals, with April’s 3% increase marking the seventh month of growth after 14 consecutive months of negative results. The improvement in overall sentiments during these four months of the year is also reflected in the rise of the World Tourism Organisation (UNWTO) Tourism Confidence Index. Fifty percent of the experts in the UNWTO Panel of Tourism evaluated the period of January to April as ‘better’ or ‘much better’ as compared to 34% for the period of September to December 2009. Current growth rates suggest that international tourist arrivals for 2010 may exceed the forecast of +4%.
 
Pan Pacific To Enter Australia With Three Properties Return to Headlines
Pan Pacific Hotels Group (Pan Pacific) will open three properties in Australia by 2011. The company currently owns and/or manages over 30 hotels, resorts and serviced apartments with more than 10,000 rooms in Asia and North America under the Pan Pacific and PARKROYAL brands. The three new properties in Australia will be PARKROYAL Darling Harbour, Sydney, PARKROYAL Parramatta and Pan Pacific Perth. These three properties will be rebranded from the existing Crowne Plaza Darling Harbour, Crowne Plaza Parramatta and Sheraton Perth, respectively.
 
Absolute Share Price Performance, as at 2 July 2010
 
Closing Share Price as at 2 July 2010 25 June 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.73 5.64 2%
General Property Group 2.83 2.91 -3%
Mirvac Group 1.30 1.37 -5%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.37 0.39 -5%
Living and Leisure Australia Group 0.017 0.017
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.10 3.92 5%
Dusit Thani Public Co Ltd 28.75 28.50 1%
The Erawan Group Public Co Ltd 2.02 2.00 1%
Grande Asset Hotels and Property Public Co Ltd 0.91 0.86 6%
Laguna Resorts & Hotel Public Co Ltd 41.50 42.00 -1%
Minor International Public Co Ltd 10.30 10.20 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  17.32 19.90 -13%
Beijing Capital Tourism Co Ltd 16.49 18.42 -10%
Jinling Hotel Corporation Ltd 6.95 7.87 -12%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.41 9.46 -1%
Guangzhou Dong Fang Hotel Co Ltd 9.90 10.50 -6%
Shenzhen Century Plaza Hotel Co Ltd 5.81 6.48 -10%
NASDAQ (US$)
Home Inns & Hotels Management Inc 38.23 41.75 -8%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.65 7.56 1%
Regal Hotels International Holdings Ltd 3.02 3.10 -3%
Sino Hotels Holdings Ltd 2.24 2.23
The Hong Kong & Shanghai Hotels Ltd 12.66 12.84 -1%
Korea Exchange (KRW)
The Shilla  25,600 22,750 13%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.44 5%
ART Management Limited 1.09 1.02 7%
Banyan Tree Holdings Limited 0.82 0.84 -2%
CDL HTrust  1.77 1.68 5%
Hotel Grand Central Ltd 0.74 0.76 -3%
Hotel Properties Ltd 2.53 2.55 -1%
Mandarin Oriental International Ltd (US$) 1.42 1.43 -1%
Pan Pacific Hotels Group Limited 1.57 1.58 -1%
Shangri-La Asia Limited (HK$) 14.04 14.20 -1%
Stamford Land Corporation Ltd 0.50 0.50
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  390 405 -4%
The Ambassador Hotel, Ltd  38.20 37.80 1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  200,000 199,900
Japan Hotel and Resort Inc 176,000 177,900 -1%
Imperial Hotel, Ltd  1,853 1,920 -3%
 
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HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
     
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
 
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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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