Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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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. |
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Tourism Recovery In 2010 Stronger Than Expected, But Likely To
Slow Down In 2011 |
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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. |
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Absolute Share Price Performance, as at
19 November 2010 |
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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% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
48.20 |
50.70 |
-5% |
Hong Kong Stock Exchange (HK$) |
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 |
– |
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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. |