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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
13 may 2011 |
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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% |
NASDAQ (US$) |
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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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. |