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Featured in this Asia Pacific Hospitality Newsletter |
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Shangri-La Hotels and Resorts has announced the development of
a new city resort, the Shangri-La Hotel, Diqing in
Shangri-La County, Yunnan Province. Diqing and Shangri-La
County are popular destinations with leisure travellers due
to attractions such as the Padacuo National Park,
Tiger-leaping Gorge and Meili Snow Mountains. The low-rise
urban resort will offer 230 guestrooms and facilities such
as a health club, spa with beauty salon and an indoor
swimming pool. The development, which expands Shangri-La’s
portfolio of properties into the western part of mainland
China, is slated to open in early 2013. |
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Palmerston Hotels and Resorts is planning to open a luxury
resort and residential development on the Philippine island
of Boracay. The five-star project, known as the Palmerston
Boracay Resort, will be developed over two phases. The first
phase will be the Palmerston Beach Club, which will feature
a luxury hotel together with an 18-hole golf course. The
second phase will be the Palmerston Place, offering an
additional 187 standard bedrooms and suites as well as
conference, dining and spa facilities. The highlight of the
development will be the deluxe boutique hotel, Royal
Palmerston Hotel, which will have 59 luxurious suites and 18
villas. |
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Despite attempts by the government to cool the market,
property prices in China are continuing to increase from a
year earlier. The National Bureau of Statistics reported
that even though the property price index in August fell
slightly from July’s 10.3% rise, it still registered a rise
of 9.3% from a year earlier. However, property prices in 70
of China’s large- and medium-sized cities were unchanged for
the second consecutive month in August. Analysts said that
the current measures need to be strengthened in order to
curb the speculation that has driven up property prices and
could increase social discontent and economic risks. |
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Shangri-La Named Best Business Hotel Brand In Asia Pacific For
10th Year Running |
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Shangri-La Hotels and Resorts has been voted the Best Business
Hotel Brand in Asia Pacific for 2010 by Business Traveller
Asia-Pacific Magazine, the tenth consecutive year that the group
has won this award. The group also won seven other awards,
including the inaugural Best Business Hotel in the World title,
which was given to Shangri-La Hotel, Singapore. Other Shangri-La
hotels in Hong Kong, Manila and Shanghai were each voted the
Best Business Hotel in their respective cities. Results were
based on a poll conducted among the magazine’s frequent
traveller subscribers based mainly in the Asia Pacific region. |
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Carlson has expanded its Radisson brand to Pattaya in Thailand
with the signing of an agreement to convert the Garden Cliff
Resort and Spa into the Radisson Resort and Spa Pattaya Bay.
The property is owned by Garden Cliff Park Limited, a tour
operator which handles the China market, and is within close
proximity to downtown Pattaya and about 90 minutes’ drive
away from Bangkok. The resort will undergo a comprehensive
makeover over two phases, and the entire renovation and
rebranding process will likely be completed in the first
quarter of 2011. |
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Absolute Share Price Performance, as at
10 September 2010 |
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Closing Share Price as at |
10 September 2010 |
3 September 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.80 |
5.85 |
-1% |
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General Property Group |
3.05 |
3.07 |
-1% |
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Mirvac Group |
1.40 |
1.39 |
– |
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Ocean Capital Limited |
0.32 |
0.23 |
39% |
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Thakral Holdings Group |
0.44 |
0.45 |
-1% |
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Living and Leisure Australia Group |
0.021 |
0.018 |
17% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.10 |
5.65 |
-10% |
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Dusit Thani Public Co Ltd |
30.00 |
29.75 |
1% |
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The Erawan Group Public Co Ltd |
2.36 |
2.44 |
-3% |
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Grande Asset Hotels and Property Public Co Ltd |
1.46 |
1.48 |
-1% |
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Laguna Resorts & Hotel Public Co Ltd |
55.00 |
56.50 |
-3% |
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Minor International Public Co Ltd |
11.80 |
11.80 |
– |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
26.76 |
25.41 |
5% |
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Beijing Capital Tourism Co Ltd |
24.85 |
25.35 |
-2% |
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Jinling Hotel Corporation Ltd |
8.68 |
8.83 |
-2% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.85 |
11.01 |
-1% |
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Guangzhou Dong Fang Hotel Co Ltd |
14.78 |
13.46 |
10% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.95 |
7.05 |
-1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
48.73 |
46.30 |
5% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.28 |
8.00 |
3% |
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Regal Hotels International Holdings Ltd |
3.05 |
3.02 |
1% |
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Sino Hotels Holdings Ltd |
2.20 |
2.22 |
-1% |
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The Hong Kong & Shanghai Hotels Ltd |
13.14 |
13.20 |
– |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
106.00 |
106.80 |
-1% |
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EIH (Oberoi Hotels & Resorts) |
140.90 |
150.80 |
-7% |
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Hotel Leela Ventures |
55.90 |
54.90 |
2% |
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Korea Exchange (KRW) |
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The Shilla |
30,800 |
29,400 |
5% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.44 |
0.42 |
5% |
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ART Management Limited |
1.15 |
1.16 |
-1% |
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Banyan Tree Holdings Limited |
0.83 |
0.83 |
– |
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CDL HTrust |
2.04 |
2.01 |
1% |
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Hotel Grand Central Ltd |
0.79 |
0.80 |
-1% |
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Hotel Properties Ltd |
2.90 |
2.81 |
3% |
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Mandarin Oriental International Ltd (US$) |
1.36 |
1.40 |
-3% |
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Pan Pacific Hotels Group Limited |
1.61 |
1.61 |
– |
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Shangri-La Asia Limited (HK$) |
16.50 |
16.52 |
– |
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Stamford Land Corporation Ltd |
0.48 |
0.48 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
490 |
516 |
-5% |
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The Ambassador Hotel, Ltd |
45.30 |
45.50 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
253,600 |
251,100 |
1% |
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Japan Hotel and Resort Inc |
196,500 |
201,200 |
-2% |
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Imperial Hotel, Ltd |
2,001 |
1,945 |
3% |
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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. |
