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Featured in this Asia Pacific Hospitality Newsletter |
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Carlson Hotels (Carlson) has enhanced its position in India
with the opening of the 201-room Raddison Hotel Indore, its
12th Raddison Hotel in India. The hotel is strategically
located in the business hub of Indore and is a short 20
minutes from Devi Ahilyabai Holkar International Airport.
The new addition marks Carlson’s growth in India as part of
their global growth strategy to expand their portfolio by at
least 50% by 2015. Raddison Hotel Indore will feature 18
suites and 183 rooms, with 3,530 square metres of conference
and meeting space that can accommodate up to 1,000 people. |
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A new investment fund that focuses on a portfolio of Indian
hotel assets has been established by Accor and InterGlobe
Enterprises, with each of them holding 32% equity in the
fund. The fund will initially hold the assets for seven
Indian hotels located in key gateway cities in India, and
invest predominantly in the upper mid-scale and upscale
hotel segments. The seven hotels are jointly owned by the
two companies and will open between 2011 and 2013. |
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Positive Growth For Visitor Arrivals To Asia And The Pacific
In First Five Months Of 2010 |
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Preliminary results released by the Pacific Asia Travel
Association (PATA) show that international visitor arrivals
to the Asia Pacific region for the first five months of 2010
grew by 10% as compared to the same period last year. For
the months of April and May, the year-on-year figures grew
by 7% and 16 %, respectively. Even though arrivals to and
from Europe were affected by Iceland’s volcanic eruption
during April and May, the overall travel demand was positive
due to the improving global economic climate. |
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Barangaroo South project, an estimated US$5.4 billion
partnership between the Bangaroo Delivery Authority, NSW
Government and Lend Lease, will feature a 250-room luxury hotel.
Other than the hotel component, the 7.5-hectare site will also
have residential, commercial and public spaces. The project will
be situated near the central business district on Darling
Harbour, and is designed to emphasise Sydney as an important
financial centre. The proposed US$225.3 million hotel is
scheduled to open by 2014 and will be managed by Lend Lease. |
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JAL Hotels Co Ltd has announced the opening of the 25-storey,
382-room Hotel Nikko Shanghai. Situated in the Hongqiao
Development Zone, in Shanghai, China, the five-star hotel
will be part of the new Manpo International Plaza. It is
within close proximity to Shanghai Mart and International
Exhibition Centre and easily accessible via subway or Yan’an
Expressway. The hotel’s conference facilities include a
4,400-square-foot banquet room and seven meeting rooms. |
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Jin Jiang Hotels International and Fairmont Hotels and Resorts
have announced the opening of Fairmont Peace Hotel for
business on 28 July 2010. The opening follows a
comprehensive restoration programme for the iconic hotel,
located along the Bund in Shanghai, China, which was
officially opened on 1 August 1929. The hotel, widely known
as the ‘Number One Mansion in the Far East’ was closed in
2007 for restoration works. The new Fairmont Peace Hotel
will feature 270 deluxe guestrooms and suites with a mix of
1930s flavour and modern technology. |
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Absolute Share Price Performance, as at
23 July 2010 |
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Closing Share Price as at |
23 July 2010 |
16 July 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.71 |
5.70 |
– |
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General Property Group |
2.97 |
2.95 |
1% |
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Mirvac Group |
1.36 |
1.33 |
2% |
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Ocean Capital Limited |
0.25 |
0.25 |
– |
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Thakral Holdings Group |
0.43 |
0.36 |
18% |
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Living and Leisure Australia Group |
0.018 |
0.017 |
6% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.10 |
4.60 |
11% |
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Dusit Thani Public Co Ltd |
29.00 |
29.00 |
– |
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The Erawan Group Public Co Ltd |
2.16 |
2.26 |
-4% |
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Grande Asset Hotels and Property Public Co Ltd |
1.59 |
1.56 |
2% |
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Laguna Resorts & Hotel Public Co Ltd |
47.00 |
47.25 |
-1% |
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Minor International Public Co Ltd |
10.90 |
10.80 |
1% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
20.75 |
20.07 |
3% |
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Beijing Capital Tourism Co Ltd |
18.75 |
18.03 |
4% |
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Jinling Hotel Corporation Ltd |
7.65 |
7.20 |
6% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.38 |
9.00 |
4% |
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Guangzhou Dong Fang Hotel Co Ltd |
11.36 |
11.35 |
– |
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Shenzhen Century Plaza Hotel Co Ltd |
6.46 |
6.04 |
7% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
42.00 |
38.88 |
8% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.88 |
7.75 |
2% |
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Regal Hotels International Holdings Ltd |
3.00 |
3.06 |
-2% |
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Sino Hotels Holdings Ltd |
2.15 |
2.24 |
-4% |
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The Hong Kong & Shanghai Hotels Ltd |
12.28 |
12.38 |
-1% |
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Korea Exchange (KRW) |
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The Shilla |
26100 |
26,600 |
-2% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.46 |
0.46 |
– |
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ART Management Limited |
1.23 |
1.18 |
4% |
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Banyan Tree Holdings Limited |
0.86 |
0.82 |
5% |
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CDL HTrust |
1.91 |
1.85 |
3% |
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Hotel Grand Central Ltd |
0.79 |
0.75 |
5% |
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Hotel Properties Ltd |
2.90 |
2.60 |
12% |
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Mandarin Oriental International Ltd (US$) |
1.46 |
1.46 |
– |
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Pan Pacific Hotels Group Limited |
1.60 |
1.60 |
– |
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Shangri-La Asia Limited (HK$) |
15.08 |
14.38 |
5% |
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Stamford Land Corporation Ltd |
0.51 |
0.51 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
456 |
461 |
-1% |
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The Ambassador Hotel, Ltd |
41.60 |
40.55 |
3% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
222,000 |
208,700 |
6% |
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Japan Hotel and Resort Inc |
182,000 |
177,100 |
3% |
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Imperial Hotel, Ltd |
1,927 |
1,870 |
3% |
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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. |
