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November 5, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Makeover For Gold Coast Amidst Stiff Competition
IHG To Expand Its Portfolio In India
China Set To Become Starwood’s Second Largest Hotel Market
Hotel Boom For Myanmar
Pan Pacific To Enter Australian Hotel Market
Absolute Share Price Performance, As At 5 November 2010
Makeover For Gold Coast Amidst Stiff Competition Return to Headlines
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.
IHG To Expand Its Portfolio In India Return to Headlines
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.
China Set To Become Starwood’s Second Largest Hotel Market Return to Headlines
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.
Hotel Boom For Myanmar Return to Headlines
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.
Pan Pacific To Enter Australian Hotel Market Return to Headlines
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.
Absolute Share Price Performance, as at 5 November 2010
Closing Share Price as at 5 November 2010 29 October 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.62 6.29 5%
General Property Group 2.81 2.79 1%
Mirvac Group 1.30 1.30
Ocean Capital Limited 0.25 0.24 4%
Thakral Holdings Group 0.48 0.45 7%
Living and Leisure Australia Group 0.025 0.027 -7%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.76 5.05 -6%
Dusit Thani Public Co Ltd 32.00 30.25 6%
The Erawan Group Public Co Ltd 2.28 2.28
Grande Asset Hotels and Property Public Co Ltd 1.44 1.45 -1%
Laguna Resorts & Hotel Public Co Ltd 52.50 53.25 -1%
Minor International Public Co Ltd 12.10 12.20 -1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  25.09 24.86 1%
Beijing Capital Tourism Co Ltd 23.05 22.56 2%
Jinling Hotel Corporation Ltd 9.62 9.22 4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.82 9.78
Guangzhou Dong Fang Hotel Co Ltd 15.39 14.18 9%
Shenzhen Century Plaza Hotel Co Ltd 6.68 6.54 2%
Home Inns & Hotels Management Inc 45.77 51.16 -11%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.44 9.12 4%
Regal Hotels International Holdings Ltd 3.20 3.08 4%
Sino Hotels Holdings Ltd 2.49 2.35 6%
The Hong Kong & Shanghai Hotels Ltd 13.98 13.64 2%
Korea Exchange (KRW)
The Shilla  29,550 28,650 3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.44 5%
Ascott Residence Trust 1.25 1.27 -2%
Banyan Tree Holdings Limited 1.01 0.93 9%
CDL HTrust  2.19 2.14 2%
Hotel Grand Central Ltd 0.85 0.82 4%
Hotel Properties Ltd 2.80 2.80
Mandarin Oriental International Ltd (US$) 2.08 1.91 9%
Pan Pacific Hotels Group Limited 1.64 1.64
Shangri-La Asia Limited (HK$) 18.64 17.20 8%
Stamford Land Corporation Ltd 0.56 0.56
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  485 497 -2%
The Ambassador Hotel, Ltd  47.25 48.45 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  255,900 249,300 3%
Japan Hotel and Resort Inc 203,100 203,300
Imperial Hotel, Ltd  1,904 1,900
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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