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21 December 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Minor Opens First Oaks in Asia
World's Longest High Speed Rail to Open in China
W Hotel Debuts in Bangkok
Increased European Connections to China
Ovolo Celebrates Ten Years with Flagship Property
Aston Signs Three Hotels in Indonesia
Absolute Share Price Performance, as at 21 December 2012
Minor Opens First Oaks in Asia Return to Headlines

Thailand-based Minor Hotel Group has opened its first Oaks property in Asia, Oaks Bangkok Sathorn, and has announced plans to open more Oaks in China next year. The operator of brands such as Anatara, AVANI and Elewana, Minor Hotel Group took over ownership of Oaks Hotels & Resorts, a serviced apartment provider in Australasia and UAE, in 2011. The opening of the 115-key Oaks Bangkok Sathorn marks Oaks' 41st property and the first of its planned expansion into Asia. The property also shares facilities with Anatara Bangkok Sathorn, which is located next to it. Minor Hotel Group is planning to open Oaks Sanya in late 2013, which is currently under development on Hainan Island and will feature 122 apartments.

World's Longest High Speed Rail to Open in China Return to Headlines

The world's longest high speed rail route is set to open on 26 December 2012 and will run from Beijing to Guangzhou. The route measures 2,298 kilometres and will reduce travel time between the two cities from 22 hours to approximately eight hours. The high speed trains will run at an average speed of 300 kilometres per hour and the railway will have 35 stops in major cities, including Shijiazhuang, the capital of Hebei Province in the north of China, Zhengzhou, the capital of Henan, Wuhan, the capital of Hubei Province in central China and Changsha, the capital of central China's Hunan Province. From 2014, the Beijing-Guangzhou route will connect to Shenzhen, which will then continue on to Hong Kong, marking the first direct high speed train service between Beijing and Hong Kong.

W Hotel Debuts in Bangkok Return to Headlines

Starwood Hotels & Resorts has announced the opening of the W Bangkok, marking the brand's debut in the city. Located next to the Chong Nonsi BTS skytrain station, at the intersection of Sathorn and Narathiwas roads, the property will be housed in a modern 31-storey glass and steel tower and a century-old building which was formerly a Russian embassy. W Bangkok features 407 rooms and suites and is the second W property in Thailand following the W Retreat & Spa Koh Samui which opened in 2010. This new property marks W's 44th property worldwide and its eight in Asia Pacific.

Increased European Connections to China Return to Headlines
China will increase its connectivity to Europe as Finnair and British Airways are set to introduce new direct flight services to Xi'an and Chengdu, respectively. Xi'an will to become connected to Europe for the first time, when Finnair launches a direct service from Helsinki to Xi'an, home of the Terracotta Warriors, in summer 2013. This comes as part of Finnair's Asian expansion strategy and will be the airline's fifth destination in China, following flights to Chongqing, Beijing, Shanghai and Hong Kong. British Airways has announced planned to launch a direct flight service from London Heathrow to Chengdu, which is expected to commence in September 2013. The airline currently operates 13 flights weekly to Beijing and Shanghai. This new flight route will mark the first direct link between Chengdu and London.
Ovolo Celebrates Ten Years with Flagship Property Return to Headlines
Ovolo, an independent hotel and serviced apartment operator in Hong Kong, recently launched its flagship hotel in conjunction with its ten year anniversary. The Ovolo 2 Arbuthnot Road (Ovolo 2AR) features 42 studio suites each measuring 47 square metres and accommodating a bedroom cum office. Located in central Lan Kwai Fong, and next to Soho, the Ovolo 2AR is nestled in the heart of Central. Designed by Hong Kong firm KplusK Associates and featuring artwork by local artist Tsang Kin Wah, the hotel features Apple TV services, free Wi-Fi, free mini bar and two food and beverage outlets. This is the group's fourth hotel in Hong Kong and its fifth worldwide, with its earlier expansion into Melbourne, Australia. The group also operates two serviced apartments in Hong Kong. Ovolo will be opening a new hotel scheduled for the third quarter of 2013 in Wong Chuk Hang on Hong Kong Island.
Aston Signs Three Hotels in Indonesia Return to Headlines
Indonesia-based Aston International has recently signed deals for three new hotels in Indonesia. The group has agreed to manage 154-room Aston Karawang Hotel in West Java's manufacturing hub of Kawarang, the 202-room Aston Jimbaran Hotel in Bali and the 324-room Aston Simatupang Hotel & Conference Centre in Jakarta. All three properties will be under the Aston brand, which is a four-star brand. Aston International has a total pipeline of 21 new Aston hotels in Indonesia, including the launch of its three-star brand Aston City, in secondary cities such as Jember, Luquk, Kupang, Madiun and Bekasi. Aston International is also currently developing two new flagship properties for Grand Aston, its five-star brand, and several new properties for its other brands, favehotel and Hotel NEO.
Absolute Share Price Performance, as at 21 December 2012
Closing Share Price as at 21 December 2012 14 December 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.80 6.77 -
General Property Group 3.66 3.56 3%
Mirvac Group 1.48 1.51 -2%
Ocean Capital Limited 0.14 0.14 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 25.50 25.75 -1%
Dusit Thani Public Co Ltd 45.25 45.75 -1%
The Erawan Group Public Co Ltd 4.34 4.26 2%
Grande Asset Hotels and Property Public Co Ltd 1.40 1.32 6%
Laguna Resorts & Hotel Public Co Ltd 36.00 36.25 -1%
Minor International Public Co Ltd 19.50 20.30 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.58 13.65 -1%
Beijing Capital Tourism Co Ltd 11.12 10.94 2%
Jinling Hotel Corporation Ltd 6.95 6.87 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.04 4.00 1%
Guangzhou Dong Fang Hotel Co Ltd 6.16 6.15 -
Shenzhen Century Plaza Hotel Co Ltd 4.29 4.09 5%
China Lodging Group, Limited 15.86 16.69 -5%
Home Inns & Hotels Management Inc 29.20 27.22 7%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.00 10.14 -1%
Regal Hotels International Holdings Ltd 3.54 3.57 -1%
Sino Hotels Holdings Ltd 2.47 2.43 2%
The Hong Kong & Shanghai Hotels Ltd 10.88 10.80 1%
Shangri-La Asia Limited 15.16 15.18 -
Dorsett Hospitality International 1.83 1.87 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 63.30 63.20 -
EIH (Oberoi Hotels & Resorts) 69.45 71.05 -2%
Hotel Leela Ventures 29.40 29.25 1%
Korea Exchange (KRW)
The Shilla 44,500 47,250 -6%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.44 5%
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.33 1.30 2%
Banyan Tree Holdings Limited 0.62 0.64 -3%
CDL Hospitality Trusts 1.89 1.94 -3%
Far East Hospitality Trust 1.00 1.00 -
Hotel Grand Central Ltd 0.92 0.90 2%
Hotel Properties Ltd 2.96 2.87 3%
Mandarin Oriental International Ltd (US$) 1.45 1.42 2%
Pan Pacific Hotels Group Limited 2.26 2.24 1%
Shangri-La Asia Limited (HK$) 14.94 15.08 -1%
Stamford Land Corporation Ltd 0.57 0.56 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 369 360 2%
The Ambassador Hotel, Ltd 29.75 30.90 -4%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 24,440 23,950 2%
Imperial Hotel, Ltd 2,287 2,239 2%
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