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Featured in this Asia Pacific Hospitality Newsletter |
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According to Pacific Asia Travel Association, China and India will account for more than 150 million outbound tourists by 2010. The number of Indian and Chinese visitors to Asia Pacific in the first half of 2011 has seen a growth of 12.9% and 18.1% respectively, exceeding the overall 5% increase in arrivals to the region in the same period. Chinese arrivals to South and Southeast Asia have grown by 58.0% and 44.2% respectively, while Indian arrivals to neighbouring South Asian nations have increased by 47.5%. The online sector has been a strong driving force behind the increase in travel by Indian and Chinese consumers. In India, 57% of travellers use an internet search engine and 45% use an online travel agent to source for their information. In China, majority of travellers use the internet to research their travel plans, however the bulk of them still book their trips via their travel agent.
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Accor's budget brand, Formule 1, has opened its first property in New Zealand. Located in Auckland, the Formule 1 Auckland Airport Hotel features 120 double, twin and quadruple shared rooms, and five large special-access rooms in Formule 1's new Cocoon concept. The hotel is part of a large new accommodation and hospitality complex at the airport, which includes food and beverage outlets, a post office, a supermarket, a bank and a nearby camper-van hire. Accor is planning a major expansion for the Formule 1 brand across the Asia Pacific region. |
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The Wyndham Hotel Group has announced the entrance of its Days Inn brand into Thailand, following the signing of a management contract on the new Days Hotel in Phuket Town. This will increase the brand's current Asia Pacific portfolio of 44 properties, with a combined room inventory of more than 7,000 rooms. The two-storey property will feature 120 rooms, an outdoor swimming pool, gym, spa, pool bar, an all day dining restaurant and meeting facilities. The Days Hotel Phuket Town will be located close to leisure and entertainment facilities and is scheduled to open in April 2013. |
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Thailand has approved Airports of Thailand's plan to carry out the construction of a new domestic terminal at Bangkok's Suvarnabhumi Airport. The new domestic terminal will be capable of handling 20 million passengers and this project is expected to cost an estimated THB9.2 billion (US$306 million). The development of a new domestic terminal is part of THB62 billion (US$2.03 billion) plan to expand Suvarnabhumi Airport's total annual capacity to 65 million passengers. Currently, Suvarnabhumi Airport is able to handle 45 million passengers annually, however the airport is likely to exceed this capacity by an estimated two million passengers in 2011. A further phase of expansion will see the airport's annual capacity increase to more than 100 million passengers by 2024.
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The Ascott Limited has signed contracts to manage two additional properties in China - The Ascott Financial City Chengdu and the Somerset Wangjing Beijing. The Ascott Financial City Chengdu will feature 181 units and is the first Ascott-branded service residence in the capital of Sichuan province. The property is part of the 58-storey Chengdu Financial City twin-tower development comprising Grade A offices and entertainment facilities and is expected to open in 2014. The 187-unit Somerset Wangjing Beijing is located in the Beijing's Wangjing business area, in the Chaoyang District and is scheduled to open in 2013. With the addition of these two properties, Ascott has strengthened its position as the largest international serviced residence owner-operator in China and is on track to achieve a portfolio of over 12,000 apartment units in China by 2015. |
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Absolute Share Price Performance, as at
16 September 2011 |
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Closing Share Price as at |
16 September 2011
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9 September 2011
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.43
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5.45
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0%
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General Property Group |
3.19
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3.11
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3%
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Mirvac Group |
1.17
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1.15
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2%
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Ocean Capital Limited |
0.16
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0.15
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3%
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Thakral Holdings Group |
0.51
| 0.54
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-6%
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Living and Leisure Australia Group |
0.019
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0.020
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-5%
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
9.15
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10.30
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-11%
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Dusit Thani Public Co Ltd |
36.50
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36.75
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-1%
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The Erawan Group Public Co Ltd |
2.54
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2.66
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-5%
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Grande Asset Hotels and Property Public Co Ltd |
1.60
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1.69
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-5%
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Laguna Resorts & Hotel Public Co Ltd |
52.00
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51.50
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1%
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Minor International Public Co Ltd |
12.20
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12.50
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-2%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
18.90
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20.04
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-6%
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Beijing Capital Tourism Co Ltd |
17.52
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17.96
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-2%
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Jinling Hotel Corporation Ltd |
8.59
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8.74
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-2%
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
5.82
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5.95
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-2%
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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 |
6.26
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6.95
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-10%
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NASDAQ (US$) |
Home Inns & Hotels Management Inc |
36.39
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35.57
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2%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.15
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9.20
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-1%
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Regal Hotels International Holdings Ltd |
2.57
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2.67
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-4%
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Sino Hotels Holdings Ltd |
2.56
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2.56
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-
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The Hong Kong & Shanghai Hotels Ltd |
11.26
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11.48
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-2%
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Shangri-La Asia Limited |
15.26
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17.22
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-11%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
72.00
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72.20
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-
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EIH (Oberoi Hotels & Resorts) |
89.50
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88.80
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1%
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Hotel Leela Ventures |
37.40
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38.00
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-2%
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Korea Exchange (KRW) |
The Shilla |
32,500
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31,700
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3%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.32
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0.32
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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 |
0.69
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0.69
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-
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CDL HTrust |
1.71
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1.75
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-2%
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Hotel Grand Central Ltd |
0.70
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0.70
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-
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Hotel Properties Ltd |
2.04
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2.00
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2%
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Mandarin Oriental International Ltd (US$) |
1.56
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1.65
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-5%
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Pan Pacific Hotels Group Limited |
1.95
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1.93
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1%
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Stamford Land Corporation Ltd |
0.51
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0.50
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2%
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
431
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467
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-8%
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The Ambassador Hotel, Ltd |
34.60
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36.70
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-6%
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Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
221,000
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226,900
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-3%
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Japan Hotel and Resort Inc |
165,700
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171,400
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-3%
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Imperial Hotel, Ltd |
1,863
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1,889
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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. |