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Featured in this Asia Pacific Hospitality Newsletter |
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Best Western has added three new properties to its portfolio - the Best Western Hexagon International Hotel, the Best Western Grand West's Villas and the Best Western Suva Motor Inn. The Best Western Hexagon International Hotel is a mid-scale property with family-friendly facilities such as babysitting services, complimentary airport shuttles and family-friendly apartments. The 20-key Best Western Grand West's Villas feature two-bedroom units located within an expansive tropical setting, while the 47-key Best Western Suva Motor Inn is conveniently located near the city centre and features a cave spa, an infinity swimming pool and a water slide. All three properties are located in Fiji. |
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Hyatt Hotels Corporation welcomed its first Hyatt hotel in Southwest China, with the opening of the Hyatt Regency Guiyang, in the capital of Guizhou Province. Located near government offices and Guanshan Park, the 366-key property is part of the Guiyang International Conference and Exhibition Centre. Facilities in the hotel include five food and beverage outlets, meeting and event facilities, a fitness centre, a spa and an indoor heated swimming pool. Guiyang, the economic and commercial centre of Guizhou Province, is an important producer of metals, machinery and tobacco in China and boasts some of the region's premier tourist attractions, including the Quanlingshan Mountain and the Huangguoshu Waterfall. |
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Millennium & Copthorne Hotels (M&C) will debut in Japan, following the recent JPY9.5 billion (US$95.1 million) purchase of a property located in the Ginza district of Tokyo. Construction of this property is set to be completed by the end of 2014 and the development of this project will be in collaboration with hotel group, Mitsui Garden Hotels, which is owned by Japan's largest property developer, Mitsui Fudosan. The total investment for the acquisition and development is estimated to be JPY14.6 billion. According to M&C Chairman, Kwek Leng Beng, M&C had been trying to break into the Tokyo market since the mid-1990s, which had proven to be challenging due to the high premiums for the Ginza prime real estate area. |
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Singapore Airlines (SIA) will be increasing the frequency of flights to several regions in Southeast Asia, North Asia and the Indian Subcontinent during the Northern Winter operating season. Services boosted include increasing Bangkok flights from four to five per day, twice-daily flights to Tokyo Haneda instead of daily, increasing services to Osaka from ten flights per week to 11, and doubling Guangzhou flights from seven per week to 14. Flights to South Asia will see an increase in frequency of flights between Singapore and Mumbai from 14 to 17 flights per week, an increase in services to Ahmedabad from two to three per week and an increase in Istanbul flights from four to six per week, with three flights that will carry on to Athens. Services to Cape Town will also increase from three flights per week to four.
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Accor has released results from the second quarter of 2011 and revenues have risen by 6.1% compared to Q2 2010 and has grown faster compared to the 5.8% increase seen in the first quarter of the year. This growth was mainly driven by Accor's properties in the Asia Pacific region, with revenues across the upscale segment increasing by 8.1% and 11.7% in the economy segment. The hotel chain has attributed these increases to a steady rise in occupancy and the recovery of average room rates. Having added 13,700 rooms since the beginning of 2011, Accor is on track to meet its target of 30,000 new rooms by the end of the year. |
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Absolute Share Price Performance, as at
22 july 2011 |
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Closing Share Price as at |
22 July 2011
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15 July 2011
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.00
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5.90
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2%
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General Property Group |
3.06
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3.08
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-1%
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Mirvac Group |
1.24
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1.22
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2%
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Ocean Capital Limited |
0.18
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0.18
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-
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Thakral Holdings Group |
0.56
| 0.54
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3%
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Living and Leisure Australia Group |
0.022
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0.021
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5%
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
9.70
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9.30
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4%
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Dusit Thani Public Co Ltd |
36.75
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36.25
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1%
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The Erawan Group Public Co Ltd |
2.90
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2.86
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1%
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Grande Asset Hotels and Property Public Co Ltd |
1.95
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1.93
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1%
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Laguna Resorts & Hotel Public Co Ltd |
58.25
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56.50
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3%
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Minor International Public Co Ltd |
12.80
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12.20
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5%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
17.95
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18.24
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-2%
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Beijing Capital Tourism Co Ltd |
18.27
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17.97
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2%
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Jinling Hotel Corporation Ltd |
9.38
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9.66
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-3%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
6.13
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6.19
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-1%
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Guangzhou Dong Fang Hotel Co Ltd |
10.20
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10.20
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-
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Shenzhen Century Plaza Hotel Co Ltd |
7.43
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7.03
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6%
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
38.26
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37.23
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3%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.50
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9.46
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-
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Regal Hotels International Holdings Ltd |
3.23
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3.19
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1%
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Sino Hotels Holdings Ltd |
2.65
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2.65
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-
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The Hong Kong & Shanghai Hotels Ltd |
12.28
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12.58
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-2%
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Shangri-La Asia Limited |
20.10
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19.88
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1%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
77.00
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79.00
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-3%
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EIH (Oberoi Hotels & Resorts) |
86.20
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86.00
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-
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Hotel Leela Ventures |
47.30
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43.95
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8%
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Korea Exchange (KRW) |
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The Shilla |
31,950
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29,900
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7%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.37
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0.37
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-
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Ascott Residence Trust |
1.21
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1.18
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2%
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Banyan Tree Holdings Limited |
0.86
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0.83
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4%
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CDL HTrust |
2.10
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2.07
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1%
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Hotel Grand Central Ltd |
0.76
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0.76
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-
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Hotel Properties Ltd |
2.27
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2.35
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2%
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Mandarin Oriental International Ltd (US$) |
2.10
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2.05
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2%
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Pan Pacific Hotels Group Limited |
1.95
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1.95
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-
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Stamford Land Corporation Ltd |
0.63
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0.62
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2%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
510
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509
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-
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The Ambassador Hotel, Ltd |
42.55
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43.50
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-2%
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
240,000
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247,400
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-3%
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Japan Hotel and Resort Inc |
183,900
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182,300
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1%
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Imperial Hotel, Ltd |
1,988
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2,000
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-1%
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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
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