Featured in this Asia Pacific Hospitality Newsletter |
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The Shanghai World Expo is injecting new life into the city's
hotel scene, significantly raising hotel performances.
According to the report from STR Global, average rates
climbed to over US$145, a level last seen in October 2008.
For the first time since November 2007, marketwide occupancy
in May 2010 recorded over 70%. Benefitting from the
significant increase in occupancy and average rates, RevPAR
in May 2010 rose by over 100% as compared to the same period
of 2009. |
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Sofitel Luxury Hotels (Sofitel) has signed on a new flagship property in Shanghai, Sofitel Shanghai Jing'an, which will open in 2011. Strategically located at the intersection of Beijing Road and Jiangning Road, the 515-key hotel will be Sofitel’s fourth property in Shanghai. Sofitel is expected to open two more hotels in China, namely Sofitel Lianyungang Suning Galaxy and Sofitel Haikou in 2013 and 2014, respectively. |
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Following the recent acquisition of two serviced apartments
from Kush Living, Home2Home has rebranded its property
portfolio under the name of Ovolo. Well-known for its
eco-friendly, design-conscious serviced apartments, Ovolo is
now one of the largest owner-operators with 174 apartments
in five buildings on Hong Kong Island. |
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Australian company StayWell Hospitality Group is set to launch
the first Park Regis hotel in Singapore in September 2010.
Located within close proximity to Marina Bay, Raffles Place and
Clarke Quay, the 203-key Park Regis Singapore is expected to
accommodate business travellers. StayWell’s portfolio currently
includes 24 hotels. As part of its expansion strategy in Asia,
the company is planning to bring its Leisure Inn and Park Regis
brands to Singapore and other parts of Asia. |
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InterContinental Hotels Group (IHG) has announced plans to
double its presence in Greater China to over 250 hotels over
the next five years. IHG recently opened InterContinental
hotels in Nanjing and Shanghai, and signed a deal with HNA
Hotels and Resorts for five hotels. IHG is currently the
largest international hotel company in Greater China with
131 hotels (45,940 rooms) and 146 hotels (47,848 rooms) in
the development pipeline. |
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Absolute Share Price Performance, as at
25 June 2010 |
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Closing Share Price as at |
25 June 2010 |
18 June 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.64 |
5.96 |
-5% |
General Property Group |
2.91 |
2.89 |
1% |
Mirvac Group |
1.37 |
1.42 |
-3% |
Ocean Capital Limited |
0.25 |
0.25 |
– |
Thakral Holdings Group |
0.39 |
0.39 |
– |
Living and Leisure Australia Group |
0.017 |
0.019 |
-11% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
3.92 |
3.90 |
1% |
Dusit Thani Public Co Ltd |
28.50 |
29.00 |
-2% |
The Erawan Group Public Co Ltd |
2.00 |
2.02 |
-1% |
Grande Asset Hotels and Property Public Co Ltd |
0.86 |
0.97 |
-11% |
Laguna Resorts & Hotel Public Co Ltd |
42.00 |
40.00 |
5% |
Minor International Public Co Ltd |
10.20 |
10.10 |
1% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
19.90 |
19.98 |
– |
Beijing Capital Tourism Co Ltd |
18.42 |
18.15 |
1% |
Jinling Hotel Corporation Ltd |
7.87 |
7.54 |
4% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
9.46 |
9.91 |
-5% |
Guangzhou Dong Fang Hotel Co Ltd |
10.50 |
9.85 |
7% |
Shenzhen Century Plaza Hotel Co Ltd |
6.48 |
6.05 |
7% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
41.75 |
41.00 |
2% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
7.56 |
7.40 |
2% |
Regal Hotels International Holdings Ltd |
3.10 |
2.99 |
4% |
Sino Hotels Holdings Ltd |
2.23 |
2.20 |
1% |
The Hong Kong & Shanghai Hotels Ltd |
12.84 |
12.34 |
4% |
Korea Exchange (KRW) |
The Shilla |
22,750 |
22,550 |
1% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.44 |
0.43 |
2% |
ART Management Limited |
1.02 |
1.13 |
-10% |
Banyan Tree Holdings Limited |
0.84 |
0.82 |
2% |
CDL HTrust |
1.68 |
1.94 |
-13% |
Hotel Grand Central Ltd |
0.76 |
0.74 |
3% |
Hotel Properties Ltd |
2.55 |
2.68 |
-5% |
Mandarin Oriental International Ltd (US$) |
1.43 |
1.50 |
-5% |
Pan Pacific Hotels Group Limited |
1.58 |
1.56 |
1% |
Shangri-La Asia Limited (HK$) |
14.20 |
14.24 |
– |
Stamford Land Corporation Ltd |
0.50 |
0.50 |
– |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
405 |
392 |
3% |
The Ambassador Hotel, Ltd |
37.80 |
36.90 |
2% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
199,900 |
194,000 |
3% |
Japan Hotel and Resort Inc |
177,900 |
170,600 |
4% |
Imperial Hotel, Ltd |
1,920 |
1,929 |
– |
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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. |