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August 26, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hotel Nikko Xiamen Set To Open In September
New Perth Airport Terminal To Start Construction
Kempinski Expands Its Portfolio In China
Malaysia's MICE Market Set For Continued Growth
Great Wall Of China To Be Given A Facelift
Absolute Share Price Performance, As At 26 August 2011
Hotel Nikko Xiamen Set To Open In September Return to Headlines

China is expected to have its ninth hotel from JAL Hotels Co Ltd this coming September. The 436-room Hotel Nikko Xiamen is set to open in the southeast part of Xiamen Island, and will be part of a mixed-use development which will include the Xiamen Software Park and Guanyinshan Business Park, together with other leisure facilities. The Hotel Nikko Xiamen will offer food and beverage outlets such as Japanese and Chinese restaurants and also facilities such as a spa and a fitness centre. On top of these properties in its current portfolio, JAL Hotels also has plans to expand into Guangzhou and Suzhou by 2013.

New Perth Airport Terminal To Start Construction Return to Headlines

According to Westralia Airports Corporation, the owner and operator of Perth Airport, Perth Airport's new domestic terminal is set to begin construction in the month of August. The new terminal will have facilities including a check-in hall with 16 counters, a large central passenger security screening zone, 14 aircraft gates with covered walkways and three baggage reclaim belts, as well as parking and taxi and bus terminals. Construction of the new domestic terminal, which comes at an estimated cost of A$120 million (US$126 million), is slated to be completed in December 2012.

Kempinski Expands Its Portfolio In China Return to Headlines

Kempinki Hotels has continued its growing presence in China with the opening of the Kempinski Hotel Huizhou. Located in the city's Jiangbei District and opposite the Huizhou Exhibition and Convention Centre, the hotel offers 340 rooms, together with a wide range of food and beverage outlets and a Paulaner micro-brewery. Other facilities at the hotel include a spa, a fitness centre, two swimming pools and about 3,000 square metres of meeting space. Kempinski Hotels is expecting to add four more properties in China by the end of the year, with five more scheduled to follow in 2012.

Malaysia's MICE Market Set For Continued Growth Return to Headlines
The Malaysia Convention and Exhibition Bureau (MCEB) expects continual growth for the country's MICE market as it builds on its solid performance in the sector over the past couple of years. According to MCEB, 28 convention bids worth MYR438 million (US$146 million) were supported by the Bureau last year, and under the MyCEB campaign, 16 events have already been secured for 2011 with 33 others currently in the works. MCEB has also stated that it plans to build on the MICE sector to drive up business travel from 5% of total arrivals to 8% by 2020. To work towards this target, MyCEB has launched a new international events unit and also an industry partnership programme to encourage local associations to bid for hosting rights at international conferences.
Great Wall Of China To Be Given A Facelift Return to Headlines
China is set to commence on a major renovation project on its famed wonder - The Great Wall. The project, which has a budget of approximately RMB41.8 million (US$6.6 million), will cover a stretch of the wall in the Huairou district of the northern part of the city. Focusing on a 3,553-metre stretch of the wall encompassing 25 watchtowers, the project's aim is to prevent collapse around some loose sections, as well as the removal of potentially dangerous problems and the strengthening of the main body of the wall. The renovation project is scheduled to be completed by 2012.
Absolute Share Price Performance, as at 26 August 2011
Closing Share Price as at 26 August 2011 19 August 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.36 5.37 -
General Property Group 2.99 2.94 2%
Mirvac Group 1.11 1.04 6%
Ocean Capital Limited 0.14 0.14 -
Thakral Holdings Group 0.48 0.48 -1%
Living and Leisure Australia Group 0.024 0.022 9%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.50 10.60 -1%
Dusit Thani Public Co Ltd 36.50 37.00 -1%
The Erawan Group Public Co Ltd 2.68 2.82 -5%
Grande Asset Hotels and Property Public Co Ltd 1.60 1.79 -11%
Laguna Resorts & Hotel Public Co Ltd 51.75 55.00 -6%
Minor International Public Co Ltd 12.40 12.60 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 18.06 17.10 6%
Beijing Capital Tourism Co Ltd 18.37 16.09 14%
Jinling Hotel Corporation Ltd 8.95 8.74 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.62 5.41 4%
Guangzhou Dong Fang Hotel Co Ltd 10.20 10.20 -
Shenzhen Century Plaza Hotel Co Ltd 6.44 6.12 5%
Home Inns & Hotels Management Inc 35.43 35.27 -
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.35 8.98 4%
Regal Hotels International Holdings Ltd 2.68 2.77 -3%
Sino Hotels Holdings Ltd 2.60 2.60 -
The Hong Kong & Shanghai Hotels Ltd 11.02 11.28 -2%
Shangri-La Asia Limited 17.02 18.06 -6%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 71.90 68.25 5%
EIH (Oberoi Hotels & Resorts) 86.50 81.30 6%
Hotel Leela Ventures 36.70 37.80 -3%
Korea Exchange (KRW)
The Shilla 28,700 30,800 -7%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.29 0.29 -
Ascott Residence Trust 1.08 1.09 -1%
Banyan Tree Holdings Limited 0.70 0.75 -7%
CDL HTrust 1.73 1.69 2%
Hotel Grand Central Ltd 0.70 0.69 1%
Hotel Properties Ltd 1.96 1.96 -
Mandarin Oriental International Ltd (US$) 1.58 1.60 -1%
Pan Pacific Hotels Group Limited 1.76 1.71 3%
Stamford Land Corporation Ltd 0.50 0.50 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 449 437 3%
The Ambassador Hotel, Ltd 32.50 33.80 -4%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 221,800 231,000 -4%
Japan Hotel and Resort Inc 162,751 171,100 -5%
Imperial Hotel, Ltd 1,911 1,900 1%
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Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
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Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
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David Ling
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