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November 19, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Conrad To Have 14 New Hotels Around The Globe
Mövenpick Enters China Hotel Market
ONYX Group Appointed To Manage Resort In The Maldives
IHG To Open Southeast Asia’s Largest Holiday Inn Express In Singapore
Tourism Recovery In 2010 Stronger Than Expected, But Likely To Slow Down In 2011
Absolute Share Price Performance, As At 19 November 2010
Conrad To Have 14 New Hotels Around The Globe Return to Headlines
Conrad Hotels and Resorts (Conrad) has announced that it will have 14 new hotels in the pipeline around the globe, including regions like Asia and the Middle East. Currently with a portfolio of 15 hotels worldwide, Conrad’s new hotels include the highly anticipated 463-room Conrad New York which will open at the end of 2011. New additions in the Middle East and Asia include the 559-room Conrad Dubai, 101-villa Conrad Sanya Haitang Bay, 325-room Conrad Beijing, 66-villa Conrad Koh Samui Resort and Spa, and 460-room Conrad Seoul. These hotels are expected to open within the next two years.
Mövenpick Enters China Hotel Market Return to Headlines
Mövenpick Hotels and Resorts will open the Mövenpick Hotel Shanghai in 2013, signalling the hotel chain’s intention to create a strong presence in the China market. The hotel, which is a partnership with King Land Real Estate, is located in Jiading District, close to Shanghai International Circuit and Kunshan City. The 300-room Mövenpick Hotel Shanghai will feature two speciality restaurants and a microbrewery producing German beer. The Swiss hotel chain aims to expand its portfolio in the country by five to ten hotels over the next five years.
ONYX Group Appointed To Manage Resort In The Maldives Return to Headlines
ONYX Hospitality Group (ONYX) has been appointed by the Maldives Tourism Development Corporation to manage the Herathera Island Resort. Located on Addu, the southernmost atoll in the Maldives, the 273-villa resort is a 20-minute speedboat ride from Gan International Airport. It features three natural lagoons, a turtle hatchery and a four-kilometre long beach, the longest of any resort within the archipelago. The resort will undergo a makeover for its villas and facilities, and then be relaunched under the Amari brand of the ONYX Group portfolio.
IHG To Open Southeast Asia’s Largest Holiday Inn Express In Singapore Return to Headlines
InterContinental Hotels Group (IHG) has signed a management agreement with RB Capital Hotels Pte Ltd to open a Holiday Inn Express in Singapore. The hotel, which will be located in the heart of Singapore’s Central Business District and close to the Singapore River, will be the largest Holiday Inn Express in Southeast Asia. It will feature between 460 to 500 rooms and is expected to be opened in the second half of 2013. This new Holiday Inn Express will be the second one in a high-value location in Singapore, with the first one slated to open along Orchard Road by 2013.
Tourism Recovery In 2010 Stronger Than Expected, But Likely To Slow Down In 2011 Return to Headlines
The World Travel and Tourism Council's revised figures have shown that the economic recovery has resulted in a faster-than-expected rebound in international travel, particularly in Asian markets. Global Travel and Tourism Economy real GDP growth is now expected to rise by 2% this year, up from an earlier forecast of 0.5%, and will in turn create an extra 946,000 jobs worldwide. However, Travel and Tourism expenditure is still well below the 2008 peak and the pace of recovery in 2011 is likely to be slower than expected. In terms of growth for the regions, Asia is still set to see a growth rate of 4.2%, with China still the main engine of global growth over the next decade. India will enjoy a robust recovery following a slowdown in 2009 whereas Japan's growth will increase gradually, reaching a cyclical peak in 2013.
Absolute Share Price Performance, as at 19 November 2010
Closing Share Price as at 19 November 2010 12 November 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.59 6.57
General Property Group 2.82 2.78 1%
Mirvac Group 1.29 1.25 3%
Ocean Capital Limited 0.24 0.25 -4%
Thakral Holdings Group 0.48 0.47 2%
Living and Leisure Australia Group 0.022 0.025 -12%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.70 4.50 4%
Dusit Thani Public Co Ltd 31.25 31.75 -2%
The Erawan Group Public Co Ltd 2.26 2.30 -2%
Grande Asset Hotels and Property Public Co Ltd 1.57 1.45 8%
Laguna Resorts & Hotel Public Co Ltd 49.00 48.50 1%
Minor International Public Co Ltd 11.50 11.80 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  27.79 23.81 17%
Beijing Capital Tourism Co Ltd 23.60 24.87 -5%
Jinling Hotel Corporation Ltd 9.02 8.73 3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.05 9.60 -6%
Guangzhou Dong Fang Hotel Co Ltd 11.73 13.07 -10%
Shenzhen Century Plaza Hotel Co Ltd 5.92 6.39 -7%
Home Inns & Hotels Management Inc 48.20 50.70 -5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.18 9.30 -1%
Regal Hotels International Holdings Ltd 3.14 3.20 -2%
Sino Hotels Holdings Ltd 2.60 2.75 -5%
The Hong Kong & Shanghai Hotels Ltd 13.10 13.64 -4%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 98.95 102.10 -3%
EIH (Oberoi Hotels & Resorts) 117.15 122.90 -5%
Hotel Leela Ventures 46.35 50.75 -9%
Korea Exchange (KRW)
The Shilla  29,600 29,000 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.45 2%
Ascott Residence Trust 1.19 1.21 -2%
Banyan Tree Holdings Limited 1.02 1.06 -4%
CDL HTrust  2.06 2.11 -2%
Hotel Grand Central Ltd 0.85 0.87 -3%
Hotel Properties Ltd 2.85 2.87 -1%
Mandarin Oriental International Ltd (US$) 1.97 1.97
Pan Pacific Hotels Group Limited 1.64 1.64
Shangri-La Asia Limited (HK$) 20.40 20.40
Stamford Land Corporation Ltd 0.58 0.56 4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  474 486 -2%
The Ambassador Hotel, Ltd  44.55 46.95 -5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  231,200 252,900 -9%
Japan Hotel and Resort Inc 212,000 201,800 5%
Imperial Hotel, Ltd  1,898 1,890
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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