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Featured in this Asia Pacific Hospitality Newsletter |
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International visitor arrivals to Singapore reached 938,000
in April 2010, a 20.4% increase compared to the same period
of the previous year. According to the Singapore Tourism
Board, this is the highest recorded figure in the month of
April, and makes it the fifth consecutive month to record an
increase in international arrivals. This robust growth is
attributed to the continued improvement of the economic
climate. |
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Carlson Hotels (Carlson) has announced the signing of the 14th
Park Plaza property in Asia Pacific. The management
agreement was signed between Carlson and Century Hua Fu (Chengdu)
Investment Management Co Ltd. The 254-key Park Plaza Hotel
Chengdu, which will be located a five-minute drive away from
Chengdu International Airport, is expected to open at the
end of 2010. |
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Japan Airlines Corp (JAL) plans to sell its hotel operating
unit, JAL Hotels Co (JAL Hotels), to Hotel Okura Tokyo Co
(Hotel Okura). JAL is in the final stage of negotiations
with Hotel Okura to sell JAL Hotels, comprising 41 hotels in
Japan and 17 hotels located overseas. Currently operating
Hotel Okura Tokyo and hotels in other cities such as Kyoto
and Fukuoka, Hotel Okura aims to further expand its business
through the acquisition of JAL Hotels. |
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Marriott International (Marriott) has signed management
agreements for seven additional hotels in China. Marriott
expects to have 60 hotels open across six brands by end of 2010,
including Ritz-Carlton, and aims to double its presence in China
in about five years. The seven management agreements are for the
320-key JW Marriott Dalian, 507-key Renaissance Sanya Resort and
Spa, 269-key Renaissance Zhuhai Hotel, 260-key Courtyard by
Marriott Fuzhou, 265-key Courtyard by Marriott Kunshan, 350-key
Hangzhou Marriott Hotel and 330-key Shanghai Marriott Minghang. |
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Mövenpick Hotel Saigon, which has been closed since March 2010
for renovations, is expected to reopen on 1 August 2010. The
renovation project of Mövenpick Hotel Saigon includes the
redesign of the engineering system and reallocation of space
throughout the property. Upon completion of its renovation,
the property will be a progressive and environmentally sound
property that will enhance guest comfort. |
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LaSalle Asia Opportunity Fund III, under LaSalle Investment
Management, has bought the 436-key Sofitel Wentworth Sydney
for approximately US$110 million from Tourism Assets
Holdings Ltd. This translates to a sales price per key of
approximately US$253,000. |
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Absolute Share Price Performance, as at
21 may 2010 |
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Closing Share Price as at |
21 May 2010 |
14 May 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.48 |
5.75 |
-5% |
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General Property Group |
2.60 |
2.75 |
-5% |
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Mirvac Group |
1.24 |
1.38 |
-10% |
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Ocean Capital Limited |
0.25 |
0.25 |
– |
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Thakral Holdings Group |
0.39 |
0.42 |
-7% |
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Living and Leisure Australia Group |
0.021 |
0.021 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.86 |
3.92 |
-2% |
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Dusit Thani Public Co Ltd |
27.75 |
27.00 |
3% |
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The Erawan Group Public Co Ltd |
2.18 |
2.22 |
-2% |
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Grande Asset Hotels and Property Public Co Ltd |
1.35 |
1.26 |
7% |
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Laguna Resorts & Hotel Public Co Ltd |
39.00 |
39.00 |
– |
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Minor International Public Co Ltd |
9.65 |
10.10 |
-4% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
18.48 |
21.33 |
-13% |
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Beijing Capital Tourism Co Ltd |
18.19 |
19.87 |
-8% |
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Jinling Hotel Corporation Ltd |
7.69 |
8.43 |
-9% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.00 |
10.34 |
-13% |
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Guangzhou Dong Fang Hotel Co Ltd |
9.11 |
8.55 |
7% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.78 |
6.41 |
-10% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
33.91 |
36.19 |
-6% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.45 |
7.73 |
-4% |
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Regal Hotels International Holdings Ltd |
2.67 |
2.78 |
-4% |
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Sino Hotels Holdings Ltd |
2.21 |
2.27 |
-3% |
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The Hong Kong & Shanghai Hotels Ltd |
11.48 |
12.12 |
-5% |
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Korea Exchange (KRW) |
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The Shilla |
21,700 |
22,450 |
-3% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.44 |
0.49 |
-10% |
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ART Management Limited |
1.09 |
1.16 |
-6% |
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Banyan Tree Holdings Limited |
0.78 |
0.82 |
-5% |
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CDL HTrust |
1.77 |
1.92 |
-8% |
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Hotel Grand Central Ltd |
0.73 |
0.78 |
-6% |
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Hotel Properties Ltd |
2.12 |
2.21 |
-4% |
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Mandarin Oriental International Ltd (US$) |
1.42 |
1.55 |
-8% |
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Pan Pacific Hotels Group Limited |
1.54 |
1.54 |
– |
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Shangri-La Asia Limited (HK$) |
13.32 |
13.80 |
-3% |
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Stamford Land Corporation Ltd |
0.48 |
0.51 |
-6% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
340 |
358 |
-5% |
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The Ambassador Hotel, Ltd |
33.30 |
33.35 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
200,500 |
202,600 |
-1% |
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Japan Hotel and Resort Inc |
168,400 |
176,600 |
-5% |
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Imperial Hotel, Ltd |
1,888 |
1,883 |
– |
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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. |
