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Featured in this Asia Pacific Hospitality Newsletter |
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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.
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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. |
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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. |
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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.
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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. |
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Absolute Share Price Performance, as at
26 August 2011 |
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Closing Share Price as at |
26 August 2011
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19 August 2011
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.36
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5.37
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-
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General Property Group |
2.99
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2.94
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2%
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Mirvac Group |
1.11
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1.04
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6%
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Ocean Capital Limited |
0.14
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0.14
|
-
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Thakral Holdings Group |
0.48
| 0.48
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-1%
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Living and Leisure Australia Group |
0.024
|
0.022
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9%
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
10.50
|
10.60
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-1%
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Dusit Thani Public Co Ltd |
36.50
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37.00
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-1%
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The Erawan Group Public Co Ltd |
2.68
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2.82
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-5%
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Grande Asset Hotels and Property Public Co Ltd |
1.60
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1.79
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-11%
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Laguna Resorts & Hotel Public Co Ltd |
51.75
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55.00
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-6%
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Minor International Public Co Ltd |
12.40
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12.60
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-2%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
18.06
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17.10
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6%
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Beijing Capital Tourism Co Ltd |
18.37
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16.09
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14%
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Jinling Hotel Corporation Ltd |
8.95
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8.74
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2%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
5.62
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5.41
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4%
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Guangzhou Dong Fang Hotel Co Ltd |
10.20
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10.20
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-
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Shenzhen Century Plaza Hotel Co Ltd |
6.44
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6.12
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5%
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
35.43
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35.27
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-
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.35
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8.98
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4%
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Regal Hotels International Holdings Ltd |
2.68
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2.77
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-3%
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Sino Hotels Holdings Ltd |
2.60
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2.60
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-
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The Hong Kong & Shanghai Hotels Ltd |
11.02
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11.28
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-2%
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Shangri-La Asia Limited |
17.02
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18.06
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-6%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
71.90
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68.25
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5%
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EIH (Oberoi Hotels & Resorts) |
86.50
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81.30
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6%
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Hotel Leela Ventures |
36.70
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37.80
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-3%
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Korea Exchange (KRW) |
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The Shilla |
28,700
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30,800
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-7%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.29
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0.29
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-
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Ascott Residence Trust |
1.08
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1.09
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-1%
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Banyan Tree Holdings Limited |
0.70
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0.75
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-7%
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CDL HTrust |
1.73
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1.69
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2%
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Hotel Grand Central Ltd |
0.70
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0.69
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1%
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Hotel Properties Ltd |
1.96
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1.96
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-
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Mandarin Oriental International Ltd (US$) |
1.58
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1.60
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-1%
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Pan Pacific Hotels Group Limited |
1.76
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1.71
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3%
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Stamford Land Corporation Ltd |
0.50
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0.50
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-
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
449
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437
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3%
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The Ambassador Hotel, Ltd |
32.50
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33.80
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-4%
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
221,800
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231,000
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-4%
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Japan Hotel and Resort Inc |
162,751
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171,100
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-5%
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Imperial Hotel, Ltd |
1,911
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1,900
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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. |
