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June 18, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
First Hotel Indigo To Open In Southeast Asia
Pullman To Open In Ho Chi Minh City
Asia Pacific Region Posts Increase In Occupancy and Average Rate In May 2010
Ritz-Carlton To Open Second Hotel In Shanghai
New Addition To Singapore’s Fullerton Waterfront To Open In July 2010
Absolute Share Price Performance, As At 18 June 2010
First Hotel Indigo To Open In Southeast Asia Return to Headlines
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.
Pullman To Open In Ho Chi Minh City Return to Headlines
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.
Asia Pacific Region Posts Increase In Occupancy and Average Rate In May 2010 Return to Headlines
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.
Ritz-Carlton To Open Second Hotel In Shanghai Return to Headlines
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.
New Addition To Singapore’s Fullerton Waterfront To Open In July 2010 Return to Headlines
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.
Absolute Share Price Performance, as at 18 June 2010
Closing Share Price as at 18 June 2010 11 June 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.96 5.70 5%
General Property Group 2.89 2.78 4%
Mirvac Group 1.42 1.38 3%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.39 0.36 8%
Living and Leisure Australia Group 0.019 0.019
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.90 3.88 1%
Dusit Thani Public Co Ltd 29.00 29.00
The Erawan Group Public Co Ltd 2.02 1.98 2%
Grande Asset Hotels and Property Public Co Ltd 0.97 1.18 -18%
Laguna Resorts & Hotel Public Co Ltd 40.00 40.00
Minor International Public Co Ltd 10.10 10.00 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  19.98 21.46 -7%
Beijing Capital Tourism Co Ltd 18.15 18.92 -4%
Jinling Hotel Corporation Ltd 7.54 7.82 -4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.91 10.15 -2%
Guangzhou Dong Fang Hotel Co Ltd 9.85 9.71 1%
Shenzhen Century Plaza Hotel Co Ltd 6.05 6.26 -3%
Home Inns & Hotels Management Inc 41.00 39.14 5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.40 7.60 -3%
Regal Hotels International Holdings Ltd 2.99 3.02 -1%
Sino Hotels Holdings Ltd 2.20 2.30 -4%
The Hong Kong & Shanghai Hotels Ltd 12.34 12.44 -1%
Korea Exchange (KRW)
The Shilla  22,550 21,600
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.43 0.44 -2%
ART Management Limited 1.13 1.10 3%
Banyan Tree Holdings Limited 0.82 0.82
CDL HTrust  1.94 1.74 11%
Hotel Grand Central Ltd 0.74 0.73 1%
Hotel Properties Ltd 2.68 2.66 1%
Mandarin Oriental International Ltd (US$) 1.50 1.42 6%
Pan Pacific Hotels Group Limited 1.56 1.55 1%
Shangri-La Asia Limited (HK$) 14.24 13.60 5%
Stamford Land Corporation Ltd 0.50 0.50
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  392 382 3%
The Ambassador Hotel, Ltd  36.90 36.45 1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  194,000 194,800
Japan Hotel and Resort Inc 170,600 173,500 -2%
Imperial Hotel, Ltd  1,929 1,930
Return to Headlines
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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