HVS Website
April 6, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Top Asian Hotel Chains Strong Showing In Shanghai At CHIC 2012
Oakwood Unveils Second Property In Guangzhou
Pan Pacific Singapore To Undergo Major Renovation
Starwood To Open Ski Resorts In China
Swissôtel To Debut In Mumbai
Absolute Share Price Performance, as at 6 April 2012
 
Top Asian Hotel Chains Strong Showing In Shanghai At CHIC 2012 Return to Headlines

Asia Pacific is providing hotel chains exponential opportunities for growth, within which China is one of the main focus for the business development efforts of hotel chains. According to HVS research in January 2012, among the top five hotel chains in Asia Pacific by number of rooms, Home Inns tops the list with 147,524 rooms across 174 cities in China; followed by Jin Jiang Hotels Group with 93,520 rooms; Europe-based giants, IHG and Accor, and Nasdaq-listed 7 Days Inn. Three of the five - Home Inns, Jin Jiang and 7 Days Inn - are all China homegrown hotel chains.

Notably, Home Inns and Jin Jiang Hotels have adopted the merger and acquisition strategy to expand. Jin Jiang Hotels acquired a stake in Interstate Hotels & Resorts (IHR) in March 2010, while Home Inns successfully completed its acquisition of Motel 168 International Holdings Limited in September 2011. Is merger and acquisition a sustainable viable expansion strategy for hotel chains? At the China Hotel Investment Conference (CHIC) 2012, Yang Weimin, Chairman, Jin Jiang International Hotels (Group) Company Limited will present a case study review of its successful acquisition of InterState Hotels & Resorts; and David Sun, CEO, Home Inns will also share insights into the Motel 168 transaction.

Among the five abovementioned hotel chains, the three China-based firms (Home Inns, Jin Jiang Hotels, 7 Days Inn) have focused largely on the economy and mid-tier segments, which gives an indication of the potential and size of this segment. The hotel chains are also taking it one step further to create organic growth by diversifying their brand portfolio. Senior decision-makers will share topics discussed in the boardroom on brand strategy and profile. CHIC 2012 welcomes Xu Shuguang, Chairman & CEO, GreenTree Inn Chain; Chen Han, CEO, Super 8 Hotel (China) Co Ltd; Christopher Zhang, Vice President, Starwood Hotels & Resorts; and other leaders from the sector to share their insights.

Within the exponentially growing market, hotel chains are pursuing the essence of a new breed of hospitality brand required for China. Join James Stuart, Founder, The Brand Company, at CHIC 2012 as he shares on topics such as: What are the critical success factors for such brands? Which are the most successful Navigator hospitality brands in China today? Where will we see such brands emerging in the future? What are the likely advantages of being global versus local, new versus established in becoming a Navigator hospitality brand in China and for Chinese travellers elsewhere?

Organised by HVS, co-hosted by China Tourism Academy and Beijing International Studies University, the 8th China Hotel Investment Conference will be held on 18 to 20 April 2012 at Grand Hyatt Shanghai. For registration and more information, please visit www.chinahotelconference.com, or call +86 21 5171 7003.

Oakwood Unveils Second Property In Guangzhou Return to Headlines

Oakwood Service Apartment has opened its second property in Guangzhou - the 225-key Oakwood Premier. The property, located close to the East Railway Station in the Tianhe business district, which connects the city to Hong Kong, houses studio, one-, two-, three- and four-bedroom units ranging from 50 square metres to 230 square metres, for business and leisure travellers on short- and long-term visits. The property also offers extensive leisure and business facilities for all residents including a restaurant, bar, gym, meeting rooms, swimming pool, Angsana Spa by Banyan Tree, business lounge and children's playroom.

 
Pan Pacific Singapore To Undergo Major Renovation Return to Headlines

The 790-room Pan Pacific Singapore hotel is set to undergo an S$80 million makeover, the biggest since it first opened in 1987. The hotel, which will close on 15 April will reopen parts of its premises and facilities by August. The facelift of the property includes the renovation of the hotel's guestrooms, lobby and restaurants, with the Pacific Club on Level 38 as the highlight, which will feature an unfettered 360-degree vantage point. Public areas on Level 1 as well as 150 hotel rooms will be reopened in August this year while the five-star hotel will be fully operational by September. The hotel's owner Hotel Marina City, a wholly owned subsidiary of Singapore Land, will be funding the renovation works.

 
Starwood To Open Ski Resorts In China Return to Headlines
Working with the Dalian Wanda Group, Starwood Hotels and Resorts Worldwide will open its first dual-branded ski resort complex in Changbaishan, China this August. The Westin Changbaishan and Sheraton Changbaishan Resort will open adjacent to the slopes of Changbai Mountains, one of China's leading ski areas. The complex will be located ten kilometres from Changbaishan Airport, close to the city of Baishan. Offering ski-in/ski-out access, the 257-room Westin Changbaishan Resort will feature a range of restaurants, a kids' club, spa and indoor swimming pool. The 296-room Sheraton Changbaishan Resort will feature a 'Link@Sheraton' technology hub, as well as a restaurant and lounge, spa, indoor swimming pool, and fitness centre. The resort complex will offer more than 3,400 square metres of meeting space including a 1,240-square-metre ballroom.
 
Swissôtel To Debut In Mumbai Return to Headlines
Swissôtel Hotels and Resorts has announced the signing of a management contract for a flagship project in India - Swissôtel Grand Mumbai. The five-star business hotel is due to open in 2014 and is in close proximity to a number of new grade A offices occupied by numerous multinational companies. The Andheri Kurla area, which has approximately 20% of Mumbai's commercial office space supply, also features new shops and restaurants as well as a new metro line. The hotel will boast 300 guestrooms, executive rooms and suites. The hotel's conference and banqueting facilities will occupy a total area of around 1,600 square metres including a main ballroom measuring 500 square metres. The hotel will also have a Pürovel Spa & Sport centre.
 
Absolute Share Price Performance, as at 30 March 2012
 
Closing Share Price as at 6 April 2012 30 March 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.24 6.20 1%
General Property Group 3.16 3.12 1%
Mirvac Group 1.17 1.17 -
Ocean Capital Limited 0.18 0.18 -
Thakral Holdings Group 0.545 0.525 4%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 12.60 12.90 -2%
Dusit Thani Public Co Ltd 34.25 34.00 1%
The Erawan Group Public Co Ltd 2.68 2.70 -1%
Grande Asset Hotels and Property Public Co Ltd 1.23 1.25 -2%
Laguna Resorts & Hotel Public Co Ltd 40.75 42.25 -4%
Minor International Public Co Ltd 13.10 14.30 -8%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.86 16.58 2%
Beijing Capital Tourism Co Ltd 13.34 12.59 6%
Jinling Hotel Corporation Ltd 7.33 7.17 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.80 4.60 4%
Guangzhou Dong Fang Hotel Co Ltd 6.95 6.71 4%
Shenzhen Century Plaza Hotel Co Ltd 4.64 4.48 4%
NASDAQ (US$)
Home Inns & Hotels Management Inc 26.38 25.51 3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.33 8.37 -
Regal Hotels International Holdings Ltd 2.67 2.68 -
Sino Hotels Holdings Ltd 2.63 2.37 11%
The Hong Kong & Shanghai Hotels Ltd 9.97 10.54 -5%
Shangri-La Asia Limited 17.02 16.94 -
kosmopolito Hotel International 1.31 1.31 -
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 65.5 63.7 3%
EIH (Oberoi Hotels & Resorts) 86.1 85.6 1%
Hotel Leela Ventures 33.8 33.5 1%
Korea Exchange (KRW)
The Shilla 49,000 48,250 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.40 0.42 -5%
Ascott Residence Trust 1.09 1.07 2%
Banyan Tree Holdings Limited 0.68 0.68 -
CDL HTrust 1.86 1.74 7%
Hotel Grand Central Ltd 0.83 0.81 2%
Hotel Properties Ltd 1.95 1.96 -1%
Mandarin Oriental International Ltd (US$) 1.62 1.62 -
Pan Pacific Hotels Group Limited 1.78 1.80 -1%
Shangri-La Asia Limited (HK$) 16.60 16.44 1%
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 402 418 -4%
The Ambassador Hotel, Ltd 36.55 37.40 -2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 18,450 18,700 -1%
Imperial Hotel, Ltd 2,169 2,228 -3%
 
Return to Headlines
 
HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Natwar Nagar
     
HVS New Delhi
Kaushik Vardharajan
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: [email protected].

You can also contact us by phone or regular mail:

HVS
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