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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
15 April 2011 |
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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% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
43.20 |
43.34 |
– |
Hong Kong Stock Exchange (HK$) |
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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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. |