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Featured in this Asia Pacific Hospitality Newsletter |
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InterContinental Hotels and Resorts (IHG) has signed a
management agreement with Piyasombat Property Co Ltd for the
first Hotel Indigo in Southeast Asia. Located along Wireless
Road, which is home to the diplomatic district, high-end
residences, retail and office space, restaurants and
entertainment outlets, the 188-key Hotel Indigo Bangkok will
feature a specialty restaurant and bar, a business centre,
meeting facilities, a swimming pool, and a gym and health
club, as well as a spa. The property is expected to open by
end of 2012. |
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Developed by Que Huong Liberty, the first Pullman in Ho Chi
Minh City is expected to open in 2013. Located in District
One on Tran Hung Dao, the 300-key Pullman Saigon Centre will
feature 1,500 square metres of ballroom and meeting
facilities, two restaurants and a bar, as well as an outdoor
swimming pool and fitness centre. Pullman Saigon Centre will
be the second Pullman in Vietnam following Pullman Vung Tau
which will officially open in mid-2011. |
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Asia Pacific Region Posts Increase In Occupancy and Average
Rate In May 2010 |
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According to STR Global, hotels in the Asia Pacific region
witnessed an increase in occupancy and average rate in May
2010. Year-on-year, the Asia Pacific region’s occupancy rose
approximately 15 percentage points to around 63%, and ADR
increased by about 9% to approximately US$126. Shanghai
experienced the largest occupancy increase, rising around 55
percentage points to about 72%, followed by Beijing, Hong
Kong and Osaka. Shanghai further reported the largest ADR
increase, up approximately 29% to around US$143. |
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The Ritz-Carlton Hotel Company LLC (Ritz-Carlton) will open its
second property in Shanghai, and its seventh in China, in
mid-2010. Located in Shanghai International Finance Centre (ifc)
in Lujiazui financial trade zone, The Ritz-Carlton Shanghai,
Pudong is expected to open on 21 June 2010. Developed by Sun
Hung Kai Properties, the 285-key Ritz-Carlton Shanghai, Pudong
will occupy the top 18 floors of the Shanghai ifc South Tower. |
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The Fullerton Bay Hotel, as part of The Fullerton Heritage
waterfront, is expected to open on 8 July 2010. The
new-build hotel in Singapore's Central Business District
will feature 100 rooms, including five individually themed
suites and a Presidential Suite and three food and beverage
outlets. The property is developed by Sino Land, a sister
company of Singapore's biggest private developer, Far East
Organisation. |
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Absolute Share Price Performance, as at
18 June 2010 |
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Closing Share Price as at |
18 June 2010 |
11 June 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.96 |
5.70 |
5% |
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General Property Group |
2.89 |
2.78 |
4% |
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Mirvac Group |
1.42 |
1.38 |
3% |
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Ocean Capital Limited |
0.25 |
0.25 |
– |
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Thakral Holdings Group |
0.39 |
0.36 |
8% |
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Living and Leisure Australia Group |
0.019 |
0.019 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.90 |
3.88 |
1% |
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Dusit Thani Public Co Ltd |
29.00 |
29.00 |
– |
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The Erawan Group Public Co Ltd |
2.02 |
1.98 |
2% |
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Grande Asset Hotels and Property Public Co Ltd |
0.97 |
1.18 |
-18% |
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Laguna Resorts & Hotel Public Co Ltd |
40.00 |
40.00 |
– |
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Minor International Public Co Ltd |
10.10 |
10.00 |
1% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
19.98 |
21.46 |
-7% |
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Beijing Capital Tourism Co Ltd |
18.15 |
18.92 |
-4% |
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Jinling Hotel Corporation Ltd |
7.54 |
7.82 |
-4% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.91 |
10.15 |
-2% |
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Guangzhou Dong Fang Hotel Co Ltd |
9.85 |
9.71 |
1% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.05 |
6.26 |
-3% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
41.00 |
39.14 |
5% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.40 |
7.60 |
-3% |
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Regal Hotels International Holdings Ltd |
2.99 |
3.02 |
-1% |
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Sino Hotels Holdings Ltd |
2.20 |
2.30 |
-4% |
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The Hong Kong & Shanghai Hotels Ltd |
12.34 |
12.44 |
-1% |
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Korea Exchange (KRW) |
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The Shilla |
22,550 |
21,600 |
– |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.43 |
0.44 |
-2% |
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ART Management Limited |
1.13 |
1.10 |
3% |
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Banyan Tree Holdings Limited |
0.82 |
0.82 |
– |
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CDL HTrust |
1.94 |
1.74 |
11% |
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Hotel Grand Central Ltd |
0.74 |
0.73 |
1% |
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Hotel Properties Ltd |
2.68 |
2.66 |
1% |
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Mandarin Oriental International Ltd (US$) |
1.50 |
1.42 |
6% |
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Pan Pacific Hotels Group Limited |
1.56 |
1.55 |
1% |
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Shangri-La Asia Limited (HK$) |
14.24 |
13.60 |
5% |
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Stamford Land Corporation Ltd |
0.50 |
0.50 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
392 |
382 |
3% |
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The Ambassador Hotel, Ltd |
36.90 |
36.45 |
1% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
194,000 |
194,800 |
– |
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Japan Hotel and Resort Inc |
170,600 |
173,500 |
-2% |
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Imperial Hotel, Ltd |
1,929 |
1,930 |
– |
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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. |
