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March 18, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
How Can Hotels Keep Up With Changing Consumer Patterns?
Fairmont Nanjing To Open In 2012
Best Western Aims For 100 Hotels In India By 2017
Record Number Of Taiwan Tourists To China for 2010
Two New Properties In Asia Pacific For Wyndham
Absolute Share Price Performance, As At 18 March 2011
How Can Hotels Keep Up With Changing Consumer Patterns? Return to Headlines

Consumption patterns, spending habits and profiles of travellers are constantly changing. While people are now spending more during their travels, overnight stays are becoming shorter in duration. To keep up with these changing patterns of travellers who are expecting more value for money, implementing new business models is a critical success factor for hotels and travel destinations.

The one-week ‘Mountain’, ‘Forest/Lake or Vineyard’ and/or ‘Island’ holiday package is one such model that has proven to be successful and effective. One- or two-week holiday packages offer guests a variety of overnight stay options in varied geographical, ecological and physical environments. These packages are often supported by diverse cultural, culinary, educational, and recreational, health and wellness facilities and activities.

In addition to the big picture that will be presented at China Hotel Investment Conference (CHIC 2011) in the keynote sessions ‘Chinese Consumer Trends’ and ‘Insights into the Chinese Travellers’, a further breakout session, ‘Expanding the Vacation Experience Opportunities’, will discuss the above model in detail.

The breakout session will feature Bruce MacDougall, Director, Atkins Shanghai as presenter, and Michel van der Hoeven, Senior Vice President Development, Minor International PCL (MINT) and Bruce MacDougall Director, Atkins Shanghai as panellists. A resort master planner’s view on how destination resort development hotels can position themselves as boutique, multi-site, multi-experience destinations with a strong focus on service, quality and privacy will also be presented during this session.

CHIC 2011 will also be featuring an exciting and informative series of sessions covering hoteliers’ insights and case studies in increasing market share.

Register now or visit www.chinahotelconference.com for more information.

Fairmont Nanjing To Open In 2012 Return to Headlines

Fairmont Hotels and Resorts has announced that the Fairmont Nanjing will be opening in late 2012. Developed by Jiangsu Golden Land Group Real Estate Development Col Ltd, the 371-key hotel will be situated in the city’s commercial district of Hexi New Town. Fairmont Nanjing will be part of the Jin Ao Plaza development, a 56-storey building which also includes office and retail space together with residential units. Together with the Fairmont Haitang Bay Resort, Sanya, which is scheduled to open in 2013, the new hotel will grow the group’s portfolio of properties in China to five hotels.

Best Western Aims For 100 Hotels In India By 2017 Return to Headlines

Best Western International plans to expand its presence in India in the coming years, targeting 100 hotels in India by 2017. This will grow the group’s portfolio in the country to approximately 10,000 rooms. Currently there are 18 Best Western-affiliated hotels in India, amounting to about 1,000 rooms. Half of the 100 planned properties will be under the Best Western brand, and the other half will be represented by the other brands under the group, namely the upscale Best Western Premier and the mid-scale Best Western Plus.

Record Number Of Taiwan Tourists To China for 2010 Return to Headlines

According to figures from the Cross-Straits Tourism Exchange Association (CTEA), 2010 saw a record number of Taiwan tourists visiting mainland China. The figure recorded was at 5.14 million people, an increase of 14.6% from 2009, marking the first time the number of Taiwanese cross-strait tourists has exceeded five million in a single year. This has translated to tourism revenues of approximately US$5.74 billion from Taiwanese visitors for 2010. The record number has been attributed to a greater number of flight services and major events such as the World Expo in Shanghai and the Asian Games in Guangzhou.

Two New Properties In Asia Pacific For Wyndham Return to Headlines

Wyndham Hotel Group continues its development in Asia Pacific with two upcoming resorts located in Sanya, China and Khao Lak, Thailand, respectively. The 403-key Wyndham Sanya Resort, scheduled to open in January 2014, will offer convenient access to the beach and also scenic views of the Sanya Bay. On the other hand, the 134-key Wyndham Khao Lak Resort is currently under construction and is expected to open later this year. On top of its guestrooms, this beachfront resort will also offer 66 villas and three food and beverage outlets.

Absolute Share Price Performance, as at 18 March 2011
Closing Share Price as at 18 March 2011 11 March 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.00 5.97 1%
General Property Group 2.97 3.03 -2%
Mirvac Group 1.24 1.26 -2%
Ocean Capital Limited 0.20 0.20
Thakral Holdings Group 0.49 0.50 -2%
Living and Leisure Australia Group 0.027 0.029 -7%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.05 4.98 1%
Dusit Thani Public Co Ltd 39.00 39.50 -1%
The Erawan Group Public Co Ltd 2.22 2.22
Grande Asset Hotels and Property Public Co Ltd 2.80 2.84 -1%
Laguna Resorts & Hotel Public Co Ltd 63.50 64.25 -1%
Minor International Public Co Ltd 10.60 11.10 -5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 20.31 21.97 -8%
Beijing Capital Tourism Co Ltd 23.55 24.80 -5%
Jinling Hotel Corporation Ltd 9.69 9.86 -2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.58 9.93 -4%
Guangzhou Dong Fang Hotel Co Ltd 10.48 10.82 -3%
Shenzhen Century Plaza Hotel Co Ltd 6.17 6.22 -1%
Home Inns & Hotels Management Inc 39.86 39.51 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.27 9.60 -3%
Regal Hotels International Holdings Ltd 3.07 3.15 -3%
Sino Hotels Holdings Ltd 2.50 2.60 -4%
The Hong Kong & Shanghai Hotels Ltd 13.96 14.00
Shangri-La Asia Limited 19.10 19.76 -3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 77.25 79.80 -3%
EIH (Oberoi Hotels & Resorts) 81.05 76.50 6%
Hotel Leela Ventures 36.60 37.85 -3%
Korea Exchange (KRW)
The Shilla 24,300 25,400 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.42 0.42
Ascott Residence Trust 1.12 1.19 -6%
Banyan Tree Holdings Limited 0.80 0.98 -18%
CDL HTrust 1.89 2.00 -6%
Hotel Grand Central Ltd 0.80 0.80
Hotel Properties Ltd 2.27 2.44 -7%
Mandarin Oriental International Ltd (US$) 1.99 2.05 -3%
Pan Pacific Hotels Group Limited 1.57 1.59 -1%
Stamford Land Corporation Ltd 0.58 0.61 -5%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 449 504 -11%
The Ambassador Hotel, Ltd 40.40 45.05 -10%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 227,400 261,700 -13%
Japan Hotel and Resort Inc 189,800 250,100 -24%
Imperial Hotel, Ltd 1,927 2,160 -11%
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Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
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Manav Thadani
HVS New Delhi
Manav Thadani
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Adeline Phua
HVS Singapore
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