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April 15, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Record Flight Movement At Hong Kong International Airport
Second Ibis In Singapore
Shanghai To Be One of Emirates’ Airbus A380 Destinations
Aloft To Expand Its Presence In China
Mövenpick Debuts In Singapore
Absolute Share Price Performance, As At 15 April 2011
Record Flight Movement At Hong Kong International Airport Return to Headlines

Flight movements at Hong Kong International Airport (HKIA) registered 28,140 for the month of March, translating to a 15.5% jump year-on-year. The airport also broke the previous single-day record of flight movements with 971 flight movements on 31 March 2011. In addition, driven by travels to and from Southeast Asia and mainland China, the HKIA saw 4.2 million passengers in March, a jump of approximately 2% year-on-year. The Airport Authority Hong Kong commented that the increase in flight movements was attributable to airlines increasing flights on the back of the strong economic performance of the region.

Second Ibis In Singapore Return to Headlines

Accor Group’s Ibis brand has opened its second hotel in Singapore on 2 April this year. The opening of the new Ibis Singapore Novena comes approximately two years after the first Ibis hotel in the city-state – Ibis Singapore Bencoolen. The 241-key hotel, which is owned by Cockpit International, offers an international buffet restaurant and a bar. With increasing visitor arrivals to Singapore expected in the coming years, Shamila Rolfe, General Manager of Ibis Singapore Novena, expects the hotel to be well-positioned to capture the demand for quality yet affordable accommodation from neighbouring countries as well as long-haul markets.

Shanghai To Be One Of Emirates’ Airbus A380 Destinations Return to Headlines

The city of Shanghai will be one of Emirates’ Airbus A380 destinations come 27 April 2011, when the airline’s ‘Superjumbo’ begins its direct service to the city from Dubai. Shanghai will be the third city in Greater China to welcome Emirates’ A380 aircraft, with the other two being Beijing and Hong Kong. The 489-seater A380 will operate thrice weekly on Wednesdays, Fridays and Sundays. Emirates currently operates double-daily services each to Beijing, Shanghai and Hong Kong, and daily services to Guangzhou.

Aloft To Expand Its Presence In China Return to Headlines
Starwood Hotels and Resorts will be expanding its Aloft brand in China with an additional six new hotels by 2013. In February this year, Aloft Nanhai became the second Aloft hotel in China after the opening of the Aloft Beijing Haidian back in 2008. The next property in line will be the 172-room Aloft Zhengzhou Shangjie by end of April 2011. The other five hotels in the pipeline will be the 165-room Aloft Haiyan, 293-room Aloft Zhengzhou Zhengdong New District, 300-room Aloft Guangzhou University Park, 350-room Aloft Dalian and 250-room Aloft Yancheng.
Mövenpick Debuts In Singapore Return to Headlines

Mövenpick Hotels and Resorts has made its entry into the Singapore market with the soft-opening of the Mövenpick Heritage Hotel Sentosa. The hotel is located within the Sentosa integrated gaming resort and will be spread out over two distinct wings, the traditional Heritage wing and the Contemporary wing. For the initial phase, the modern Contemporary wing opened with 105 guestrooms and 25 suites. The Heritage wing will be opened during the next phase by end of 2011 with 61 guestrooms and suites.

Absolute Share Price Performance, as at 15 April 2011
Closing Share Price as at 15 April 2011 8 April 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.03 6.03
General Property Group 3.07 3.13 -2%
Mirvac Group 1.25 1.29 -3%
Ocean Capital Limited 0.19 0.20 -5%
Thakral Holdings Group 0.48 0.49 -1%
Living and Leisure Australia Group 0.029 0.024 21%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.60 5.45 3%
Dusit Thani Public Co Ltd 35.75 35.75
The Erawan Group Public Co Ltd 2.42 2.38 2%
Grande Asset Hotels and Property Public Co Ltd 2.34 2.34
Laguna Resorts & Hotel Public Co Ltd 70.75 69.75 1%
Minor International Public Co Ltd 11.80 11.80
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 20.62 20.51 1%
Beijing Capital Tourism Co Ltd 21.89 22.90 -4%
Jinling Hotel Corporation Ltd 10.75 11.23 -4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 7.61 7.61
Guangzhou Dong Fang Hotel Co Ltd 12.45 12.30 1%
Shenzhen Century Plaza Hotel Co Ltd 6.63 6.55 1%
Home Inns & Hotels Management Inc 43.20 43.34
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.60 9.50 1%
Regal Hotels International Holdings Ltd 3.55 3.50 1%
Sino Hotels Holdings Ltd 2.45 2.47 -1%
The Hong Kong & Shanghai Hotels Ltd 13.56 13.78 -2%
Shangri-La Asia Limited 21.25 20.75 2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 88.15 89.25 -1%
EIH (Oberoi Hotels & Resorts) 90.75 87.05 4%
Hotel Leela Ventures 41.15 42.15 -2%
Korea Exchange (KRW)
The Shilla 24,350 24,400
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.44 0.45 -2%
Ascott Residence Trust 1.17 1.19 -2%
Banyan Tree Holdings Limited 0.92 0.95 -3%
CDL HTrust 2.03 2.02
Hotel Grand Central Ltd 0.82 0.81 1%
Hotel Properties Ltd 2.48 2.46 1%
Mandarin Oriental International Ltd (US$) 2.08 2.10 -1%
Pan Pacific Hotels Group Limited 1.85 1.83 1%
Stamford Land Corporation Ltd 0.63 0.63
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 514 504 2%
The Ambassador Hotel, Ltd 44.40 44.40
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 270,000 258,000 5%
Japan Hotel and Resort Inc 181,000 163,900 10%
Imperial Hotel, Ltd 1,950 1,901 3%
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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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