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Featured in this Asia Pacific Hospitality Newsletter |
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Accor Group has announced that it will be collaborating with
IMPACT Exhibition Management to open the 380-room Novotel
Bangkok Impact. The ten-storey high hotel will be integrated
within the IMPACT Arena, Exhibition and Convention Centre
complex. The complex features over 140,000 square metres of
indoor space for large-scale events such as the PTT Thailand
Open 2010 and the Motor Show 2011. The hotel is a 30-minute
drive from the downtown of Bangkok and an hour’s drive from
Suvarnabhumi International Airport. |
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Judging by the latest figures from the Urban Redevelopment
Authority (URA) and the Housing Development Board (HDB), the
cooling measures announced in Singapore at the end of August
this year seems to be taking effect on the property market.
URA has reported that even though private home prices have
continued to rise, this reflects a drop from 5.3% in the
second quarter of the year to 3.1% in the third quarter. HDB
has also reported that resale transactions volume in the
public housing market has dropped by about 25% in September
as compared to August. Analysts believe that the full effect
of the measures will be better illustrated in the fourth
quarter of 2010. |
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InterContinental Hotels Group has continued its expansion into
Thailand with the upcoming rebranding of the Pan Pacific
Bangkok to a Crowne Plaza Hotel. The rebranding, which will
take effect on 1 January 2011, marks the entry of Crowne
Plaza to the city. The 241-room hotel will be named Crowne
Plaza Bangkok Lumpini Park, taking its name from Bangkok’s
first public park. The hotel is located in the heart of
Bangkok, close to the Siam Paragon Mall and is a short
distance from a variety of entertainment, dining and retail
options in the Silom area. |
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Best Western International, the second largest international
hotel brand in Japan, has announced the addition of a second
hotel in the city of Sapporo. The 278-room Best Western Hotel
Sapporo Nakajima Koen is located on the south side of Sapporo
city centre by Nakajima Park. Sapporo is the capital and gateway
city to the northernmost prefecture of Hokkaido, which is famous
around the world for its beautiful natural landscape and ski
resorts. The latest addition is Best Western’s 13th property in
Japan, with hotels already in operation in cities such as Osaka,
Nagasaki and Tokyo. |
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Demand for luxury real estate properties in popular tourist
destinations such as Phuket and Koh Samui is increasing and
property experts are optimistic on the outlook for the
region. Property firms have highlighted that various luxury
residential projects that were on hold previously are now
moving forward. Property firms have attributed this increase
in demand to a recovery of the purchasing power, which has
previously affected the luxury property market in tourist
destinations in Thailand. |
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Absolute Share Price Performance, as at
8 October 2010 |
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Closing Share Price as at |
8 October 2010 |
1 October 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.10 |
5.89 |
4% |
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General Property Group |
2.93 |
2.90 |
1% |
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Mirvac Group |
1.32 |
1.33 |
– |
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Ocean Capital Limited |
0.25 |
0.28 |
-11% |
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Thakral Holdings Group |
0.46 |
0.46 |
1% |
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Living and Leisure Australia Group |
0.026 |
0.027 |
-4% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.10 |
5.75 |
-11% |
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Dusit Thani Public Co Ltd |
32.00 |
31.50 |
2% |
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The Erawan Group Public Co Ltd |
2.38 |
2.44 |
-2% |
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Grande Asset Hotels and Property Public Co Ltd |
1.44 |
1.40 |
3% |
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Laguna Resorts & Hotel Public Co Ltd |
54.00 |
54.75 |
-1% |
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Minor International Public Co Ltd |
12.70 |
13.70 |
-7% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
25.35 |
25.02 |
1% |
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Beijing Capital Tourism Co Ltd |
23.49 |
23.40 |
– |
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Jinling Hotel Corporation Ltd |
8.70 |
8.55 |
2% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.45 |
10.34 |
1% |
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Guangzhou Dong Fang Hotel Co Ltd |
14.89 |
14.54 |
2% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.79 |
6.69 |
1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
49.64 |
50.14 |
-1% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.77 |
8.47 |
4% |
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Regal Hotels International Holdings Ltd |
3.31 |
3.36 |
-1% |
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Sino Hotels Holdings Ltd |
2.79 |
2.31 |
21% |
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The Hong Kong & Shanghai Hotels Ltd |
13.70 |
13.66 |
– |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
102.20 |
102.05 |
– |
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EIH (Oberoi Hotels & Resorts) |
140.20 |
135.75 |
3% |
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Hotel Leela Ventures |
57.50 |
54.00 |
6% |
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Korea Exchange (KRW) |
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The Shilla |
30,200 |
32,850 |
-8% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.44 |
0.44 |
– |
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Ascott Residence Trust |
1.17 |
1.16 |
1% |
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Banyan Tree Holdings Limited |
0.93 |
0.92 |
1% |
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CDL HTrust |
2.10 |
2.14 |
-2% |
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Hotel Grand Central Ltd |
0.81 |
0.81 |
– |
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Hotel Properties Ltd |
2.83 |
2.79 |
1% |
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Mandarin Oriental International Ltd (US$) |
1.64 |
1.67 |
-2% |
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Pan Pacific Hotels Group Limited |
1.65 |
1.67 |
-1% |
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Shangri-La Asia Limited (HK$) |
17.50 |
17.28 |
1% |
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Stamford Land Corporation Ltd |
0.55 |
0.55 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
534 |
513 |
4% |
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The Ambassador Hotel, Ltd |
51.50 |
50.30 |
2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
246,500 |
250,600 |
-2% |
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Japan Hotel and Resort Inc |
204,500 |
208,500 |
-2% |
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Imperial Hotel, Ltd |
1,893 |
1,915 |
-1% |
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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. |
