HVS Website
January 28, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Wyndham Continues To Witness Strong Growth In China For 2011
Expansion Plans For New World Hotels
Asia Pacific Remains The Leading Growth Market For Starwood
Carlson Grows Presence In India With 19 New Hotels
Australia’s First Pan Pacific Hotel Opens
Absolute Share Price Performance, As At 28 January 2011
Wyndham Continues To Witness Strong Growth In China For 2011 Return to Headlines
On the back of a successful 2010 in the China hotel market, Wyndham Hotel Group (Wyndham) has continued its growth momentum in 2011 with the signing of the Wyndham Chongqing North Hotel. The 48-storey, 350-room hotel, which is owned by Chongqing Bei Cheng Real Estate Development Co Ltd, will add on to Wyndham’s portfolio of 270 hotels representing over 42,000 rooms in China. Facilities at the Wyndham Chongqing North Hotel include a spa, three restaurants and over 20,000 square feet of meeting space. The hotel is slated to open by end of 2014.
Expansion Plans For New World Hotels Return to Headlines
New World Hotels, the flagship brand of Hong Kong-based New World Hospitality, will be adding five new properties in China by 2014. The locations for these new properties include the capital city of Beijing and also fast-developing cities such as Guiyang and Shenyang. The five new hotels are the 311-room New World Guiyang Hotel, 300-room New World Beijing Hotel, 402-room New World Convention Centre, Shenyang Hotel, 300-room New World Qingyuan Hotel and 350-room New World Haikou Hotel. The group, which currently has seven properties, plans to double its portfolio by 2015.
Asia Pacific Remains The Leading Growth Market For Starwood Return to Headlines
Strong demand on the back of the quick recovery of many Asian economies has made Asia Pacific the leading market for Starwood Hotels and Resorts Worldwide (Starwood). The region will see 40 new Starwood properties by 2011, accounting for more than half of Starwood’s hotel openings for the year. The strongest demand continues to be from Greater China, with half of the new hotel openings in Asia Pacific located there. The group will also be expanding their portfolio in India and Thailand, and will eventually have over 220 hotels in the Asia Pacific region by end of 2011.
Carlson Grows Presence In India With 19 New Hotels Return to Headlines
Carlson has announced plans to step up expansion in India by adding 19 new hotels by the end of 2011. The new openings will span across the company’s four brands, Radisson®, Country Inns & Suites By CarlsonSM, Park Inn® and Park Plaza®. The move is part of the company’s strategy to achieve a global portfolio of more than 1,500 hotels by 2015. As of 2010, Carlson has 33 hotels in operation in India, and the additional 19 hotels will grow the company’s portfolio to over 50 hotels by end of 2011. By 2015, the company aims to have more than 100 hotels in operation across the country.
Australia’s First Pan Pacific Hotel Opens Return to Headlines
Singapore-based Pan Pacific Hotels Group has made its foray into the Australian hotel scene with the opening of the Pan Pacific Perth in Western Australia. The 486-room hotel was rebranded from the former Sheraton Perth, adding a much-needed revitalised hotel property to the Perth area. The move builds on the group’s growth strategy in the Australian market after the introduction of two PARKROYAL properties in the country, the PARKROYAL Darling Harbour, Sydney and PARKROYAL Parramatta in Sydney.
Absolute Share Price Performance, as at 28 January 2011
Closing Share Price as at 28 January 2011 21 January 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.07 5.96 2%
General Property Group 2.96 2.85 4%
Mirvac Group 1.25 1.28 -2%
Ocean Capital Limited 0.24 0.26 -8%
Thakral Holdings Group 0.50 0.52 -4%
Living and Leisure Australia Group 0.029 0.031 -6%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.66 4.82 -3%
Dusit Thani Public Co Ltd 36.75 36.00 2%
The Erawan Group Public Co Ltd 2.20 2.28 -4%
Grande Asset Hotels and Property Public Co Ltd 2.40 3.00 -20%
Laguna Resorts & Hotel Public Co Ltd 57.50 56.00 3%
Minor International Public Co Ltd 10.90 11.40 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  19.93 19.74 1%
Beijing Capital Tourism Co Ltd 22.80 21.25 7%
Jinling Hotel Corporation Ltd 8.89 8.97 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.99 9.94 1%
Guangzhou Dong Fang Hotel Co Ltd 10.00 9.53 5%
Shenzhen Century Plaza Hotel Co Ltd 5.53 5.52
Home Inns & Hotels Management Inc 35.34 36.81 -4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.47 9.55 -1%
Regal Hotels International Holdings Ltd 3.13 3.20 -2%
Sino Hotels Holdings Ltd 2.45 2.54 -4%
The Hong Kong & Shanghai Hotels Ltd 13.68 13.82 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 91.60 96.05 -5%
EIH (Oberoi Hotels & Resorts) 101.00 103.50 -2%
Hotel Leela Ventures 41.65 42.95 -3%
Korea Exchange (KRW)
The Shilla  28,800 26,200 10%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.47 0.47
Ascott Residence Trust 1.21 1.22 -1%
Banyan Tree Holdings Limited 1.16 1.14 2%
CDL HTrust  2.10 2.09
Hotel Grand Central Ltd 0.85 0.86 -1%
Hotel Properties Ltd 2.70 2.76 -2%
Mandarin Oriental International Ltd (US$) 2.20 2.24 -2%
Pan Pacific Hotels Group Limited 1.61 1.61
Shangri-La Asia Limited (HK$) 19.50 20.40 -4%
Stamford Land Corporation Ltd 0.63 0.63
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  505 483 5%
The Ambassador Hotel, Ltd  46.30 45.00 3%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  258,500 260,100 -1%
Japan Hotel and Resort Inc 252,300 249,100 1%
Imperial Hotel, Ltd  2,091 2,057 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
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive emails from our HVS list. You are receiving this email because you have contacted us through our website or through other means. To unsubscribe from future mailings to this list, please send a blank email to: $subst('Email.UnSub').

If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.

You can also contact us by phone or regular mail:

Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
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.

© HVS 2011 Terms of Use | Contact Us