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July 8, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
South Korea Wins Bid To Host 2018 Winter Olympics
Vietnam Sets Record International Arrivals For First Half of 2011
Alila Announces Expansion Plans As Part Of Its Tenth Anniversary Celebration
Singapore Hotels Encouraged To Go Green
New Beijing Airport Expected To Be Operational In 2017
Absolute Share Price Performance, As At 8 July 2011
South Korea Wins Bid To Host 2018 Winter Olympics Return to Headlines

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.

Vietnam Sets Record International Arrivals For First Half of 2011 Return to Headlines

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.

Alila Announces Expansion Plans As Part Of Its Tenth Anniversary Celebration Return to Headlines

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.

Singapore Hotels Encouraged To Go Green Return to Headlines
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.
New Beijing Airport Expected To Be Operational In 2017 Return to Headlines
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.
Absolute Share Price Performance, as at 8 july 2011
Closing Share Price as at 8 July 2011 1 July 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.87 5.86 -
General Property Group 3.11 3.14 -1%
Mirvac Group 1.24 1.23 1%
Ocean Capital Limited 0.19 0.19 -
Thakral Holdings Group 0.55 0.55 1%
Living and Leisure Australia Group 0.021 0.020 5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 9.30 8.35 11%
Dusit Thani Public Co Ltd 37.50 37.00 1%
The Erawan Group Public Co Ltd 2.64 2.46 7%
Grande Asset Hotels and Property Public Co Ltd 1.89 1.88 1%
Laguna Resorts & Hotel Public Co Ltd 54.50 54.00 1%
Minor International Public Co Ltd 11.90 11.40 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 18.16 17.56 3%
Beijing Capital Tourism Co Ltd 17.33 17.63 -2%
Jinling Hotel Corporation Ltd 9.45 9.30 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.06 5.73 6%
Guangzhou Dong Fang Hotel Co Ltd 9.87 9.80 1%
Shenzhen Century Plaza Hotel Co Ltd 6.81 6.54 4%
Home Inns & Hotels Management Inc 38.39 40.35 -5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.40 9.23 2%
Regal Hotels International Holdings Ltd 3.27 3.27 -
Sino Hotels Holdings Ltd 2.50 2.43 3%
The Hong Kong & Shanghai Hotels Ltd 13.12 13.00 1%
Shangri-La Asia Limited 19.92 19.04 5%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 81.90 78.25 5%
EIH (Oberoi Hotels & Resorts) 85.95 86.25 -
Hotel Leela Ventures 42.45 40.90 4%
Korea Exchange (KRW)
The Shilla 26,200 27,050 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.38 0.39 -3%
Ascott Residence Trust 1.19 1.17 2%
Banyan Tree Holdings Limited 0.88 0.82 7%
CDL HTrust 2.12 2.07 2%
Hotel Grand Central Ltd 0.77 0.77 -
Hotel Properties Ltd 2.35 2.32 1%
Mandarin Oriental International Ltd (US$) 2.04 2.10 -3%
Pan Pacific Hotels Group Limited 1.95 1.95 -
Stamford Land Corporation Ltd 0.63 0.62 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 523 545 -4%
The Ambassador Hotel, Ltd 44.00 46.40 -5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 252,300 253,500 -
Japan Hotel and Resort Inc 182,200 185,000 -2%
Imperial Hotel, Ltd 2,010 2,014 -
Return to Headlines
HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
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