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Featured in this Asia Pacific Hospitality Newsletter |
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'From Asia to Global Powerhouse, China – An
Extraordinary Opportunity Awaits'
Count down to the most influential hotel investment
conference in China and the Shanghai World Expo tours,
tailored just for you! The revised 6th annual edition of
CHIC will bring you on another exciting expedition to
explore investment and other business opportunities in this
vast market. You will also have an exclusive opportunity to
meet high profile speakers including Zhang Jianzhong,
Director of Policy and Regulation Department, China National
Tourist Administration; Peter Meyer, Managing Director,
Pacifica; Neil Galloway, Chief Financial Officer, The Hongkong & Shanghai Hotels Ltd;
Samuel Ng, Secretary
General, Association of China Hotel Owners; Ning Qi Feng,
Vice President, Wanda Group; Keven Chan, Deputy Vice
President (Operations), Hotel Division, Sun Hung Kai; Tony Soh, Chief Corporate Officer, The Ascott Limited;
Michael Issenberg, Chairman, Accor Asia Pacific; Larry Tchou,
Managing Director, Asia Pacific, Hyatt Hotels & Resorts;
Paul Foskey, Executive Vice President, Marriott
International; Miguel Ko, Chairman and President, Asia
Pacific, Starwood Hotels & Resorts Worldwide, Inc.; Prof Dai
Bin, Vice President, China Tourism Academy, China National
Tourist Administration.
See you in Shanghai – sign up today!
Click here to view
the website |
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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 & 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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Listed hotel operator Shangri-La Asia Limited (Shangri-La) has
announced net profits of US$255.5 million in 2009, a 54%
increase from US$165.9 million in 2008. Total revenue
recorded US$1.23 billion while rooms revenue registered
US$570.2 million, reflecting a 9% and 15% decline,
respectively, as compared to 2008. Shangri-La also announced
that it does not expect to achieve pre-crisis performance
levels before 2012. Currently, Shangri-La operates 66 hotels
under its Shangri-La and Traders brands. |
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A four-star hotel, the Xieng Thong Palace, has broken ground
adjacent to the Xieng Thong Pagoda in Luang Prabang, Laos.
Developed by Vietnam's Thien Minh Hoa Binh Joint Stock
Company and situated on a 3,200-square-metre site, the
project is estimated to cost US$3 million and scheduled to
be completed within 12 months. In addition to this
development, Thien Minh Hoa Binh Joint Stock Company is also
developing several other tourism projects within Laos to
help to boost tourism ties between the two countries. |
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Sri Lanka’s Aitken Spence Hotel Holdings (Aitken Spence) has
announced that the majority of its US$21.9 million raised
through rights issue will be spent on hotel developments in the
northern, eastern and southwestern parts of Sri Lanka. The group
plans to spend approximately 35% of the funds on a beachfront
development in Nilaveli, on the east coast of Sri Lanka, and a
hotel in the northern Jaffna region. About a quarter of the
funds will go towards developing a boutique resort on the
southwest coast in Beruwala with an international operator, Six
Senses Resorts and Spas. |
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Ctrip.com International Limited (Ctrip) has announced that it
has entered into separate agreements to acquire minority
stakes in China Lodging Group and BTG-Jianguo Hotels and
Resorts. According to the agreement, Ctrip will acquire
approximately 8% of China Lodging Group’s total ordinary
shares at a price equal to its initial public offering
price. In addition, Ctrip has also agreed to purchase a 15%
equity interest in BTG-Jianguo Hotels and Resorts from
Hongkong Polaris Hotels Limited and an option to purchase
another 10% within one year after the transaction. |
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According to the Taiwanese authorities, almost 40% of homeowners are expected to benefit from a revised property tax system once it is implemented. Currently, residential properties are subject to a flat 1.2% property tax, regardless of their values. The recently proposed property tax system, which will be classified into five tiers, is expected to result in 40% of homeowners paying 1.1% property tax while luxury and upscale homeowners are likely to be subject to 1.8% property tax. |
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Absolute Share Price Performance, as at
19 March 2010 |
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Closing Share Price as at |
19 Mar 2010 |
12 Mar 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.59 |
5.70 |
-2% |
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General Property Group |
0.56 |
0.57 |
-2% |
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Mirvac Group |
1.50 |
1.48 |
1% |
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Ocean Capital Limited |
0.26 |
0.26 |
– |
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Thakral Holdings Group |
0.39 |
0.36 |
8% |
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Living and Leisure Australia Group |
0.030 |
0.032 |
-6% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.16 |
4.06 |
2% |
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Dusit Thani Public Co Ltd |
27.75 |
27.75 |
– |
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The Erawan Group Public Co Ltd |
2.40 |
2.32 |
3% |
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Grande Asset Hotels and Property Public Co Ltd |
1.35 |
1.19 |
13% |
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Laguna Resorts & Hotel Public Co Ltd |
38.50 |
38.00 |
1% |
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Minor International Public Co Ltd |
11.30 |
11.10 |
2% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
26.99 |
26.24 |
3% |
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Beijing Capital Tourism Co Ltd |
21.65 |
21.42 |
1% |
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Jinling Hotel Corporation Ltd |
9.46 |
9.03 |
5% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.30 |
10.14 |
2% |
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Guangzhou Dong Fang Hotel Co Ltd |
11.16 |
10.81 |
3% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.53 |
7.29 |
3% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
32.33 |
32.77 |
-1% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.32 |
8.40 |
-1% |
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Regal Hotels International Holdings Ltd |
3.09 |
3.02 |
2% |
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Sino Hotels Holdings Ltd |
2.32 |
2.37 |
-2% |
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The Hong Kong & Shanghai Hotels Ltd |
11.82 |
11.34 |
4% |
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Korea Exchange (KRW) |
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The Shilla |
22,100 |
21,950 |
1% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.52 |
0.51 |
2% |
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ART Management Limited |
1.33 |
1.27 |
5% |
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Banyan Tree Holdings Limited |
0.78 |
0.76 |
3% |
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CDL HTrust |
1.76 |
1.72 |
2% |
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Hotel Grand Central Ltd |
0.82 |
0.80 |
2% |
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Hotel Properties Ltd |
2.17 |
2.16 |
0% |
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Mandarin Oriental International Ltd (US$) |
1.38 |
1.44 |
-4% |
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Pan Pacific Hotels Group Limited |
1.55 |
1.54 |
1% |
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Shangri-La Asia Limited (HK$) |
15.02 |
14.08 |
7% |
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Stamford Land Corporation Ltd |
0.45 |
0.44 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
343 |
349 |
-2% |
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The Ambassador Hotel, Ltd |
35.95 |
34.00 |
6% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
148,000 |
145,400 |
2% |
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Japan Hotel and Resort Inc |
129,400 |
130,500 |
-1% |
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Imperial Hotel, Ltd |
1,700 |
1,695 |
0% |
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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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