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May 20, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Jakarta Hotel Rebranded As Swiss-Belhotel Property
Asia Pacific Arrivals On The Rise For Q1 2011
Hilton Debuts In New Zealand’s South Island
MGM Hospitality Gets Ambitious In China
Absolute Share Price Performance, As At 20 May 2011
Jakarta Hotel Rebranded As Swiss-Belhotel Property Return to Headlines

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.

Asia Pacific Arrivals On The Rise For Q1 2011 Return to Headlines

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.

Hilton Debuts In New Zealand’s South Island Return to Headlines

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.

MGM Hospitality Gets Ambitious In China Return to Headlines
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.
Absolute Share Price Performance, as at 20 may 2011
Closing Share Price as at 20 May 2011 13 May 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.80 5.90 -2%
General Property Group 3.14 3.12 1%
Mirvac Group 1.28 1.21 5%
Ocean Capital Limited 0.18 0.19 -5%
Thakral Holdings Group 0.58 0.59 -1%
Living and Leisure Australia Group 0.023 0.023
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 7.25 7.10 2%
Dusit Thani Public Co Ltd 37.75 38.50 -2%
The Erawan Group Public Co Ltd 2.60 2.58 1%
Grande Asset Hotels and Property Public Co Ltd 2.46 2.24 10%
Laguna Resorts & Hotel Public Co Ltd 58.75 61.50 -4%
Minor International Public Co Ltd 12.40 12.60 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 19.02 18.88 1%
Beijing Capital Tourism Co Ltd 19.54 20.23 -3%
Jinling Hotel Corporation Ltd 9.87 10.41 -5%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.46 6.79 -5%
Guangzhou Dong Fang Hotel Co Ltd 11.84 11.87
Shenzhen Century Plaza Hotel Co Ltd 7.68 7.90 -3%
Home Inns & Hotels Management Inc 38.69 42.16 -8%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.43 9.50 -1%
Regal Hotels International Holdings Ltd 3.39 3.41 -1%
Sino Hotels Holdings Ltd 2.47 2.50 -1%
The Hong Kong & Shanghai Hotels Ltd 13.12 13.20 -1%
Shangri-La Asia Limited 20.45 20.70 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 79.75 82.30 -3%
EIH (Oberoi Hotels & Resorts) 83.90 84.15
Hotel Leela Ventures 40.60 40.75
Korea Exchange (KRW)
The Shilla 27,600 27,950 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.41 0.42 -2%
Ascott Residence Trust 1.19 1.19
Banyan Tree Holdings Limited 0.89 0.90 -1%
CDL HTrust 2.09 2.06 1%
Hotel Grand Central Ltd 0.76 0.81 -6%
Hotel Properties Ltd 2.40 2.35 2%
Mandarin Oriental International Ltd (US$) 2.10 2.19 -4%
Pan Pacific Hotels Group Limited 1.83 1.75 5%
Stamford Land Corporation Ltd 0.63 0.62 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 531 534 -1%
The Ambassador Hotel, Ltd 46.60 48.90 -5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 254,000 256,600 -1%
Japan Hotel and Resort Inc 177,700 180,000 -1%
Imperial Hotel, Ltd 1,980 1,990 -1%
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Michael Schwarz
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Mark Keith & Daniel Voellm
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Manav Thadani
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Manav Thadani
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Adeline Phua
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David Ling
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