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Featured in this Asia Pacific Hospitality Newsletter |
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Indonesia will have its first Holiday Inn Express in Bali’s
Legian District come early 2013. The proposed 160-room Holiday
Inn Express Bali Legian, a partnership between InterContinental
Hotels Group (IHG) and PT Wismatama Indah Makmur, is situated
along Jalan Imam Bonjol, which is a few minutes’ walk away from
Istana Kuta Galleria and other food and beverage establishments.
The Holiday Inn Express brand, which has 30 hotels in Asia
Pacific currently, is targeted at leisure and business
travellers who are looking for both convenience and value when
it comes to their accommodation. IHG will be opening new Holiday
Inn Express hotels in countries such as Thailand, Singapore and
India within the next few years. |
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Singapore will play host to the Bay Challenge, a new sailing
event held in conjunction with Boat Asia 2011, from 14 to 15 May
2011. The event will be held against the backdrop of Marina
Bay’s spectacular skyline which includes Marina Bay Sands, The
Arts Science Museum, The Promontory at Marina Bay and Marina Bay
Financial Centre. The Bay Challenge aims to attract at least
10,000 spectators over the two-day event and is envisaged to
play a big part in introducing a broader nautical lifestyle to a
larger audience. Spectators at the Bay Challenge at Marina Bay
can also visit Boat Asia 2011, Asia’s largest boat show with a
showcase of sailing yachts, powerboats and other prestigious
lifestyle brands. |
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Raffles has made its entry into Seychelles with the opening of
the Raffles Praslin Seychelles. The resort, which is a 15-minute
helicopter ride from the capital of Mahé, features 86 villas
including one- and two-bedroom villa suites with private plunge
pools and equipped with luxury amenities, such as 43-inch plasma
televisions and Nespresso coffee machines. Guests at the resort
will also have access to a 500-metre white sand beach
overlooking Curieuse National Marine Park. Other leisure
activities at the Raffles Praslin Seychelles include a range of
non-motorised water sports, diving, snorkelling and scenic
island excursions. |
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China has been said to be the key emerging market for the travel
and tourism industry for the next five years in the inaugural
WTM Vision Conference held in Milan. According to Euromonitor
International, the country is expected to be the biggest
outbound tourism market of the emerging BRIC (Brazil, Russia,
India and China) economies, reaching a total of 20 million new
outbound departures between 2010 and 2015. The China Tourism
Academy forecast that Chinese international travellers would
spend a record US$55 billion in 2011, an increase of 15%
compared to the US$48 billion spent by Chinese overseas
travellers in 2010. |
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Anantara has announced that it will be opening its first
property in Vietnam in July this year. The Anantara Mui Ne
Resort and Spa will be located next to the town of Phan Thiet in
Binh Thuan Province, along a shoreline spot on a former coconut
plantation. Following a traditional Vietnamese architectural
design, the resort offers 89 rooms, suites and pool villas, as
well as a variety of banqueting, event and meeting facilities,
including five conference rooms for up to 250 participants.
Other facilities at the resort include an open-air seafood
restaurant on the beach and the signature Anantara Spa. |
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Absolute Share Price Performance, as at
29 April 2011 |
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Closing Share Price as at |
29 April 2011 |
22 April 2011 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
6.02 |
6.19 |
-3% |
General Property Group |
3.16 |
3.15 |
– |
Mirvac Group |
1.27 |
1.26 |
1% |
Ocean Capital Limited |
0.19 |
0.19 |
– |
Thakral Holdings Group |
0.47 |
0.46 |
3% |
Living and Leisure Australia Group |
0.028 |
0.024 |
17% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
6.05 |
6.40 |
-5% |
Dusit Thani Public Co Ltd |
37.25 |
38.50 |
-3% |
The Erawan Group Public Co Ltd |
2.56 |
2.60 |
-2% |
Grande Asset Hotels and Property Public Co Ltd |
2.34 |
2.38 |
-2% |
Laguna Resorts & Hotel Public Co Ltd |
77.75 |
71.75 |
8% |
Minor International Public Co Ltd |
12.60 |
12.00 |
5% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
19.86 |
21.26 |
-7% |
Beijing Capital Tourism Co Ltd |
20.99 |
23.01 |
-9% |
Jinling Hotel Corporation Ltd |
9.79 |
10.73 |
-9% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
6.90 |
7.70 |
-10% |
Guangzhou Dong Fang Hotel Co Ltd |
11.79 |
12.45 |
-5% |
Shenzhen Century Plaza Hotel Co Ltd |
6.75 |
6.58 |
3% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
43.23 |
44.48 |
-3% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.50 |
9.52 |
– |
Regal Hotels International Holdings Ltd |
3.49 |
3.48 |
– |
Sino Hotels Holdings Ltd |
2.45 |
2.47 |
-1% |
The Hong Kong & Shanghai Hotels Ltd |
13.68 |
13.80 |
-1% |
Shangri-La Asia Limited |
21.65 |
22.00 |
-2% |
Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
82.05 |
86.95 |
-6% |
EIH (Oberoi Hotels & Resorts) |
86.25 |
89.45 |
-4% |
Hotel Leela Ventures |
41.50 |
42.10 |
-1% |
Korea Exchange (KRW) |
The Shilla |
26,350 |
24,250 |
9% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.43 |
0.44 |
-2% |
Ascott Residence Trust |
1.19 |
1.21 |
-2% |
Banyan Tree Holdings Limited |
0.94 |
0.94 |
– |
CDL HTrust |
2.02 |
2.03 |
– |
Hotel Grand Central Ltd |
0.82 |
0.83 |
-1% |
Hotel Properties Ltd |
2.40 |
2.49 |
-4% |
Mandarin Oriental International Ltd (US$) |
2.12 |
2.08 |
2% |
Pan Pacific Hotels Group Limited |
1.85 |
1.88 |
-2% |
Stamford Land Corporation Ltd |
0.62 |
0.63 |
-2% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
533 |
530 |
1% |
The Ambassador Hotel, Ltd |
47.40 |
47.70 |
-1% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
290,000 |
285,500 |
2% |
Japan Hotel and Resort Inc |
187,000 |
184,800 |
1% |
Imperial Hotel, Ltd |
2,000 |
2,055 |
-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. |