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June 10, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Frasers Hospitality To Increase Presence In Indonesia
New Land Sites For Sale In Singapore
Major Expansion Plans For Ritz-Carlton
Bangkok Set To Be First Southeast Asian City To Offer All Of IHG's Brands
Australia Launches China 2020 Strategic Plan
Absolute Share Price Performance, As At 10 June 2011
Frasers Hospitality To Increase Presence In Indonesia Return to Headlines

Singapore-based Frasers Hospitality has announced further plans to expand into Indonesia after recently making its entry into the country's capital of Jakarta with the opening of the 108-unit Fraser Residence Sudirman. The company is looking into adding three more properties in the country over the next three years to tap into the growing serviced apartment market, eventually adding a further 500 serviced residences to its portfolio in Indonesia. The move will be part of Frasers Hospitality's global expansion strategy to open 25 new properties with 4,300 serviced residences over the next two years.

New Land Sites For Sale In Singapore Return to Headlines

Singapore's Ministry of National Development has announced that up to 43 land sites will be released in the second half of 2011 under the Government Land Sales (GLS) programme. For the residential sector, the sites can collectively provide a potential yield of about 14,200 private residential units, with most of the private residential sites located outside the central region or in locations in the central region where more affordable private housing is expected to be built. As for the other sectors, the rest of the sites in the upcoming GLS will also potentially yield about 268,000 square metres of commercial space and 3,700 hotel rooms.

Major Expansion Plans For Ritz-Carlton Return to Headlines

Ritz-Carlton Hotel Company is embarking on a major global expansion strategy which will eventually see the company operate more than 100 properties worldwide by 2016. The expansion plan will cover the development of 36 hotels and residences globally, several of which will be located in Asia. The new properties in Asia will include hotels in the Chinese cities of Chengdu and Qingdao and also residences in locations such as Singapore and Kuala Lumpur. The Ritz-Carlton Hong Kong, which was opened earlier this year, currently holds the position as the world's highest hotel.

Bangkok Set To Be First Southeast Asian City To Offer All Of IHG's Brands Return to Headlines
InterContinental Hotels Group (IHG) continues to grow its presence in Thailand, with the country's capital set to be the first city in Southeast Asia to offer all of the brands across the group's portfolio. IHG currently has ten hotels operating in Thailand, offering a total of 3,759 rooms. Over the next five years, Thailand will see 11 more IHG hotels, including the first Holiday Inn Express and Hotel Indigo branded hotels in the country. These 11 hotels will grow IHG's portfolio in Thailand to a total of 21 properties offering 5,759 rooms.
Australia Launches China 2020 Strategic Plan Return to Headlines
At the inaugural Australia-China Tourism Summit, Australian Minister for Tourism, Martin Ferguson, unveiled the country's China 2020 Strategic Plan, a document outlining the strategy to boost tourism relations with the growing Chinese market. The summit is part of the government's approximate US$32 million commitment to the Chinese market, which is currently worth over US$3.2 billion a year to Australia and is expected to bring in double this amount yearly to the country's economy within a decade. To tap into this growing potential, Minister Ferguson has made the call for substantial new investment in the Australian tourism industry.
Absolute Share Price Performance, as at 10 june 2011
Closing Share Price as at 10 June 2011 3 June 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.94 5.90 1%
General Property Group 3.11 3.08 1%
Mirvac Group 1.29 1.27 2%
Ocean Capital Limited 0.19 0.19 -
Thakral Holdings Group 0.62 0.58 7%
Living and Leisure Australia Group 0.022 0.022 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 7.70 8.00 -4%
Dusit Thani Public Co Ltd 36.50 37.00 -1%
The Erawan Group Public Co Ltd 2.44 2.58 -5%
Grande Asset Hotels and Property Public Co Ltd 2.04 2.26 -10%
Laguna Resorts & Hotel Public Co Ltd 55.50 58.25 -5%
Minor International Public Co Ltd 11.50 12.00 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.45 17.73 -2%
Beijing Capital Tourism Co Ltd 17.32 17.01 2%
Jinling Hotel Corporation Ltd 9.13 9.17 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.00 6.19 -3%
Guangzhou Dong Fang Hotel Co Ltd 9.74 9.81 -1%
Shenzhen Century Plaza Hotel Co Ltd 6.35 6.37 -
Home Inns & Hotels Management Inc 34.19 39.39 -13%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.50 9.52 -
Regal Hotels International Holdings Ltd 3.34 3.44 -3%
Sino Hotels Holdings Ltd 2.43 2.44 -
The Hong Kong & Shanghai Hotels Ltd 14.00 13.80 1%
Shangri-La Asia Limited 18.94 20.45 -7%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 79.55 81.50 -2%
EIH (Oberoi Hotels & Resorts) 83.60 83.70 -
Hotel Leela Ventures 39.15 39.50 -1%
Korea Exchange (KRW)
The Shilla 27,700 28,250 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.40 0.41 -2%
Ascott Residence Trust 1.17 1.17 -
Banyan Tree Holdings Limited 0.87 0.90 -3%
CDL HTrust 2.04 2.07 -1%
Hotel Grand Central Ltd 0.79 0.79 -
Hotel Properties Ltd 2.34 2.39 -2%
Mandarin Oriental International Ltd (US$) 2.10 2.13 -1%
Pan Pacific Hotels Group Limited 1.96 1.96 -
Stamford Land Corporation Ltd 0.62 0.63 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 530 566 -6%
The Ambassador Hotel, Ltd 45.80 47.70 -4%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 246,500 254,000 -3%
Japan Hotel and Resort Inc 182,500 182,500 -
Imperial Hotel, Ltd 2,017 2,045 -1%
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HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
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Manav Thadani
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Adeline Phua
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David Ling
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