Featured in this Asia Pacific Hospitality Newsletter |
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With three existing properties in Shanghai, Hong Kong and
Macau and two additional properties opening in 2010, Four
Seasons Hotels and Resorts (Four Seasons) is progressing on
its strategic plan to establish itself as the premier luxury
hotel brand in China. Looking ahead, Four Seasons is
developing a total of seven hotels in Shanghai (Pudong),
Beijing (Chaoyang District and Financial Street), Shenzhen,
Qingdao, Suzhou and Tianjin, and two resorts in Shenzhou
Peninsula and Sanya. The properties are expected to open
between 2011 and 2014. |
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The Hong Kong Tourism Board announced that MICE visitor
arrivals exceeded 280,000 in the first quarter of 2010, an
increase by approximately 30% as compared to the same period
in the previous year. As the global economy has shown signs
of recovery since the beginning of 2010, Hong Kong has seen
an increase in the number of MICE events during the first
three months of 2010, resulting in a rise in MICE visitor
arrivals. |
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Vietnam is considering the construction of a new international
airport, located around 20 kilometres from Hai Phong city
centre. According to the Vietnam National Administration of
Tourism, this is a departure from the initial plan to
upgrade the existing Cat Bi Airport. The new international
airport will be designed to handle 60 to 80 million
passengers per annum and accommodate overflow from the Noi
Bai International Airport in Hanoi. |
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Starwood Hotels and Resorts (Starwood) has announced plans to
open the W Taipei hotel in late 2010. Located in the central
business district of Taipei, Taiwan and designed by GA Design
International Ltd, W Taipei will feature 405 guestrooms, two
food and beverage outlets, a bar, a W lounge, a rooftop outdoor
pool deck, a poolside bar and a fitness centre. The property is
owned by Uni-President Development Corporation and Times Square
International Hotel Corporation. |
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Oberoi Hotels and Resorts (Oberoi), an India-based luxury
chain, has completed the US$45 million reconstruction
project of the Mumbai Oberoi, which was damaged during the
Mumbai terrorist attacks. The company is looking to expand
in Asia, the Middle East and international gateways, as well
as North America. The company currently operates 28 hotels
and three cruise ships in five countries under the Oberoi
and Trident brands, and has seven properties under
development in Gurgaon, India, Dubai, Abu Dhabi, Oman and
Marrakech, Morocco. |
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Absolute Share Price Performance, as at
14 may 2010 |
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Closing Share Price as at |
14 May 2010 |
7 May 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.75 |
5.70 |
1% |
Mirvac Group |
1.38 |
1.35 |
2% |
Ocean Capital Limited |
0.25 |
0.25 |
– |
Thakral Holdings Group |
0.42 |
0.40 |
5% |
Living and Leisure Australia Group |
0.021 |
0.022 |
-5% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
3.92 |
3.92 |
– |
Dusit Thani Public Co Ltd |
27.00 |
27.75 |
-3% |
The Erawan Group Public Co Ltd |
2.22 |
2.18 |
2% |
Grande Asset Hotels and Property Public Co Ltd |
1.26 |
1.25 |
1% |
Laguna Resorts & Hotel Public Co Ltd |
39.00 |
37.50 |
4% |
Minor International Public Co Ltd |
10.10 |
9.95 |
2% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
21.33 |
19.29 |
11% |
Beijing Capital Tourism Co Ltd |
19.87 |
20.43 |
-3% |
Jinling Hotel Corporation Ltd |
8.43 |
9.17 |
-8% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
10.34 |
10.70 |
-3% |
Guangzhou Dong Fang Hotel Co Ltd |
8.55 |
9.63 |
-11% |
Shenzhen Century Plaza Hotel Co Ltd |
6.41 |
6.58 |
-3% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
36.19 |
31.13 |
16% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
7.73 |
7.73 |
– |
Regal Hotels International Holdings Ltd |
2.78 |
2.75 |
1% |
Sino Hotels Holdings Ltd |
2.27 |
2.29 |
-1% |
The Hong Kong & Shanghai Hotels Ltd |
12.12 |
11.66 |
4% |
Korea Exchange (KRW) |
The Shilla |
22,450 |
22,400 |
– |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.49 |
0.47 |
4% |
ART Management Limited |
1.16 |
1.12 |
4% |
Banyan Tree Holdings Limited |
0.82 |
0.81 |
1% |
CDL HTrust |
1.92 |
1.82 |
5% |
Hotel Grand Central Ltd |
0.78 |
0.76 |
3% |
Hotel Properties Ltd |
2.21 |
2.26 |
-2% |
Mandarin Oriental International Ltd (US$) |
1.55 |
1.56 |
-1% |
Pan Pacific Hotels Group Limited |
1.54 |
1.50 |
3% |
Shangri-La Asia Limited (HK$) |
13.80 |
14.32 |
-4% |
Stamford Land Corporation Ltd |
0.51 |
0.49 |
4% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
358 |
352 |
2% |
The Ambassador Hotel, Ltd |
33.35 |
32.55 |
2% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
202,600 |
192,400 |
5% |
Japan Hotel and Resort Inc |
176,600 |
177,000 |
0% |
Imperial Hotel, Ltd |
1,883 |
1,850 |
2% |
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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. |