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Featured in this Asia Pacific Hospitality Newsletter |
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The 456-room Courtyard by Marriott Shanghai Puxi, the brand’s
largest hotel in China, has opened its doors, becoming the
third Courtyard branded property in the city. The other two
Courtyard branded properties in Shanghai are the 318-room
Courtyard by Marriott Hotel Shanghai Pudong and the 364-room
Courtyard by Marriott Shanghai Xujiahui. The hotel is owned
by Gain Year Development Real Estate Shanghai Co Ltd and
offers facilities such as a 24-hour fitness centre and 5,382
square feet of meeting space. |
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According to UNWTO World Tourism Barometer’s August Interim
Update, international tourist arrivals increased by 7% for
the first half of this year. The growth is led by Asia
Pacific and the Middle East, with 14% and 20% growth,
respectively. Asian countries such as Sri Lanka (49%), Japan
(36%), Vietnam (35%) and Myanmar (35%) registered strong
results, propelling Asia to become the second-most visited
region in the world. The positive growth rates, together
with the improving global economy, suggest that year-end
results may exceed UNWTO’s forecast of 3% to 4%. |
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The China Incentives, Business Travel & Meetings Exhibition (CIBTM)
has reported in their research that the China meetings
industry is set for significant growth. According to their
Fourth China and Asia Meetings Industry Report 2010, the
volume of events organised in China increased from an
average of 3.7 events per buyer in 2009 to an average of 5.6
events per buyer this year, with the mean duration for
events in China being 5.5 days this year, compared to 4.4
days in 2009. Likewise, the average number of event
attendees had also gone up from 135 in 2009 to 200 this
year. With 64.3% of buyers expecting to organise more events
in China in the coming 12 months, the growth in volume of
events is likely to continue. |
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Hilton Hotels and Resorts (Hilton) has been named as the top
hotel brand in Asia for 2010 by global research company, Taylor
Nelson Sofres (TNS), in conjunction with media, marketing and
advertising publications, Media. The study, which surveys
consumers on hotel brands based on different categories,
involved more than 3,300 people across ten Asian markets such as
Australia, China, India, Japan and South Korea. This is the
second consecutive year Hilton has clinched the title since the
study’s ‘Travel & Leisure’ category was introduced in 2009. |
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French hotel chain Louvre Hotels, the world's eighth-largest
hotel group, has announced plans to penetrate the budget
hotel segment in India. Oliver Derycke, vice-president of
international operations at Louvre Hotels, said that the
group will be bringing in its one- and two-star brands,
Premiere Classe and Campanile, respectively, to the top ten
cities in the country in the medium-term. The group already
has a few projects in India and aims to have at least 50
properties within the next three years. |
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Absolute Share Price Performance, as at
3 September 2010 |
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Closing Share Price as at |
3 September 2010 |
27 August 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.85 |
5.77 |
1% |
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General Property Group |
3.07 |
3.02 |
2% |
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Mirvac Group |
1.39 |
1.31 |
7% |
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Ocean Capital Limited |
0.23 |
0.20 |
15% |
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Thakral Holdings Group |
0.45 |
0.44 |
2% |
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Living and Leisure Australia Group |
0.018 |
0.021 |
-14% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.65 |
5.85 |
-3% |
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Dusit Thani Public Co Ltd |
29.75 |
29.50 |
1% |
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The Erawan Group Public Co Ltd |
2.44 |
2.48 |
-2% |
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Grande Asset Hotels and Property Public Co Ltd |
1.48 |
1.39 |
6% |
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Laguna Resorts & Hotel Public Co Ltd |
56.50 |
57.50 |
-2% |
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Minor International Public Co Ltd |
11.80 |
12.20 |
-3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
25.41 |
24.29 |
5% |
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Beijing Capital Tourism Co Ltd |
25.35 |
23.20 |
9% |
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Jinling Hotel Corporation Ltd |
8.83 |
8.26 |
7% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
11.01 |
10.15 |
8% |
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Guangzhou Dong Fang Hotel Co Ltd |
13.46 |
12.50 |
8% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.05 |
6.86 |
3% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
46.30 |
42.14 |
10% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.00 |
7.90 |
1% |
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Regal Hotels International Holdings Ltd |
3.02 |
3.00 |
1% |
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Sino Hotels Holdings Ltd |
2.22 |
2.20 |
1% |
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The Hong Kong & Shanghai Hotels Ltd |
13.20 |
13.00 |
2% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
106.80 |
101.45 |
5% |
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EIH (Oberoi Hotels & Resorts) |
150.80 |
135.35 |
11% |
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Hotel Leela Ventures |
54.90 |
50.25 |
9% |
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Korea Exchange (KRW) |
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The Shilla |
29,400 |
27,800 |
6% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.42 |
0.43 |
-2% |
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ART Management Limited |
1.16 |
1.12 |
4% |
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Banyan Tree Holdings Limited |
0.83 |
0.86 |
-3% |
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CDL HTrust |
2.01 |
2.04 |
-1% |
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Hotel Grand Central Ltd |
0.80 |
0.80 |
– |
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Hotel Properties Ltd |
2.81 |
2.86 |
-2% |
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Mandarin Oriental International Ltd (US$) |
1.40 |
1.36 |
3% |
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Pan Pacific Hotels Group Limited |
1.61 |
1.60 |
1% |
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Shangri-La Asia Limited (HK$) |
16.52 |
16.88 |
-2% |
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Stamford Land Corporation Ltd |
0.48 |
0.47 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
516 |
514 |
– |
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The Ambassador Hotel, Ltd |
45.50 |
44.60 |
2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
251,100 |
244,500 |
3% |
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Japan Hotel and Resort Inc |
201,200 |
188,400 |
7% |
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Imperial Hotel, Ltd |
1,945 |
1,949 |
– |
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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. |
