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