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Featured in this Asia Pacific Hospitality Newsletter |
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South Korea's Pyeongchang county has been selected by the International Olympic Committee to host the 2018 Winter Olympics. Located in the southeastern part of the country, Pyeongchang received 95 votes, convincingly beating the other candidates, Munich in Germany and Annecy in France. Pyeongchang's victory comes after two previous failed attempts for the 2010 and 2014 Games. This is the first time South Korea is representing Asia to host the event, as Japan was the host for the previous editions when it was held in Asia. |
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According to figures released by Vietnam National Administration of Tourism (VNAT), international visitor arrivals to Vietnam reached 2.97 million in the first six months of this year. This translates to an 18.1% increase over the same period last year, and also sets a record for the first half of a year. VNAT has indicated that this strong growth was driven largely by Chinese visitor arrivals, which increased by more than 50% year-on-year to hit 662,600 visitors, making it by far Vietnam's largest feeder market. The other top feeder markets, including South Korea, Japan and the USA, all saw year-on-year increases in arrivals as well. |
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Alila Announces Expansion Plans As Part Of Its Tenth Anniversary Celebration |
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Alila Hotels and Resorts marks its tenth anniversary in the hospitality industry with plans to expand its network of properties and double its portfolio by 2014. The upcoming pipeline will include their first property in Europe and also new resorts in India, Cambodia, Vietnam and China. The Alila brand has been associated with contemporary designs, commitment to sustainability and innovative destination experiences. The group currently has nine properties located in Indonesia, India and Southeast Asia. |
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The 3R (Reduce, Reuse, Recycle) Programme, an initiative aimed at helping hotels achieve better waste management and increase recycling rates, has been launched for the hotels in Singapore. A joint collaboration between Singapore Hotels Association (SHA) and the National Environment Agency (NEA), this programme is part of NEA's effort to encourage different industry sectors to play their part in achieving the recycling rate target of 70% by 2030. Estimated figures have shown that hotels in Singapore produce about 60,000 tonnes of solid waste a year and less than 10% of the waste is being recycled. Approximately 35% of SHA-member hotels have already signed up for the 3R programme.
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According to the China Daily, the timetable for the construction of the new airport in Beijing has been drafted and its inaugural flight is expected to take off in October 2017. The new airport is said to be located in Daxing District in the south of the city, covering an area of approximately 55 square kilometres and equipped with nine runways. The new airport is expected to handle a capacity of 400 million travellers annually, providing much needed support for the heavy traffic flow at the current airport, as well as promoting infrastructural development in southern Beijing. |
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Absolute Share Price Performance, as at
8 july 2011 |
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Closing Share Price as at |
8 July 2011
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1 July 2011
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.87
|
5.86
|
-
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General Property Group |
3.11
|
3.14
|
-1%
|
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Mirvac Group |
1.24
|
1.23
|
1%
|
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Ocean Capital Limited |
0.19
|
0.19
|
-
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Thakral Holdings Group |
0.55
| 0.55
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1%
|
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Living and Leisure Australia Group |
0.021
|
0.020
|
5%
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
9.30
|
8.35
|
11%
|
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Dusit Thani Public Co Ltd |
37.50
|
37.00
|
1%
|
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The Erawan Group Public Co Ltd |
2.64
|
2.46
|
7%
|
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Grande Asset Hotels and Property Public Co Ltd |
1.89
|
1.88
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1%
|
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Laguna Resorts & Hotel Public Co Ltd |
54.50
|
54.00
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1%
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Minor International Public Co Ltd |
11.90
|
11.40
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4%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
18.16
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17.56
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3%
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Beijing Capital Tourism Co Ltd |
17.33
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17.63
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-2%
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Jinling Hotel Corporation Ltd |
9.45
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9.30
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2%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
6.06
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5.73
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6%
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Guangzhou Dong Fang Hotel Co Ltd |
9.87
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9.80
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1%
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Shenzhen Century Plaza Hotel Co Ltd |
6.81
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6.54
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4%
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
38.39
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40.35
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-5%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.40
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9.23
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2%
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Regal Hotels International Holdings Ltd |
3.27
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3.27
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-
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Sino Hotels Holdings Ltd |
2.50
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2.43
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3%
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The Hong Kong & Shanghai Hotels Ltd |
13.12
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13.00
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1%
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Shangri-La Asia Limited |
19.92
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19.04
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5%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
81.90
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78.25
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5%
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EIH (Oberoi Hotels & Resorts) |
85.95
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86.25
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-
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Hotel Leela Ventures |
42.45
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40.90
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4%
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Korea Exchange (KRW) |
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The Shilla |
26,200
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27,050
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-3%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.38
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0.39
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-3%
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Ascott Residence Trust |
1.19
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1.17
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2%
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Banyan Tree Holdings Limited |
0.88
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0.82
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7%
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CDL HTrust |
2.12
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2.07
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2%
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Hotel Grand Central Ltd |
0.77
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0.77
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-
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Hotel Properties Ltd |
2.35
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2.32
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1%
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Mandarin Oriental International Ltd (US$) |
2.04
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2.10
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-3%
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Pan Pacific Hotels Group Limited |
1.95
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1.95
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-
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Stamford Land Corporation Ltd |
0.63
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0.62
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2%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
523
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545
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-4%
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The Ambassador Hotel, Ltd |
44.00
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46.40
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-5%
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
252,300
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253,500
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-
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Japan Hotel and Resort Inc |
182,200
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185,000
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-2%
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Imperial Hotel, Ltd |
2,010
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2,014
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-
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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. |
