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Featured in this Asia Pacific Hospitality Newsletter |
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Following a state campaign by Queensland, Gold Coast Tourism
Corporation has launched its new brand – Gold Coast, Famous
for Fun. This move comes as Australia faces stiffer
competition from destinations such as Europe and the USA.
The new marketing initiative will focus on the tourist’s
emotion, highlighting the different types of fun experiences
such as beaches, theme parks, entertainment and hinterland,
replacing the previous brand – Very Gold Coast, Very GC,
which focused on the city rather than the holiday
experience. |
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InterContinental Hotels Group (IHG) has signed six management
contracts with Delhi-based developer, Amrapali Group, to
have two Holiday Inns and four Holiday Inn Expresses in
India. They are the 200-room Holiday Inn Express Noida
Extension, 150-room Holiday Inn Express Indore Pithampur,
200-room Holiday Inn Express Jaipur Hitech City, 150-room
Holiday Inn Express Kochi Aluva Junction, 150-room Holiday
Inn Patna and 150-room Holiday Inn Suites Noida Sector 76.
The six hotels are expected to open in the next three to
five years and will add to the group’s current portfolio of
12 hotels in India. |
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With over 60 hotels currently and 86 new hotels in the
pipeline, China is now Starwood’s second largest hotel
market worldwide, behind only the USA. The group first began
in China with The Great Wall Sheraton Hotel in Beijing, the
country’s first international branded hotel. Currently,
eight of Starwood’s nine brands are operating in the
country, namely Sheraton, Westin, Le Méridien, Four Points
by Sheraton, The Luxury Collection, St Regis, W and Aloft.
From now through 2011, one in every three new Starwood
hotels will open in China. |
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A host of new hotel openings will take place in Myanmar in 2011,
adding to the current supply of 646 hotels and 21,368 rooms. The
new hotels are the 66-bungalow Inle Max Hotel at Inle Lake,
70-bungalow Ngapali Max Hotel at Ngapali Beach, 300-room
Centerpoint Towers Hotel in Yangon, 102-room Sky Blue Hotel in
Nay Pyi Taw and 90-room Myanmar Treasure Resort Ngapali. Plans
are also underway to expand the current properties, with more
than 200 rooms to be added this year to hotels in the country’s
capital. |
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Pan Pacific Hotels Group (Pan Pacific) has announced that it
will enter the Australian market with an initial three
properties by 2011. The three properties are the 345-room
PARKROYAL Darling Harbour Sydney, 196-room PARKROYAL
Parramatta and 486-room Pan Pacific Perth. The move marks
the beginning of its presence in Australia for the
Singapore-based hotel management company, which also has
plans to expand its hotel portfolio into Asia, Greater China
and New Zealand. |
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Absolute Share Price Performance, as at
5 November 2010 |
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Closing Share Price as at |
5 November 2010 |
29 October 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.62 |
6.29 |
5% |
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General Property Group |
2.81 |
2.79 |
1% |
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Mirvac Group |
1.30 |
1.30 |
– |
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Ocean Capital Limited |
0.25 |
0.24 |
4% |
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Thakral Holdings Group |
0.48 |
0.45 |
7% |
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Living and Leisure Australia Group |
0.025 |
0.027 |
-7% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.76 |
5.05 |
-6% |
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Dusit Thani Public Co Ltd |
32.00 |
30.25 |
6% |
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The Erawan Group Public Co Ltd |
2.28 |
2.28 |
– |
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Grande Asset Hotels and Property Public Co Ltd |
1.44 |
1.45 |
-1% |
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Laguna Resorts & Hotel Public Co Ltd |
52.50 |
53.25 |
-1% |
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Minor International Public Co Ltd |
12.10 |
12.20 |
-1% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
25.09 |
24.86 |
1% |
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Beijing Capital Tourism Co Ltd |
23.05 |
22.56 |
2% |
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Jinling Hotel Corporation Ltd |
9.62 |
9.22 |
4% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.82 |
9.78 |
– |
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Guangzhou Dong Fang Hotel Co Ltd |
15.39 |
14.18 |
9% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.68 |
6.54 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
45.77 |
51.16 |
-11% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.44 |
9.12 |
4% |
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Regal Hotels International Holdings Ltd |
3.20 |
3.08 |
4% |
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Sino Hotels Holdings Ltd |
2.49 |
2.35 |
6% |
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The Hong Kong & Shanghai Hotels Ltd |
13.98 |
13.64 |
2% |
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Korea Exchange (KRW) |
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The Shilla |
29,550 |
28,650 |
3% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.46 |
0.44 |
5% |
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Ascott Residence Trust |
1.25 |
1.27 |
-2% |
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Banyan Tree Holdings Limited |
1.01 |
0.93 |
9% |
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CDL HTrust |
2.19 |
2.14 |
2% |
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Hotel Grand Central Ltd |
0.85 |
0.82 |
4% |
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Hotel Properties Ltd |
2.80 |
2.80 |
– |
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Mandarin Oriental International Ltd (US$) |
2.08 |
1.91 |
9% |
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Pan Pacific Hotels Group Limited |
1.64 |
1.64 |
– |
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Shangri-La Asia Limited (HK$) |
18.64 |
17.20 |
8% |
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Stamford Land Corporation Ltd |
0.56 |
0.56 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
485 |
497 |
-2% |
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The Ambassador Hotel, Ltd |
47.25 |
48.45 |
-2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
255,900 |
249,300 |
3% |
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Japan Hotel and Resort Inc |
203,100 |
203,300 |
– |
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Imperial Hotel, Ltd |
1,904 |
1,900 |
– |
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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. |
