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31 August 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Drukair Launches Singapore-Bhutan Route
Laguna Phuket Unveils Development Plan
Crowne Plaza to Become Largest Upscale Brand in Greater China
Tourism Australia to Increase Marketing in Asia
Brunei Aims to Double Arrivals
Absolute Share Price Performance, as at 31 August 2012
Drukair Launches Singapore-Bhutan Route Return to Headlines

Drukair, Bhutan's national carrier, will launch a new flight between Singapore and the Himalayan Kingdom, commencing September 2012. The new route will link Singapore to Paro, via Kolkata and flights will operate twice a week. Currently, travellers flying between Bhutan and Singapore have to stay overnight in either India or Thailand. However, this new route is estimated to reducetravelling time to six hours. Additionally, Singapore is only the fifth country to be linked to Bhutan by air. Drukair will operate all Singapore-Bhutan flights on its brand new Airbus A310 aircraft.

Laguna Phuket Unveils Development Plan Return to Headlines

Laguna Phuket has unveiled a new development plan which will see an expansion and modernisation of the 25-year-old resort. Located on a beachfront land at Bangtao Bay in the northwest coast of Phuket, the integrated resort complex currently features seven resorts, together with residential villa properties, restaurants, spas, event space and a golf course. The development plan is in line with a new concept for an integrated complex, which on top of the hotel and residential components, will also feature a waterpark and up to 1,000 shops and restaurants.

Crowne Plaza to Become Largest Upscale Brand in Greater China Return to Headlines

IHG will be adding ten new hotels under its Crowne Plaza Hotels & Resorts brand in 2012, bringing the total number of Crowne Plaza properties in China to 63. This will make Crowne Plaza the largest upscale international brand in China by the end of 2012. The new properties will be located in Shanghai, Hong Kong, Hefei, Xi'an, Xuzhou, Zhenjiang, Tianjing, Lanzhou, Huangshan and Xishuangbanna. There are currently 50 more Crowne Plaza properties in the development pipeline, which are to be opened in the next three to five years.

Tourism Australia to Increase Marketing in Asia Return to Headlines
The Australian Government has granted Tourism Australia a new fund, Asia Marketing Fund, worth A$48.5 million (US$49.9 million). The new funding aims to generate increased visitation and economic returns from Asia, which is Australia's fastest growing tourism region. Visitor numbers from Asia have tripled since 1990, and spending by Asian visitors in Australia has grown by 64% since 2000. Tourism Australia will focus the first year of the fund on four strategic projects, includng targeting three secondary cities in China - Qingdao, Chengdu and Chongqing through its existing China 2020 Strategy.
Brunei Aims to Double Arrivals Return to Headlines
Brunei, one of the smallest destinations in Southeast Asia, aims to double its visitor arrivals by 2016. In 2011, the country recorded 210,000 travellers and aims to have a 15% increase by the end of 2012. Subsequently, Brunei will be targeting a 80% increase in travellers, or 400,000 travellers by 2016. Slightly more than 50% of the country's tourist arrivals in 2011 came from the ASEAN region, while arrivals from North Asia, including countries such as China, Hong Kong, Taiwan, Korea and Japan, represented 17.2% of all arrivals. The Brunei Tourism Board has identified 69 projects under the Brunei Tourism Master Plan 2011-2015, in view of improving the country's tourism performance. These projects will include strategic marketing reviews, the launch of special packages as well as developing new attractions.
Absolute Share Price Performance, as at 31 August 2012
Closing Share Price as at 31 August 2012 24 August 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.58 6.81 -3%
General Property Group 3.51 3.51 -
Mirvac Group 1.35 1.36 -1%
Ocean Capital Limited 0.15 0.15 -
Thakral Holdings Group 0.80 0.80 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 16.40 17.00 -4%
Dusit Thani Public Co Ltd 40.00 34.25 17%
The Erawan Group Public Co Ltd 2.64 2.64 -
Grande Asset Hotels and Property Public Co Ltd 1.19 1.20 -1%
Laguna Resorts & Hotel Public Co Ltd 40.00 39.00 3%
Minor International Public Co Ltd 14.70 15.40 -5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.58 14.77 -1%
Beijing Capital Tourism Co Ltd 11.92 12.13 -2%
Jinling Hotel Corporation Ltd 6.82 7.01 -3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.36 4.48 -3%
Guangzhou Dong Fang Hotel Co Ltd 7.09 7.30 -3%
Shenzhen Century Plaza Hotel Co Ltd 4.24 4.28 -1%
Home Inns & Hotels Management Inc 23.06 23.00 -
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.84 8.79 1%
Regal Hotels International Holdings Ltd 3.14 3.15 -
Sino Hotels Holdings Ltd 2.50 2.50 -
The Hong Kong & Shanghai Hotels Ltd 9.40 9.40 -
Shangri-La Asia Limited 14.52 14.56 -
kosmopolito Hotel International 1.76 1.66 6%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 59.00 62.25 -5%
EIH (Oberoi Hotels & Resorts) 76.95 79.60 -3%
Hotel Leela Ventures 27.90 29.80 -6%
Korea Exchange (KRW)
The Shilla 53,700 51,100 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.38 0.38 -
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.38 0.38 -
AscendasHT 0.89 0.88 1%
Ascott Residence Trust 1.25 1.23 2%
Banyan Tree Holdings Limited 0.56 0.56 -
CDL HTrust 2.03 1.96 4%
Far East HTrust 0.99 - -
Hotel Grand Central Ltd 0.79 0.79 -
Hotel Properties Ltd 2.54 2.58 -2%
Mandarin Oriental International Ltd (US$) 1.39 1.39 -
Pan Pacific Hotels Group Limited 2.06 2.05 -
Shangri-La Asia Limited (HK$) 14.04 14.02 -
Stamford Land Corporation Ltd 0.54 0.55 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 328 336 -2%
The Ambassador Hotel, Ltd 31.00 31.25 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,460 21,730 -1%
Imperial Hotel, Ltd 2,412 2,449 -2%
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