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Featured in this Asia Pacific Hospitality Newsletter |
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Garuda Indonesia's hospitality arm, Aerowisata Hotels and
Resorts, is planning to develop eight new properties by 2012
to support the airline's domestic network. The first to open
in November will be the Villa Alam Ubud in Bali which will
feature 24 Balinese luxury villas. The remaining seven
properties are slated to open between 2011 and 2012, and
they include the Aerotel Biliton Beach in Biliton Island
with 88 rooms, including 24 bungalows; the 110-room Aero
Batam; the 130-room Aerotel Balikpapan in Balikpapan, East
Kalimantan; and its first Jakarta property, the 150- room
Aerowisata Jakarta. |
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Paris-based IREIFS Investment Group is investing more than
US$32.5 million on joint ventures for two new projects in
Chiang Mai, northern Thailand. The joint venture deals will
see IREIFS develop a 50-key ecotourism resort in Chiang
Mai’s countryside and an 88-unit condominium in the downtown
area. The ecotourism project will feature 30 villas and a
20-suite lodge and is slated for completion in December
2011. The condominium project, which is expected to be
completed in 2012, will comprise 88 residential units,
retail shops and restaurants. |
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Visitor arrivals to Taiwan are set to rise with the
implementation of an easier process for visa application.
Since 1 September 2010, travellers from Hong Kong and Macau
have been able to apply for a visa to Taiwan online for
free. Once their online applications have been approved,
they can print the approval statements and use them to enter
Taiwan. Arrivals from Macau and Hong Kong rose 5.89% to
450,927 for the first seven months of 2010. The new visa
application process may see the rise of weekend travel to
Taiwan during long weekends. |
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Best Western International Continues To Expand Its Presence In
Asia And The Middle East |
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With currently more than 40 new hotels in Asia and the Middle
East in various stages of development, Best Western
International aims to have more than 235 Best Western properties
in these regions by the end of 2011. The international hotel
chain currently has a portfolio of more than 160 properties in
countries like mainland China, Taiwan, India and Japan, and
Southeast Asia. Best Western also launched Bhuvana My Spa in
Asia in early 2010, the first spa concept for the chain, at
several new Best Western Premier hotels in Thailand and
Indonesia. |
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Carlson and SM Hotels and Conventions Corporation have
announced that the first Radisson Blu hotel in Asia Pacific
will open on 27 September 2010. Located in Cebu, the
Philippines' oldest and second largest city, the 400-room
Radisson Blu Hotel Cebu is designed to appeal to both
business and leisure travellers. The hotel will offer
state-of-the-art meeting and event facilities, including a
1,200-square-metre grand ballroom and ten function rooms.
The Radisson Blu Hotel Cebu is centrally located in Cebu's
financial and shopping districts, and is beside the SM City
Cebu Mall, the largest shopping and entertainment complex in
the region. |
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Absolute Share Price Performance, as at
24 September 2010 |
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Closing Share Price as at |
24 September 2010 |
17 September 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.83 |
5.87 |
-1% |
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General Property Group |
2.93 |
2.98 |
-2% |
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Mirvac Group |
1.35 |
1.39 |
-3% |
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Ocean Capital Limited |
0.32 |
0.32 |
– |
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Thakral Holdings Group |
0.44 |
0.46 |
-3% |
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Living and Leisure Australia Group |
0.025 |
0.028 |
-11% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.20 |
5.40 |
-4% |
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Dusit Thani Public Co Ltd |
31.75 |
30.00 |
6% |
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The Erawan Group Public Co Ltd |
2.32 |
2.32 |
– |
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Grande Asset Hotels and Property Public Co Ltd |
1.48 |
1.51 |
-2% |
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Laguna Resorts & Hotel Public Co Ltd |
53.00 |
53.00 |
– |
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Minor International Public Co Ltd |
12.20 |
11.90 |
3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
26.46 |
26.07 |
1% |
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Beijing Capital Tourism Co Ltd |
22.72 |
23.97 |
-5% |
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Jinling Hotel Corporation Ltd |
8.37 |
8.42 |
-1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.11 |
10.46 |
-3% |
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Guangzhou Dong Fang Hotel Co Ltd |
14.07 |
14.13 |
– |
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Shenzhen Century Plaza Hotel Co Ltd |
6.71 |
6.81 |
-1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
46.89 |
46.68 |
– |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.60 |
8.48 |
1% |
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Regal Hotels International Holdings Ltd |
3.12 |
3.04 |
3% |
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Sino Hotels Holdings Ltd |
2.31 |
2.30 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
13.70 |
13.10 |
5% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
103.35 |
104.90 |
-1% |
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EIH (Oberoi Hotels & Resorts) |
140.75 |
138.15 |
2% |
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Hotel Leela Ventures |
55.10 |
54.70 |
1% |
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Korea Exchange (KRW) |
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The Shilla |
31,400 |
29,750 |
6% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.45 |
0.44 |
2% |
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ART Management Limited |
1.15 |
1.15 |
– |
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Banyan Tree Holdings Limited |
0.87 |
0.83 |
5% |
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CDL HTrust |
2.04 |
2.24 |
-9% |
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Hotel Grand Central Ltd |
0.80 |
0.78 |
3% |
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Hotel Properties Ltd |
2.75 |
2.86 |
-4% |
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Mandarin Oriental International Ltd (US$) |
1.71 |
1.49 |
15% |
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Pan Pacific Hotels Group Limited |
1.62 |
1.61 |
1% |
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Shangri-La Asia Limited (HK$) |
17.72 |
17.56 |
1% |
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Stamford Land Corporation Ltd |
0.51 |
0.49 |
4% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
519 |
516 |
1% |
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The Ambassador Hotel, Ltd |
51.50 |
46.70 |
10% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
265,600 |
262,000 |
1% |
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Japan Hotel and Resort Inc |
209,600 |
216,500 |
-3% |
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Imperial Hotel, Ltd |
2,075 |
2,027 |
2% |
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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. |
