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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
28 January 2011 |
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Closing Share Price as at |
28 January 2011 |
21 January 2011 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.07 |
5.96 |
2% |
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General Property Group |
2.96 |
2.85 |
4% |
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Mirvac Group |
1.25 |
1.28 |
-2% |
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Ocean Capital Limited |
0.24 |
0.26 |
-8% |
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Thakral Holdings Group |
0.50 |
0.52 |
-4% |
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Living and Leisure Australia Group |
0.029 |
0.031 |
-6% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.66 |
4.82 |
-3% |
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Dusit Thani Public Co Ltd |
36.75 |
36.00 |
2% |
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The Erawan Group Public Co Ltd |
2.20 |
2.28 |
-4% |
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Grande Asset Hotels and Property Public Co Ltd |
2.40 |
3.00 |
-20% |
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Laguna Resorts & Hotel Public Co Ltd |
57.50 |
56.00 |
3% |
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Minor International Public Co Ltd |
10.90 |
11.40 |
-4% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
19.93 |
19.74 |
1% |
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Beijing Capital Tourism Co Ltd |
22.80 |
21.25 |
7% |
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Jinling Hotel Corporation Ltd |
8.89 |
8.97 |
-1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.99 |
9.94 |
1% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.00 |
9.53 |
5% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.53 |
5.52 |
– |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
35.34 |
36.81 |
-4% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.47 |
9.55 |
-1% |
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Regal Hotels International Holdings Ltd |
3.13 |
3.20 |
-2% |
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Sino Hotels Holdings Ltd |
2.45 |
2.54 |
-4% |
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The Hong Kong & Shanghai Hotels Ltd |
13.68 |
13.82 |
-1% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
91.60 |
96.05 |
-5% |
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EIH (Oberoi Hotels & Resorts) |
101.00 |
103.50 |
-2% |
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Hotel Leela Ventures |
41.65 |
42.95 |
-3% |
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Korea Exchange (KRW) |
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The Shilla |
28,800 |
26,200 |
10% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.47 |
0.47 |
– |
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Ascott Residence Trust |
1.21 |
1.22 |
-1% |
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Banyan Tree Holdings Limited |
1.16 |
1.14 |
2% |
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CDL HTrust |
2.10 |
2.09 |
– |
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Hotel Grand Central Ltd |
0.85 |
0.86 |
-1% |
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Hotel Properties Ltd |
2.70 |
2.76 |
-2% |
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Mandarin Oriental International Ltd (US$) |
2.20 |
2.24 |
-2% |
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Pan Pacific Hotels Group Limited |
1.61 |
1.61 |
– |
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Shangri-La Asia Limited (HK$) |
19.50 |
20.40 |
-4% |
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Stamford Land Corporation Ltd |
0.63 |
0.63 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
505 |
483 |
5% |
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The Ambassador Hotel, Ltd |
46.30 |
45.00 |
3% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
258,500 |
260,100 |
-1% |
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Japan Hotel and Resort Inc |
252,300 |
249,100 |
1% |
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Imperial Hotel, Ltd |
2,091 |
2,057 |
2% |
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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. |
