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Featured in this Asia Pacific Hospitality Newsletter
Positive Performance From Asia Pacific Airlines
Hilton Cebu Resort & Spa To Be Rebranded As Mövenpick Property
Gold Coast Undergoes Makeover To Target Middle East Market
Ritz-Carlton Hong Kong Takes World’s Highest Hotel Title
Absolute Share Price Performance, As At 1 April 2011
Positive Performance From Asia Pacific Airlines Return to Headlines

According to traffic figures from the Association of Asia Pacific Airlines (AAPA), Asia Pacific airlines carried a combined total of 14.7 million international passengers in February this year, an increase of 3.5% as compared to the same month in 2010. Taking together the first two months of 2011, Asia Pacific airlines saw a 5.8% growth in international passenger numbers year-on-year. However, according to AAPA, the outlook for the aviation sector has already been clouded by the sharp rise in oil prices despite the positive performance so far. In addition, events in Japan have also had a major impact on regional travel and tourism flows as Japan accounts for around a fifth of traffic within the Asia Pacific region.

Hilton Cebu Resort & Spa To Be Rebranded As Mövenpick Property Return to Headlines

Mövenpick Hotels & Resorts will be taking over the management of Hilton Cebu Resort & Spa, marking the entry of the Mövenpick brand in the Philippines. This comes after it has been announced that Oikonomos International Resources Corp and Hilton Worldwide will end their collaboration by mutually agreeing to terminate their 15-year management deal. The 333-key property will undergo a US$2.3 million makeover and will subsequently be renamed as Mövenpick Resort & Spa Cebu.

Gold Coast Undergoes Makeover To Target Middle East Market Return to Headlines

Australia’s Gold Coast is aiming to capture the Middle East tourist market through a series of upgrading works on hotels and attractions in the area. According to Gold Coast Tourism, these include the twin tower Hilton Surfers Paradise which is expected to be completed in mid-July 2011 and the twin residential towers of Peppers Broadbeach which is already operational. These upgrades were timed to coincide with the arrival of visitors from the Middle East, with hotels already experiencing strong bookings from this market for the Ramadan period.

Ritz-Carlton Hong Kong Takes World’s Highest Hotel Title Return to Headlines

Ritz-Carlton’s 75th hotel, the Ritz-Carlton Hong Kong, is officially the world’s highest hotel, taking over the top spot from the Park Hyatt Shanghai. The 312-key hotel occupies the top 17 floors of the International Commerce Centre (ICC), located at West Kowloon in the city. The hotel offers six food and beverage outlets, with the flagship restaurant being the Ozone, which will feature the world’s highest al fresco terrace on the 118th floor. The landmark hotel is a partnership between Sung Hung Kai Properties and the Ritz-Carlton Hotel Company.

Absolute Share Price Performance, as at 1 April 2011
Closing Share Price as at 1 April 2011 25 March 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.00 5.95 1%
General Property Group 3.12 3.07 2%
Mirvac Group 1.25 1.24
Ocean Capital Limited 0.19 0.20 -5%
Thakral Holdings Group 0.50 0.50 1%
Living and Leisure Australia Group 0.025 0.025
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.35 4.98 7%
Dusit Thani Public Co Ltd 37.25 39.25 -5%
The Erawan Group Public Co Ltd 2.40 2.32 3%
Grande Asset Hotels and Property Public Co Ltd 2.02 2.80 -28%
Laguna Resorts & Hotel Public Co Ltd 70.25 64.25 9%
Minor International Public Co Ltd 11.80 11.40 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 20.29 20.75 -2%
Beijing Capital Tourism Co Ltd 23.07 23.67 -3%
Jinling Hotel Corporation Ltd 10.69 10.16 5%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 7.50 9.89 -24%
Guangzhou Dong Fang Hotel Co Ltd 11.81 10.86 9%
Shenzhen Century Plaza Hotel Co Ltd 6.38 6.22 3%
Home Inns & Hotels Management Inc 41.50 39.28 6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.50 9.40 1%
Regal Hotels International Holdings Ltd 3.51 3.38 4%
Sino Hotels Holdings Ltd 2.47 2.47
The Hong Kong & Shanghai Hotels Ltd 14.00 14.32 -2%
Shangri-La Asia Limited 20.85 20.10 4%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 85.00 82.00 4%
EIH (Oberoi Hotels & Resorts) 82.35 82.20
Hotel Leela Ventures 39.55 38.05 4%
Korea Exchange (KRW)
The Shilla 25,300 24,400 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.43 0.44 -2%
Ascott Residence Trust 1.19 1.18 1%
Banyan Tree Holdings Limited 0.96 0.92 4%
CDL HTrust 2.01 2.00
Hotel Grand Central Ltd 0.81 0.81
Hotel Properties Ltd 2.47 2.45 1%
Mandarin Oriental International Ltd (US$) 2.08 2.10 -1%
Pan Pacific Hotels Group Limited 1.75 1.68 4%
Stamford Land Corporation Ltd 0.62 0.62
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 499 477 5%
The Ambassador Hotel, Ltd 41.50 42.30 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 253,000 259,900 -3%
Japan Hotel and Resort Inc 190,700 197,100 -3%
Imperial Hotel, Ltd 2,001 2,048 -2%
Return to Headlines
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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