Featured in this Asia Pacific Hospitality Newsletter |
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The Remote Resort has announced plans for a new resort in the
South Pacific. The Remote Resort Fiji Islands, located in
the Somosomo Strait, which lies between Vanua Levu and
Taveuni, aims to offer all inclusive Fiji vacations, family
holidays, traditional Fijian weddings and romantic
honeymoons. Guests can also explore the Rainbow Reef,
considered one of the most famous dive sites in the South
Pacific. The Remote Resort Fiji Islands is slated to open in
June 2011. |
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InterContinental Hotels Group (IHG) has announced the signing
of the first Holiday Inn Express hotel for Singapore, which
is set to open in the heart of Orchard Road, the city’s
premier shopping belt. Orchard Road has more than 40
shopping and entertainment complexes, and is within close
proximity to the city’s Central Business District. The
project, which will see the present Wellington Building at
Bideford Road being developed into the 220-room hotel, is a
partnership between IHG and Valeside Pte Ltd, a member of
the Chee Swee Cheng Group of Companies. The Holiday Inn
Express hotel is slated to open by 2013. |
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President Mohamed Nasheed of the Maldives has ratified the
Second Amendment Bill to the Tourism Act. The Second
Amendment Bill to the Tourism Act stipulates rent charges to
be paid to the government by tourist resorts, tourist hotels
and tourist guesthouses. Under the Act, if rent charged from
land smaller than 200,000 square metres is more than US$1
million, the rent is set at US$1 million per year. If the
rent charged is less than US$1 million, the rent is set at a
rate of US$8 per square metre. The Act also stipulates that
US$1.5 million per year is charged for 200,001 to 400,000
square metres, while where rent of land larger than 400,001
square metres is more than US$2 million, the rent of the
land is set at US$2 million per year. |
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According to a survey done by online hotel booking operator
Hotels.com, Singapore is the most expensive city in the Asia
Pacific region for hotel rooms. A Singapore hotel room cost an
average of US$172.50 per night in the second quarter in 2010, up
22% from the same period last year. Tokyo was the second-most
expensive at US$156.80 per night, but was down 6% year-on-year,
while Sydney was the third-most expensive at US$148.50 and up
16% year-on-year. |
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With a bottoming out of real estate prices and a recovery in
the debt market, international real estate portfolio
investors are increasingly looking to buy property in Japan.
Buyers who have already declared their interest include
Mapletree Investments, the real estate arm of Singapore’s
state investor Temasek Holdings, American private equity
firms Blackstone Group and Fortress, and Germany’s Deutsche
Bank. The Japan real estate market is also gaining interest
from wealthy Chinese investors and a number of travel
agencies have started offering ‘Buy Japanese Property’
tours. |
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Langham Hotels International has signed an agreement with
Ningbo Culture Plaza Investment and Development to manage
the 140-room Langham Place, Ningbo Culture Plaza in Ningbo,
China. The Ningbo Culture Plaza will be a multi-purpose
complex that will include commercial, educational,
recreational, retail, gallery, exhibition and theatre space.
The Langham Place at the Ningbo Culture Plaza will be
positioned as an arts hotel and is slated to open in late
2011. |
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Absolute Share Price Performance, as at
17 September 2010 |
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Closing Share Price as at |
17 September 2010 |
10 September 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.87 |
5.80 |
1% |
General Property Group |
2.98 |
3.05 |
-2% |
Mirvac Group |
1.39 |
1.40 |
– |
Ocean Capital Limited |
0.32 |
0.32 |
– |
Thakral Holdings Group |
0.46 |
0.44 |
3% |
Living and Leisure Australia Group |
0.028 |
0.021 |
33% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
5.40 |
5.10 |
6% |
Dusit Thani Public Co Ltd |
30.00 |
30.00 |
– |
The Erawan Group Public Co Ltd |
2.32 |
2.36 |
-2% |
Grande Asset Hotels and Property Public Co Ltd |
1.51 |
1.46 |
3% |
Laguna Resorts & Hotel Public Co Ltd |
53.00 |
55.00 |
-4% |
Minor International Public Co Ltd |
11.90 |
11.80 |
1% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
26.07 |
26.76 |
-3% |
Beijing Capital Tourism Co Ltd |
23.97 |
24.85 |
-4% |
Jinling Hotel Corporation Ltd |
8.42 |
8.68 |
-3% |
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% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
46.68 |
48.73 |
-4% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
8.48 |
8.28 |
2% |
Regal Hotels International Holdings Ltd |
3.04 |
3.05 |
– |
Sino Hotels Holdings Ltd |
2.30 |
2.20 |
5% |
The Hong Kong & Shanghai Hotels Ltd |
13.10 |
13.14 |
– |
Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
104.90 |
106.00 |
-1% |
EIH (Oberoi Hotels & Resorts) |
138.15 |
140.90 |
-2% |
Hotel Leela Ventures |
54.70 |
55.90 |
-2% |
Korea Exchange (KRW) |
The Shilla |
29,750 |
30,800 |
-3% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.44 |
0.44 |
– |
ART Management Limited |
1.15 |
1.15 |
– |
Banyan Tree Holdings Limited |
0.83 |
0.83 |
– |
CDL HTrust |
2.24 |
2.04 |
10% |
Hotel Grand Central Ltd |
0.78 |
0.79 |
-1% |
Hotel Properties Ltd |
2.86 |
2.90 |
-1% |
Mandarin Oriental International Ltd (US$) |
1.49 |
1.36 |
10% |
Pan Pacific Hotels Group Limited |
1.61 |
1.61 |
– |
Shangri-La Asia Limited (HK$) |
17.56 |
16.50 |
6% |
Stamford Land Corporation Ltd |
0.49 |
0.48 |
2% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
516 |
490 |
5% |
The Ambassador Hotel, Ltd |
46.70 |
45.30 |
3% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
262,000 |
253,600 |
3% |
Japan Hotel and Resort Inc |
216,500 |
196,500 |
10% |
Imperial Hotel, Ltd |
2,027 |
2,001 |
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. |