HVS Website
September 16, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
China and India Key To Travel Industry Growth
First Formule 1 Property Opens In New Zealand
Days Inn Brand To Enter Thailand
Suvarnabhumi's Domestic Terminal To Undergo Expansion
Ascott to Manage Two More Properties in China
Absolute Share Price Performance, As At 16 September 2011
China and India Key To Travel Industry Growth Return to Headlines

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.

First Formule 1 Property Opens In New Zealand Return to Headlines

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.

Days Inn Brand To Enter Thailand Return to Headlines

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.

Suvarnabhumi's Domestic Terminal To Undergo Expansion Return to Headlines
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.
Ascott to Manage Two More Properties in China Return to Headlines
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.
Absolute Share Price Performance, as at 16 September 2011
Closing Share Price as at 16 September 2011 9 September 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.43 5.45 0%
General Property Group 3.19 3.11 3%
Mirvac Group 1.17 1.15 2%
Ocean Capital Limited 0.16 0.15 3%
Thakral Holdings Group 0.51 0.54 -6%
Living and Leisure Australia Group 0.019 0.020 -5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 9.15 10.30 -11%
Dusit Thani Public Co Ltd 36.50 36.75 -1%
The Erawan Group Public Co Ltd 2.54 2.66 -5%
Grande Asset Hotels and Property Public Co Ltd 1.60 1.69 -5%
Laguna Resorts & Hotel Public Co Ltd 52.00 51.50 1%
Minor International Public Co Ltd 12.20 12.50 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 18.90 20.04 -6%
Beijing Capital Tourism Co Ltd 17.52 17.96 -2%
Jinling Hotel Corporation Ltd 8.59 8.74 -2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.82 5.95 -2%
Guangzhou Dong Fang Hotel Co Ltd 10.20 10.20 -
Shenzhen Century Plaza Hotel Co Ltd 6.26 6.95 -10%
Home Inns & Hotels Management Inc 36.39 35.57 2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.15 9.20 -1%
Regal Hotels International Holdings Ltd 2.57 2.67 -4%
Sino Hotels Holdings Ltd 2.56 2.56 -
The Hong Kong & Shanghai Hotels Ltd 11.26 11.48 -2%
Shangri-La Asia Limited 15.26 17.22 -11%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 72.00 72.20 -
EIH (Oberoi Hotels & Resorts) 89.50 88.80 1%
Hotel Leela Ventures 37.40 38.00 -2%
Korea Exchange (KRW)
The Shilla 32,500 31,700 3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.32 0.32 -
Ascott Residence Trust 1.08 1.09 -1%
Banyan Tree Holdings Limited 0.69 0.69 -
CDL HTrust 1.71 1.75 -2%
Hotel Grand Central Ltd 0.70 0.70 -
Hotel Properties Ltd 2.04 2.00 2%
Mandarin Oriental International Ltd (US$) 1.56 1.65 -5%
Pan Pacific Hotels Group Limited 1.95 1.93 1%
Stamford Land Corporation Ltd 0.51 0.50 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 431 467 -8%
The Ambassador Hotel, Ltd 34.60 36.70 -6%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 221,000 226,900 -3%
Japan Hotel and Resort Inc 165,700 171,400 -3%
Imperial Hotel, Ltd 1,863 1,889 -1%
Return to Headlines
HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive emails from our HVS list. You are receiving this email because you have contacted us through our website or through other means. To unsubscribe from future mailings to this list, please send a blank email to: $subst('Email.UnSub').

If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.

You can also contact us by phone or regular mail:

Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
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.

HVS 2011 Terms of Use | Contact Us