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May 14, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Four Seasons Plans Significant Expansion In China
Hong Kong Witnesses Increase In MICE Travellers In Q1 2010
Vietnam Plans New International Airport
Starwood To Introduce W Brand In Taipei
Oberoi Eyes Growth In Asia And Beyond
Absolute Share Price Performance, As At 14 May 2010
Four Seasons Plans Significant Expansion In China Return to Headlines

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.

Hong Kong Witnesses Increase In MICE Travellers In Q1 2010 Return to Headlines
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.
Vietnam Plans New International Airport Return to Headlines
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.
Starwood To Introduce W Brand In Taipei Return to Headlines
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.
Oberoi Eyes Growth In Asia And Beyond Return to Headlines
Oberoi Hotels and Resorts (Oberoi), an India-based luxury chain, has completed the US$45 million reconstruction project of the Mumbai Oberoi, which was damaged during the Mumbai terrorist attacks. The company is looking to expand in Asia, the Middle East and international gateways, as well as North America. The company currently operates 28 hotels and three cruise ships in five countries under the Oberoi and Trident brands, and has seven properties under development in Gurgaon, India, Dubai, Abu Dhabi, Oman and Marrakech, Morocco.
Absolute Share Price Performance, as at 14 may 2010
Closing Share Price as at 14 May 2010 7 May 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.75 5.70 1%
Mirvac Group 1.38 1.35 2%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.42 0.40 5%
Living and Leisure Australia Group 0.021 0.022 -5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.92 3.92
Dusit Thani Public Co Ltd 27.00 27.75 -3%
The Erawan Group Public Co Ltd 2.22 2.18 2%
Grande Asset Hotels and Property Public Co Ltd 1.26 1.25 1%
Laguna Resorts & Hotel Public Co Ltd 39.00 37.50 4%
Minor International Public Co Ltd 10.10 9.95 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  21.33 19.29 11%
Beijing Capital Tourism Co Ltd 19.87 20.43 -3%
Jinling Hotel Corporation Ltd 8.43 9.17 -8%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.34 10.70 -3%
Guangzhou Dong Fang Hotel Co Ltd 8.55 9.63 -11%
Shenzhen Century Plaza Hotel Co Ltd 6.41 6.58 -3%
Home Inns & Hotels Management Inc 36.19 31.13 16%
Hong Kong Stock Exchange (HK$)
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%
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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