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Featured in this Asia Pacific Hospitality Newsletter |
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 The
Sixth Hotel Investment Conference - South Asia (HICSA) 2010
is scheduled for April 7th and 8th, 2010 and is to be hosted
at the Grand Hyatt, Mumbai. Over the past five years the
conference has played host to 30 global CEO's, 2,200
plus delegates, and has had a wide range of
attendees from owners, real estate developers, operators,
bankers, architects and consultants. This exclusive event
promises to once again line up some of the best known global
faces of the hospitality industry including
Frits van Paasschen, President & CEO - Starwood Hotels
& Resorts, Eric Danziger, President and CEO - Wyndham Hotel Group, Mark Hoplamazian, CEO & President, Hyatt
Hotels Corporation, Nakul Anand, Divisional Chief
Executive - Hotel Division, ITC, Gamal Aziz,
President & CEO - MGM Mirage Hospitality, Gerald Lawless,
Executive Chairman - Jumeirah Group, Capt CP Krishnan
Nair, Chairman - The Leela Palaces Hotels and Resorts,
Raymond Bickson, MD & CEO - Taj Hotels Resorts and
Palaces, Martin Rinck, President - Asia Pacific,
Hilton Hotels, Henry Gabey, Co-Founder & Co-Chairman
- DUET Group, Louis Klein, MD - Real Estate, IREO,
New York, Peter Meyer, MD - Pacifica Partners,
Michael Evans, EVP Global Development - MGM MIRAGE
Hospitality, Richard Solomons, CFO and Head of
Commercial Development - IHG. The conference has been
regarded by many as the best networking opportunity in the
region and a must attend for all associated to the hotel
industry.
Click here to view the website |
Latest Agenda |
View Speakers List |
Register Now! |
Hotels of The Year Awards |
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Currently, Accor, the largest international hotel operator in
Vietnam, has 13 hotels and approximately 2,147 rooms across
the country and a further 2,000 rooms under development. On
top of existing brands such as Sofitel and Novotel, the
group is expected to add the Pullman and Ibis brands in
Vietnam by 2012. Hotels scheduled to commence operations by
end of 2010 include the 131-key Le Belhamy Hoi An Resort and
Spa and a fourth Mercure in Vietnam, Mercure Hado Hanoi.
Some of the prominent upcoming developments include the
first Pullman in Vietnam, Pullman Vung Tau, Hotel De L'Opera
Hanoi and two Ibis hotels: Ibis Saigon and Ibis Saigon
South. |
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Home Inns Achieves Revenue Growth In 2009, Planning To Add 180
Hotels In 2010 |
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Home Inns recorded total revenue of approximately US$380
million in 2009, reflecting a 39% growth from 2008. In 2010,
the hotel operator is targeting to add more than 180 new
hotels in China, including more than 80 hotels under lease
and a further 90 under franchise agreements. Total revenue
for 2010 is forecast to register a growth of between 18% and
22%. For the first quarter of 2010, total revenue is
expected to record approximately US$95 million, a 22% to 26%
growth as compared to the same period in 2008. |
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Amalgamated Holdings Limited (AHL), the owner of the State
Theatre and Gowings Building in downtown Sydney, Australia, has
submitted plans to the local authorities to redevelop the upper
levels of the two buildings into a boutique hotel. The project,
which is estimated to cost approximately US$50 million, is
envisaged to be developed into a 196-key boutique hotel. The
State Theatre and Gowings Building are expected to continue to
operate normally during the redevelopment as the project is
unlikely to involve major structural works. |
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According to the National News Bureau of Thailand, the
National Tourist Assistance Centre will be set up between 12
March and 23 March 2010 to assist tourists during the mass
rally organised by anti-government activists. During a
weekly cabinet meeting, the Thai authorities voted to impose
the Internal Security Act (ISA) during the period 11 March
to 23 March to maintain law and order during the rally. The
ISA is also implemented in 21 districts of other provinces
around Bangkok, including Pathum Thani, Samut Prakan, Samut
Sakhon and Ayutthaya. |
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Taj Group has broken ground on the development of the first
five-star hotel in Guwahati, a major city in east India.
Estimated to cost approximately US$20 million, the hotel is
envisaged to feature 150 keys and local architecture in its
design. In addition, the hotel is expected to offer three
food and beverage outlets and recreational facilities such
as a spa and fitness centre. The city has been earmarked for
further development and the Taj project is likely to boost
tourism in the area. |
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According to market reports, the Asian real estate investment
trusts (REITs) are forecast to witness recovery in 2010 as
these REITs focus on expanding their portfolio during the
economic recovery. Singapore REITs and the non-listed South
Korean REITs are expected to be at the forefront of this
recovery. It is reported that the total market
capitalisation of Asian REITs grew by 34.5% in 2009, as
compared to the previous year. However, the total market
capitalisation in 2009 was still 17.4% lower, as compared to
the end of 2007. The REITs market is also forecast to see
the resumption of initial public offering as it was at a
relative standstill for the past two years. |
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Absolute Share Price Performance, as at
12 March 2010 |
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Closing Share Price as at |
12 Mar 2010 |
5 Mar 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.70 |
5.64 |
1% |
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General Property Group |
0.57 |
0.60 |
-4% |
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Mirvac Group |
1.48 |
1.58 |
-6% |
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Ocean Capital Limited |
0.26 |
– |
– |
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Thakral Holdings Group |
0.36 |
0.37 |
-1% |
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Living and Leisure Australia Group |
0.032 |
0.030 |
7% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.06 |
4.12 |
-1% |
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Dusit Thani Public Co Ltd |
27.75 |
27.75 |
– |
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The Erawan Group Public Co Ltd |
2.32 |
2.34 |
-1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.19 |
1.17 |
2% |
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Laguna Resorts & Hotel Public Co Ltd |
38.00 |
38.00 |
– |
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Minor International Public Co Ltd |
11.10 |
11.10 |
– |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
26.24 |
26.81 |
-2% |
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Beijing Capital Tourism Co Ltd |
21.42 |
21.60 |
-1% |
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Jinling Hotel Corporation Ltd |
9.03 |
9.34 |
-3% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.14 |
9.99 |
2% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.81 |
11.30 |
-4% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.29 |
7.73 |
-6% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
32.77 |
34.99 |
-6% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.40 |
8.24 |
2% |
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Regal Hotels International Holdings Ltd |
3.02 |
2.87 |
5% |
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Sino Hotels Holdings Ltd |
2.37 |
2.23 |
6% |
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The Hong Kong & Shanghai Hotels Ltd |
11.34 |
10.84 |
5% |
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Korea Exchange (KRW) |
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The Shilla |
21,950 |
21,500 |
2% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.51 |
0.49 |
4% |
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ART Management Limited |
1.27 |
1.23 |
3% |
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Banyan Tree Holdings Limited |
0.76 |
0.74 |
3% |
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CDL HTrust |
1.72 |
1.68 |
2% |
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Hotel Grand Central Ltd |
0.80 |
0.75 |
7% |
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Hotel Properties Ltd |
2.16 |
2.05 |
5% |
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Mandarin Oriental International Ltd (US$) |
1.44 |
1.43 |
1% |
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Pan Pacific Hotels Group Limited |
1.54 |
1.54 |
– |
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Shangri-La Asia Limited (HK$) |
14.08 |
13.30 |
6% |
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Stamford Land Corporation Ltd |
0.44 |
0.43 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
349 |
348 |
0% |
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The Ambassador Hotel, Ltd |
34.00 |
33.95 |
0% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
145,400 |
145,700 |
0% |
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Japan Hotel and Resort Inc |
130,500 |
130,000 |
0% |
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Imperial Hotel, Ltd |
1,695 |
1,635 |
4% |
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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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