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October 1, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Accor To Expand Its Portfolio In Vietnam
Hotel Nikko Wuxi Opens In China
AAPA Figures Indicate Strong Growth For Asia Pacific Airlines
Hilton Named Number One Hotel Brand In Japan Again
Developers In India Justify Price Increases As Economy Improves
HVS Hong Kong Consulting & Valuation Office Move
Absolute Share Price Performance, As At 1 October 2010
Accor To Expand Its Portfolio In Vietnam Return to Headlines
Accor group has secured the contract to have two more Pullman properties in Vietnam, which will expand its portfolio of properties in the country to five. The new editions are the 207-room Pullman Danang Beach and 300-room Pullman Hai Phong Flamboyant Island Resort, which are slated to open in 2013. Accor’s current properties in Vietnam are the 360-room Pullman Vung Tau, 250-room Pullman Hanoi Horison and 290-room Pullman Saigon Centre.
Hotel Nikko Wuxi Opens In China Return to Headlines
Situated in central Wuxi, along an old canal that is to become a UNESCO World Heritage Site, the Hotel Nikko Wuxi is Nikko Hotels International’s latest addition in the China market. The hotel offers 499 guestrooms and three restaurants serving different types of cuisines. Hotel Nikko Wuxi also has the city’s largest ballroom at 6,400 square metres and seven other meeting rooms to accommodate all types of meetings and functions. The hotel is well-connected in terms of transportation, being ten minutes’ drive away from Wuxi’s railway stations and 25 minutes’ drive away from the Wuxi International Airport.
AAPA Figures Indicate Strong Growth For Asia Pacific Airlines Return to Headlines
The month of August has seen Asia Pacific-based airlines continue to register strong growth in passenger demand, with a 14.9% increase in the number of international passengers for the first eight months of 2010. Preliminary figures released by the Association of Asia Pacific Airlines (AAPA) showed that Asia Pacific-based airlines carried a total of 16.8 million international passengers in August, reflecting a 12.4% increase compared to the same month in 2009. In addition, international passenger traffic grew by 8.4% in revenue passenger kilometre, indicating particularly strong demand on regional short-haul routes.
Hilton Named Number One Hotel Brand In Japan Again Return to Headlines
Hilton Hotels and Resorts (Hilton) has once again been chosen as the ‘Number 1 Hotel Brand’ in Japan, its fourth consecutive year winning the title. This ranking is based on the annual Asia Pacific Hotel Business Guest Survey conducted by UK-based consultancy group BDRC. It takes into account factors such as a hotel brand’s scores for prompted and unprompted awareness, usage of a brand in the last 12 months and intention to recommend the hotel to others. The survey took place in 14 countries across the Asia Pacific region, with 776 respondents in Japan.
Developers In India Justify Price Increases As Economy Improves Return to Headlines
Developers in parts of India are pushing up property prices to try to take advantage of a pick-up in the economy due to rising wages and strong demand. For instance, builders in Bangalore have increased prices by around 15% as they feel that rising salaries, particularly from the information technology sectors, will increase people’s spending power. According to a report from Bank of America Merrill Lynch, residential prices in Bangalore have increased by between 10% and 15% from the low prices seen in 2009. However, property prices in the city are still well below the 2007 peak as compared against Mumbai and Delhi.
HVS Hong Kong Consulting & Valuation Office Move Return to Headlines
Please make a note of the new address and telephone numbers:

Level 21, The Center
99 Queen's Road Central
Hong Kong
+852 3478 3999
+852 3478-3880 Fax

Absolute Share Price Performance, as at 1 October 2010
Closing Share Price as at 1 October 2010 24 September 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.89 5.83 1%
General Property Group 2.90 2.93 -1%
Mirvac Group 1.33 1.35 -1%
Ocean Capital Limited 0.28 0.32 -13%
Thakral Holdings Group 0.46 0.44 3%
Living and Leisure Australia Group 0.027 0.025 8%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.75 5.20 11%
Dusit Thani Public Co Ltd 31.50 31.75 -1%
The Erawan Group Public Co Ltd 2.44 2.32 5%
Grande Asset Hotels and Property Public Co Ltd 1.40 1.48 -5%
Laguna Resorts & Hotel Public Co Ltd 54.75 53.00 3%
Minor International Public Co Ltd 13.70 12.20 12%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  25.02 26.46 -5%
Beijing Capital Tourism Co Ltd 23.40 22.72 3%
Jinling Hotel Corporation Ltd 8.55 8.37 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.46 10.85 -4%
Guangzhou Dong Fang Hotel Co Ltd 14.13 14.78 -4%
Shenzhen Century Plaza Hotel Co Ltd 6.81 6.95 -2%
Home Inns & Hotels Management Inc 50.14 46.89 7%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.47 8.60 -2%
Regal Hotels International Holdings Ltd 3.36 3.12 8%
Sino Hotels Holdings Ltd 2.31 2.31
The Hong Kong & Shanghai Hotels Ltd 13.66 13.70
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 102.05 103.35 -1%
EIH (Oberoi Hotels & Resorts) 135.75 140.75 -4%
Hotel Leela Ventures 54.00 55.10 -2%
Korea Exchange (KRW)
The Shilla  32,850 31,400 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.44 0.45 -2%
ART Management Limited 1.16 1.15 1%
Banyan Tree Holdings Limited 0.92 0.87 6%
CDL HTrust  2.14 2.04 5%
Hotel Grand Central Ltd 0.81 0.80 1%
Hotel Properties Ltd 2.79 2.75 1%
Mandarin Oriental International Ltd (US$) 1.67 1.71 -2%
Pan Pacific Hotels Group Limited 1.67 1.62 3%
Shangri-La Asia Limited (HK$) 17.28 17.72 -2%
Stamford Land Corporation Ltd 0.55 0.51 8%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  513 519 -1%
The Ambassador Hotel, Ltd  50.30 51.50 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  250,600 265,600 -6%
Japan Hotel and Resort Inc 208,500 209,600 -1%
Imperial Hotel, Ltd  1,915 2,075 -8%
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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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.

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