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September 3, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Largest Courtyard By Marriott In China Opens Its Doors
Asia Leads Global Tourism Rebound For First Half Of 2010
Meetings Industry In China Primed For Growth
Hilton Voted Top Hotel Brand In Asia
Louvre Budget Hotels To Be Opened In India
Absolute Share Price Performance, As At 3 September 2010
 
Largest Courtyard By Marriott In China Opens Its Doors Return to Headlines
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.
 
Asia Leads Global Tourism Rebound For First Half Of 2010 Return to Headlines
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%.
 
Meetings Industry In China Primed For Growth Return to Headlines
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.
 
Hilton Voted Top Hotel Brand In Asia Return to Headlines
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.
 
Louvre Budget Hotels To Be Opened In India Return to Headlines
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.
 
Absolute Share Price Performance, as at 3 September 2010
 
Closing Share Price as at 3 September 2010 27 August 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.85 5.77 1%
General Property Group 3.07 3.02 2%
Mirvac Group 1.39 1.31 7%
Ocean Capital Limited 0.23 0.20 15%
Thakral Holdings Group 0.45 0.44 2%
Living and Leisure Australia Group 0.018 0.021 -14%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.65 5.85 -3%
Dusit Thani Public Co Ltd 29.75 29.50 1%
The Erawan Group Public Co Ltd 2.44 2.48 -2%
Grande Asset Hotels and Property Public Co Ltd 1.48 1.39 6%
Laguna Resorts & Hotel Public Co Ltd 56.50 57.50 -2%
Minor International Public Co Ltd 11.80 12.20 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  25.41 24.29 5%
Beijing Capital Tourism Co Ltd 25.35 23.20 9%
Jinling Hotel Corporation Ltd 8.83 8.26 7%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 11.01 10.15 8%
Guangzhou Dong Fang Hotel Co Ltd 13.46 12.50 8%
Shenzhen Century Plaza Hotel Co Ltd 7.05 6.86 3%
NASDAQ (US$)
Home Inns & Hotels Management Inc 46.30 42.14 10%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.00 7.90 1%
Regal Hotels International Holdings Ltd 3.02 3.00 1%
Sino Hotels Holdings Ltd 2.22 2.20 1%
The Hong Kong & Shanghai Hotels Ltd 13.20 13.00 2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 106.80 101.45 5%
EIH (Oberoi Hotels & Resorts) 150.80 135.35 11%
Hotel Leela Ventures 54.90 50.25 9%
Korea Exchange (KRW)
The Shilla  29,400 27,800 6%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.42 0.43 -2%
ART Management Limited 1.16 1.12 4%
Banyan Tree Holdings Limited 0.83 0.86 -3%
CDL HTrust  2.01 2.04 -1%
Hotel Grand Central Ltd 0.80 0.80
Hotel Properties Ltd 2.81 2.86 -2%
Mandarin Oriental International Ltd (US$) 1.40 1.36 3%
Pan Pacific Hotels Group Limited 1.61 1.60 1%
Shangri-La Asia Limited (HK$) 16.52 16.88 -2%
Stamford Land Corporation Ltd 0.48 0.47 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  516 514
The Ambassador Hotel, Ltd  45.50 44.60 2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  251,100 244,500 3%
Japan Hotel and Resort Inc 201,200 188,400 7%
Imperial Hotel, Ltd  1,945 1,949
 
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HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
     
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
 
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