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Featured in this Asia Pacific Hospitality Newsletter |
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W Hotels Worldwide marks its entry into the Southeast Asia
market with the opening of W Retreat Koh Samui. The 75-villa
retreat is strategically located at the peak of the north
shore of Thailand's famous Samui Island, offering panoramic
sunrise and sunset views of the Gulf of Thailand. Each villa
will have a private pool, daybeds, an outdoor shower, a
46-inch plasma screen television and the signature W bed.
The move is an important milestone for W Hotels’
international growth strategy, which aims to double its
global portfolio to more than 50 hotels worldwide by 2012. |
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Wyndham Strengthens Its Position In China With New Hotel At
Hangzhou’s Xixi National Wetland Park
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Wyndham Hotel Group has announced its continued expansion in
China with the opening of the 251-room Wyndham Hangzhou Xixi
Resort. The resort, which is owned by Hangzhou Xixi Wetland
Management Company Limited, will be part of a large
sustainable tourism development in Hangzhou. Located in the
western part of the city and less than five kilometres from
the famous West Lake, the Xixi National Wetland Park is the
first and only national wetland park in China. Slated to be
opened at the end of 2011, the move strengthens the group’s
portfolio in China, which currently comprises 270 hotels
under its various brands. |
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Hyatt Expands Its Indian Market Portfolio With Opening Of The
Hyatt Regency Pune |
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Pune, one of India’s fastest growing cities, will have its
first upper upscale deluxe hotel and residences complex in
the form of the Hyatt Regency Pune. Located within the
Weikfield IT Park in the city's upcoming IT corridor and a
short drive from Lohegaon International Airport, the hotel
caters to both leisure and business travellers, being also
just ten minutes from the upmarket entertainment areas of
Koregaon Park and Kalyani Nagar. The hotel has 222
guestrooms and suites, with the 84 serviced apartments
scheduled to open in 2011. The hotel also features more than
1,900 square metres of conference and meeting facilities,
with a 640-square-metre pillarless ballroom. |
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Despite concerns from tour operators and hoteliers, the US$86.4
million expansion project for Laos’ Luang Prabang Airport will
proceed as planned. There were fears that the project will
affect the appeal of the nearby UNESCO World Heritage Site, but
the Lao National Tourism Administration has explained that due
to budget constraints, they are not able to build a new airport
outside the city. The expansion project includes a new
9,800-square-metre passenger terminal and a new 3,000-metre
runway that will be able to accommodate Boeing 737 and Airbus
A320 aircraft. The project is expected to be completed by 2013. |
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InterContinental Hotels Group (IHG) has collaborated with real
estate developer Ayala Land to open the Holiday Inn and
Suites Makati in Manila, the Philippines. The 347-room hotel
will be the first purpose-built Holiday Inn property in the
country, and will be IHG’s second partnership with Ayala
Land, which also owns the InterContinental Manila. The
Holiday Inn and Suites Makati is situated in the financial
hub of Makati City, on top of the redeveloped Glorietta
Mall, one of Metro Manila's largest retail and entertainment
complexes. The hotel is slated to be opened in 2013. |
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Absolute Share Price Performance, as at
12 November 2010 |
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Closing Share Price as at |
12 November 2010 |
5 November 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.57 |
6.62 |
-1% |
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General Property Group |
2.78 |
2.81 |
-1% |
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Mirvac Group |
1.25 |
1.30 |
-4% |
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Ocean Capital Limited |
0.25 |
0.25 |
– |
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Thakral Holdings Group |
0.47 |
0.48 |
-1% |
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Living and Leisure Australia Group |
0.025 |
0.025 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.50 |
4.76 |
-5% |
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Dusit Thani Public Co Ltd |
31.75 |
32.00 |
-1% |
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The Erawan Group Public Co Ltd |
2.30 |
2.28 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.45 |
1.44 |
1% |
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Laguna Resorts & Hotel Public Co Ltd |
48.50 |
52.50 |
-8% |
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Minor International Public Co Ltd |
11.80 |
12.10 |
-2% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
23.81 |
25.09 |
-5% |
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Beijing Capital Tourism Co Ltd |
24.87 |
23.05 |
8% |
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Jinling Hotel Corporation Ltd |
8.73 |
9.62 |
-9% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.60 |
9.82 |
-2% |
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Guangzhou Dong Fang Hotel Co Ltd |
13.07 |
15.39 |
-15% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.39 |
6.68 |
-4% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
50.70 |
45.77 |
11% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.30 |
9.44 |
-1% |
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Regal Hotels International Holdings Ltd |
3.20 |
3.20 |
– |
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Sino Hotels Holdings Ltd |
2.75 |
2.49 |
10% |
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The Hong Kong & Shanghai Hotels Ltd |
13.64 |
13.98 |
-2% |
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Korea Exchange (KRW) |
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The Shilla |
29,000 |
29,550 |
-2% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.45 |
0.46 |
-2% |
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Ascott Residence Trust |
1.21 |
1.25 |
-3% |
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Banyan Tree Holdings Limited |
1.06 |
1.01 |
5% |
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CDL HTrust |
2.11 |
2.19 |
-4% |
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Hotel Grand Central Ltd |
0.87 |
0.85 |
2% |
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Hotel Properties Ltd |
2.87 |
2.80 |
3% |
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Mandarin Oriental International Ltd (US$) |
1.97 |
2.08 |
-5% |
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Pan Pacific Hotels Group Limited |
1.64 |
1.64 |
– |
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Shangri-La Asia Limited (HK$) |
19.50 |
18.64 |
5% |
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Stamford Land Corporation Ltd |
0.56 |
0.56 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
486 |
485 |
– |
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The Ambassador Hotel, Ltd |
46.95 |
47.25 |
-1% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
252,900 |
255,900 |
-1% |
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Japan Hotel and Resort Inc |
201,800 |
203,100 |
-1% |
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Imperial Hotel, Ltd |
1,890 |
1,904 |
-1% |
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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. |
