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Featured in this Asia Pacific Hospitality Newsletter |
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The Kingdom of Bhutan will host its first ever travel trade event in February 2012. The third PATA (Pacific Asia Travel Association) Annual Adventure Travel & Responsible Tourism Conference & Mart will take place in Paro, Bhutan and will be themed 'High Value Tourism - Low Impact Footprints'. The conference will feature insights from international, regional and local speakers, regarding existing and future travel trends in the responsible and adventure tourism sectors. The event will also feature a buyer-seller component that will target a limited number of high quality buyers from markets such as Japan, Taiwan, Singapore, Hong Kong, Shanghai, Western Europe, Australia, the USA and Canada.
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Swiss hospitality company, Mövenpick Hotels & Resorts, has opened its first property in India. The Mövenpick Hotel & Spa Bangalore is located near the main business districts of Bangalore and is a 30-minute drive from the city's airport. The 182-key property is the first hotel in Bangalore to feature wireless internet in both the hotel rooms and public areas and is the only hotel in India to offer a 24-hour rate for hotel guests. Mövenpick is due to open its second Indian property in 2013 - the Mövenpick Dharamshala Resort & Spa, an exclusive 110-room resort in the Northern Indian Kangra Valley. |
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Five airports in Indonesia have been allocated a multi-million dollar budget to undergo upgrading. State Airport Operator PT Angkasa Pura I (AP I) has allocated IDR5.6 trillion (US$655.2 million) to expand the airports in Bali, Balikpapan, Surabaya, Yogyakarta and Banjarmasin. AP I intends to convert the facilities in these five airports into world-class transport hubs, featuring hotels and shopping centres, by 2013. With the increase in passenger capacity of each airport, AP I expects company revenues to increase and that this would help drive the development of Indonesia's travel and tourism industry. |
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Latest data released by the Pacific Asia Travel Association (PATA) has shown that international visitor arrivals into Asia Pacific destinations increased 6% year-on-year in June 2011. This increase was led by Southeast Asia, which had a growth of 15.5% during June due to the rebound in arrivals to Thailand, strong travel demand within the ASEAN region and an increase in arrivals from China. South Asia experienced a growth of 12% in international arrivals in June due to an increase in European arrivals to destinations such as Nepal, the Maldives and Sri Lanka. Tourism demand to Japan is slowly recovering as Northeast Asia had a 3.7% increase in arrivals for June 2011, compared to 0.6% in May. Southeast Asia's arrivals will continue to be driven by the growing China and India outbound markets, while European arrivals will continue to be the main contributor to South Asia's growth. With the steadily growing low-cost carrier network, Northeast Asia is expected to see an increase in arrivals from Southeast Asia.
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Toronto-based hotel management firm, Four Seasons Hotels Inc, has announced plans to expand its current portfolio of 85 hotels worldwide by opening a new property in Okinawa, Japan, in as early as 2014. The company is currently in talks with investors and partners for the new property, which will be located on the main island of Okinawa. Four Seasons currently manages two properties in Japan, both of which are located in Tokyo - the Four Seasons Hotel Tokyo at Chinzan-so and the 57-room Four Seasons Hotel Tokyo at Marunouchi, which is located in Tokyo's most expensive business district. |
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Absolute Share Price Performance, as at
9 September 2011 |
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Closing Share Price as at |
9 September 2011
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2 September 2011
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.45
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5.40
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1%
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General Property Group |
3.11
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3.08
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1%
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Mirvac Group |
1.15
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1.18
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-3%
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Ocean Capital Limited |
0.15
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0.14
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7%
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Thakral Holdings Group |
0.54
| 0.55
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-1%
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Living and Leisure Australia Group |
0.020
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0.021
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-5%
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
10.30
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10.60
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-3%
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Dusit Thani Public Co Ltd |
36.75
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36.50
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1%
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The Erawan Group Public Co Ltd |
2.66
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2.70
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-1%
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Grande Asset Hotels and Property Public Co Ltd |
1.69
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1.73
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-2%
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Laguna Resorts & Hotel Public Co Ltd |
51.50
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52.00
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-1%
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Minor International Public Co Ltd |
12.50
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13.00
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-4%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
20.04
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19.58
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2%
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Beijing Capital Tourism Co Ltd |
17.96
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17.58
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2%
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Jinling Hotel Corporation Ltd |
8.74
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8.94
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-2%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
5.95
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5.90
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1%
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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 |
6.95
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6.95
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-
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
35.57
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36.21
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-2%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.20
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9.19
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-
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Regal Hotels International Holdings Ltd |
2.67
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2.72
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-2%
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Sino Hotels Holdings Ltd |
2.56
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2.65
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-3%
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The Hong Kong & Shanghai Hotels Ltd |
11.48
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12.40
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-7%
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Shangri-La Asia Limited |
17.22
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18.16
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-5%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
72.20
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73.10
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-1%
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EIH (Oberoi Hotels & Resorts) |
88.80
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88.00
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1%
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Hotel Leela Ventures |
38.00
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38.70
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-2%
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Korea Exchange (KRW) |
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The Shilla |
31,700
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30,250
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5%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.32
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0.33
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-3%
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Ascott Residence Trust |
1.09
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1.12
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-2%
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Banyan Tree Holdings Limited |
0.69
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0.71
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-3%
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CDL HTrust |
1.75
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1.86
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-6%
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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 |
2.00
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2.05
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-2%
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Mandarin Oriental International Ltd (US$) |
1.65
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1.69
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-2%
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Pan Pacific Hotels Group Limited |
1.93
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1.87
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3%
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Stamford Land Corporation Ltd |
0.50
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0.51
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-2%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
467
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474
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-1%
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The Ambassador Hotel, Ltd |
36.70
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35.05
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5%
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
226,900
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227,000
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-
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Japan Hotel and Resort Inc |
171,400
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171,100
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-
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Imperial Hotel, Ltd |
1,889
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1,930
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-2%
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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. |
