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Featured in this Asia Pacific Hospitality Newsletter |
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Hong-Kong based Swiss-Belhotel International has completed a
deal to take over the operations of a four-star hotel in
Jakarta. The hotel, formerly known as Grand Flora, will now be
rebranded as Arion Swiss-Belhotel Kemang, making it the hotel
company’s third property in the capital city of Indonesia. The
hotel offers 94 guestrooms, including other supporting
facilities such as a restaurant with outdoor terrace, a bar and
a spa. With the Arion Swiss-Belhotel Kemang, Swiss-Belhotel now
has 20 properties in operation in the Indonesian archipelago. |
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According to preliminary figures released by the Pacific Asia
Travel Association, international visitor arrivals into Asia and
the Pacific have shown a year-on-year increase of 5% for the
first quarter of 2011. This is driven by the strong performance
for South and Southeast Asia, which grew by 13% and 10% in terms
of visitor arrivals for the quarter, respectively. However, the
earthquake and tsunami disaster in Japan has inevitably affected
its inbound and outbound travel flows, with neighbouring
destinations including China, Hong Kong and South Korea
recording subsequent declines in the number of Japanese visitors
for the first quarter of the year. |
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Hilton Hotels & Resorts has made its foray into New Zealand’s
South Island with the opening of the 178-key Hilton Queenstown.
Located on the banks of Lake Wakatipu, all rooms at the property
will include fireplaces, floor-to-ceiling windows, a separate
lounge area and private balcony or deck. The Hilton Queenstown
will also see the debut of the group’s new global spa brand –
eforea: spa at Hilton. Together with the group’s other
properties in cities such as Auckland and Taupo, the Hilton
Queenstown is expected to play an essential role in growing the
presence of the Hilton brand in the country. |
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MGM Hospitality, the non-gaming division of Las Vegas-based MGM
Resorts International, is planning to raise its game in its
expansion into China. The division has made known that it may
open as many as 30 hotels in China in the next three to four
years to tap on increasing demand for luxury travel in the
country. Currently, MGM Hospitality has nine projects under
development in China, in cities such as Shanghai and Ningbo.
This constitutes almost half of the division’s development
pipeline in the Asia Pacific region, which includes projects in
Kuala Lumpur, Singapore and Jakarta. |
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Absolute Share Price Performance, as at
20 may 2011 |
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Closing Share Price as at |
20 May 2011 |
13 May 2011 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.80 |
5.90 |
-2% |
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General Property Group |
3.14 |
3.12 |
1% |
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Mirvac Group |
1.28 |
1.21 |
5% |
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Ocean Capital Limited |
0.18 |
0.19 |
-5% |
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Thakral Holdings Group |
0.58 |
0.59 |
-1% |
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Living and Leisure Australia Group |
0.023 |
0.023 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
7.25 |
7.10 |
2% |
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Dusit Thani Public Co Ltd |
37.75 |
38.50 |
-2% |
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The Erawan Group Public Co Ltd |
2.60 |
2.58 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
2.46 |
2.24 |
10% |
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Laguna Resorts & Hotel Public Co Ltd |
58.75 |
61.50 |
-4% |
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Minor International Public Co Ltd |
12.40 |
12.60 |
-2% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
19.02 |
18.88 |
1% |
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Beijing Capital Tourism Co Ltd |
19.54 |
20.23 |
-3% |
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Jinling Hotel Corporation Ltd |
9.87 |
10.41 |
-5% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
6.46 |
6.79 |
-5% |
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Guangzhou Dong Fang Hotel Co Ltd |
11.84 |
11.87 |
– |
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Shenzhen Century Plaza Hotel Co Ltd |
7.68 |
7.90 |
-3% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
38.69 |
42.16 |
-8% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.43 |
9.50 |
-1% |
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Regal Hotels International Holdings Ltd |
3.39 |
3.41 |
-1% |
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Sino Hotels Holdings Ltd |
2.47 |
2.50 |
-1% |
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The Hong Kong & Shanghai Hotels Ltd |
13.12 |
13.20 |
-1% |
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Shangri-La Asia Limited |
20.45 |
20.70 |
-1% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
79.75 |
82.30 |
-3% |
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EIH (Oberoi Hotels & Resorts) |
83.90 |
84.15 |
– |
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Hotel Leela Ventures |
40.60 |
40.75 |
– |
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Korea Exchange (KRW) |
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The Shilla |
27,600 |
27,950 |
-1% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.41 |
0.42 |
-2% |
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Ascott Residence Trust |
1.19 |
1.19 |
– |
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Banyan Tree Holdings Limited |
0.89 |
0.90 |
-1% |
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CDL HTrust |
2.09 |
2.06 |
1% |
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Hotel Grand Central Ltd |
0.76 |
0.81 |
-6% |
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Hotel Properties Ltd |
2.40 |
2.35 |
2% |
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Mandarin Oriental International Ltd (US$) |
2.10 |
2.19 |
-4% |
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Pan Pacific Hotels Group Limited |
1.83 |
1.75 |
5% |
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Stamford Land Corporation Ltd |
0.63 |
0.62 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
531 |
534 |
-1% |
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The Ambassador Hotel, Ltd |
46.60 |
48.90 |
-5% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
254,000 |
256,600 |
-1% |
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Japan Hotel and Resort Inc |
177,700 |
180,000 |
-1% |
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Imperial Hotel, Ltd |
1,980 |
1,990 |
-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
HVS Singapore. |
