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May 13, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
United Continental Launches New Hong Kong-Tokyo Service Route
Increase In Hotels Expected For Ho Chi Minh City
Fairmont Jakarta To Open By 2014
Holiday Inn Brand Revamp In Thailand Completed
Ovolo’s Flagship Hotel Opens In Hong Kong
Absolute Share Price Performance, As At 13 May 2011
United Continental Launches New Hong Kong-Tokyo Service Route Return to Headlines

United Continental Holdings has announced a new daily direct service route between Hong Kong and Tokyo. This new service, to be operated by Continental Airlines with effect from 31 October this year, is the first operational expansion in Hong Kong since United and Continental merged in 2010. The daily non-stop service between Hong Kong International Airport and Narita International Airport will be operated using a Boeing 737-800 aircraft, offering 14 Business Class and 141 Economy Class seats.

Increase In Hotels Expected For Ho Chi Minh City Return to Headlines

To meet the expected surge in demand for accommodation, the authorities in Ho Chi Minh City (HCMC) are looking at plans to increase the inventory of hotels in the city. HCMC currently has approximately 840 hotels, with the majority of them being one-star rated economy lodgings. In terms of upscale accommodation options, the city has approximately 26 four- and five-star hotels in operation. HCMC’s Department of Culture, Sports & Tourism has commented that they are looking at significantly increasing the current inventory by 2020. However, no specific target figures were announced.

Fairmont Jakarta To Open By 2014 Return to Headlines

Indonesia is set to welcome another luxury hotel in its capital Jakarta by 2014 with the opening of the Fairmont Jakarta. The property will be situated at Senayan Square, located at the south end of the city's central business district. The site will also feature Plaza Senayan and other prime residential and commercial units. Fairmont Jakarta offers 380 guestrooms and 108 Fairmont-branded, long-stay serviced suites, with other facilities including 3,500 square metres of function space and also a 750-square-metre Willow Stream Spa.

Holiday Inn Brand Revamp In Thailand Completed Return to Headlines
InterContinental Hotels Group has recently completed the Thailand phase of its global rebranding exercise for its Holiday Inn brand. The US$1 billion upgrading programme, first announced back in 2007, will give all refurbished Holiday Inn properties a fresh look and feel, together with new facilities to complement it. The revamped Thai properties which have been relaunched recently are the Holiday Inn Chiangmai, Holiday Inn Resort Regent Beach Cha-Am and Holiday Inn Resort Phi Phi. They join the other refurbished Holiday Inns in Silom, Phuket and Bangkok, which were relauched earlier.
Ovolo’s Flagship Hotel Opens In Hong Kong Return to Headlines

Serviced apartment operator Ovolo Group has announced the opening of its flagship hotel in West Kowloon, Hong Kong. The all-suite 63-unit Ovolo 256 Tung Chau Street is within proximity to the Sham Shui Po and Nam Cheong MTR stations, and about 17 minutes’ drive away from Central. The hotel offers two- and three-bedroom units, measuring between 45 and 65 square metres and offering views across the city or harbour. The Ovolo 256 Tung Chau Street is the group’s first property across the Victoria Harbour, expanding into the Kowloon area.

Absolute Share Price Performance, as at 13 may 2011
Closing Share Price as at 13 May 2011 6 May 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.90 6.00 -2%
General Property Group 3.12 3.06 2%
Mirvac Group 1.21 1.20 1%
Ocean Capital Limited 0.19 0.19
Thakral Holdings Group 0.59 0.56 4%
Living and Leisure Australia Group 0.023 0.023
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 7.10 6.30 13%
Dusit Thani Public Co Ltd 38.50 37.50 3%
The Erawan Group Public Co Ltd 2.58 2.46 5%
Grande Asset Hotels and Property Public Co Ltd 2.24 2.16 4%
Laguna Resorts & Hotel Public Co Ltd 61.50 64.50 -5%
Minor International Public Co Ltd 12.60 12.20 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 18.88 20.13 -6%
Beijing Capital Tourism Co Ltd 20.23 20.39 -1%
Jinling Hotel Corporation Ltd 10.41 9.46 10%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.79 6.59 3%
Guangzhou Dong Fang Hotel Co Ltd 11.87 12.41 -4%
Shenzhen Century Plaza Hotel Co Ltd 7.90 7.63 4%
Home Inns & Hotels Management Inc 42.16 40.45 4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.50 9.49
Regal Hotels International Holdings Ltd 3.41 3.41
Sino Hotels Holdings Ltd 2.50 2.50
The Hong Kong & Shanghai Hotels Ltd 13.20 13.50 -2%
Shangri-La Asia Limited 20.70 21.55 -4%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 82.30 79.90 3%
EIH (Oberoi Hotels & Resorts) 84.15 84.10
Hotel Leela Ventures 40.75 40.25 1%
Korea Exchange (KRW)
The Shilla 27,950 25,300 10%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.42 0.43 -2%
Ascott Residence Trust 1.19 1.18 1%
Banyan Tree Holdings Limited 0.90 0.90
CDL HTrust 2.06 2.04 1%
Hotel Grand Central Ltd 0.81 0.77 5%
Hotel Properties Ltd 2.35 2.38 -1%
Mandarin Oriental International Ltd (US$) 2.19 2.11 4%
Pan Pacific Hotels Group Limited 1.75 1.78 -2%
Stamford Land Corporation Ltd 0.62 0.61 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 534 534
The Ambassador Hotel, Ltd 48.90 48.20 1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 256,600 281,000 -9%
Japan Hotel and Resort Inc 180,000 182,400 -1%
Imperial Hotel, Ltd 1,990 1,948 2%
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