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May 7, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
InterContinental Inks Five Hotel Management Deals With HNA Group
Best Western International Adds New Destination In Thailand
Ibis Launches New Operating Model For Growth In China
Shangri-La To Open Two Properties In Jiangsu Province, China
Les Suites Orient Shanghai To Open In May 2010
International Visitor Arrivals To Hong Kong Soar For First Three Months of 2010
Absolute Share Price Performance, As At 7 May 2010
InterContinental Inks Five Hotel Management Deals With HNA Group Return to Headlines

InterContinental Hotels Group (IHG), the world’s largest hotel group by number of rooms, has signed a management contract of five hotels with HNA Hotels and Resorts Group. The 271-key Holiday Inn Beijing Sifang and 290-key Crowne Plaza Changchun Noble will be added to the IHG portfolio in 2012, and the 200-key InterContinental Haikou and 300-key Crowne Plaza Kuming West will open in 2014. In addition, the 300-key InterContinental Changchun will open in 2015.

Best Western International Adds New Destination In Thailand Return to Headlines
Best Western International will add a new resort property in Thailand to its portfolio this year. Situated on Haad Rin Beach at the south of Koh Phangan, Thailand, the 105-key Phanganburi Resort and Spa will open in November 2010. Upon completion of renovation works, the resort will feature two swimming pools, an on-beach restaurant, an outdoor pool bar, a spa and meeting spaces.
Ibis Launches New Operating Model For Growth In China Return to Headlines
Ibis, an international economy hotel brand under Accor Group, has announced its plan to introduce a franchise development model to support its brand expansion in China. Four franchise contracts have been signed, and the company anticipates up to 15 agreements to be signed in 2010. Two properties under the franchise contract will open in 2010 in city centre locations of Shanghai.
Shangri-La To Open Two Properties In Jiangsu Province, China Return to Headlines
Shangri-La Hotels and Resorts will open two properties in Jiangsu Province, China in 2010. These two properties will add on to the company’s six existing hotels in the Yangtze River Delta and two more properties opening in the next two years in the Yangtze River Delta. The 670-key Shangri-La Hotel Nanjing will be located in Gulou District, offering views of the Xuan Wu Lake. Located to the northeast of Nanjing, the 371-key Shangri-La Hotel Yangzhou will be the first international luxury hotel in the city.
Les Suites Orient Shanghai To Open In May 2010 Return to Headlines
Les Suites Orient Shanghai, a member of Epoque Hotels, is set to soft open in May 2010. Situated within the original Bund Heritage building, this boutique property will feature 168 rooms including 43 suites, three food and beverage outlets, three multi-functional meeting rooms, a fitness centre with a Zen platform and a business centre.
International Visitor Arrivals To Hong Kong Soar For First Three Months Of 2010 Return to Headlines
Benefitting from a strong rebound from the international and long-haul markets, as well as mainland China, Hong Kong witnessed an increase in international visitor arrivals during the first three months of 2010. The number of international visitor arrivals for this period recorded approximately 8.6 million, an increase by around 16.5% as compared to the same period of 2009. Visitor arrivals from mainland China, Taiwan and South Korea witnessed double-digit growths in the first quarter of 2010.
Absolute Share Price Performance, as at 7 may 2010
Closing Share Price as at 7 May 2010 30 Apr 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.70 5.91 -4%
Mirvac Group 1.35 1.41 -4%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.40 0.42 -6%
Living and Leisure Australia Group 0.022 0.023 -4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.92 3.84 2%
Dusit Thani Public Co Ltd 27.75 27.25 2%
The Erawan Group Public Co Ltd 2.18 2.16 1%
Grande Asset Hotels and Property Public Co Ltd 1.25 1.25
Laguna Resorts & Hotel Public Co Ltd 37.50 39.25 -4%
Minor International Public Co Ltd 9.95 9.50 5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  19.29 22.73 -15%
Beijing Capital Tourism Co Ltd 20.43 20.83 -2%
Jinling Hotel Corporation Ltd 9.17 9.23 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.70 11.29 -5%
Guangzhou Dong Fang Hotel Co Ltd 9.63 9.96 -3%
Shenzhen Century Plaza Hotel Co Ltd 6.58 7.05 -7%
Home Inns & Hotels Management Inc 31.13 34.84 -11%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.73 8.02 -4%
Regal Hotels International Holdings Ltd 2.75 2.97 -7%
Sino Hotels Holdings Ltd 2.29 2.28
The Hong Kong & Shanghai Hotels Ltd 11.66 12.34 -6%
Korea Exchange (KRW)
The Shilla  22,400 22,450
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.47 0.51 -8%
ART Management Limited 1.12 1.20 -7%
Banyan Tree Holdings Limited 0.81 0.81
CDL HTrust  1.82 1.93 -6%
Hotel Grand Central Ltd 0.76 0.86 -12%
Hotel Properties Ltd 2.26 2.30 -2%
Mandarin Oriental International Ltd (US$) 1.56 1.74 -10%
Pan Pacific Hotels Group Limited 1.50 1.56 -4%
Shangri-La Asia Limited (HK$) 14.32 14.80 -3%
Stamford Land Corporation Ltd 0.49 0.53 -8%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  352 371 -5%
The Ambassador Hotel, Ltd  32.55 34.80 -6%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  - 202,000 -100%
Japan Hotel and Resort Inc 177,000 184,000 -4%
Imperial Hotel, Ltd  1,850 1,931 -4%
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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