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7 December 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
BKPM Joins as Co-Host for IHT 2013
Accor Debuts Pullman in Vietnam
2.86 Million Foreign Arrivals to Cambodia in 10 Months
China's Wanda in Talks to Buy US Hotels
Jumeirah to Expand Into India
Lombok and Sumbawa Target Two Million Visitors Annually
First InterContinental Resorts in Australia
Absolute Share Price Performance, as at 7 December 2012
BKPM Joins as Co-Host for IHT 2013 Return to Headlines

Indonesia Investment Coordinating Board (BKPM) has joined as co-host of the inaugural Indonesia Hospitality & Tourism Investment Conference (IHT). As the primary interface between business and government, BKPM is mandated to boost domestic and foreign direct investment through creating a conducive investment climate. Restored to Ministerial status in 2009, and reporting directly to the President of the Republic of Indonesia, this investment promotion agency's goal is not only to seek more domestic and foreign investment, but also seek quality investments that improve social inequality and reduce unemployment. The agency works as a proactive advocate for investments as well as a matchmaker for investors.

Themed "Invest in the World's Largest Archipelago: Indonesia", IHT is a HVS-organised event and is co-hosted by the Ministry of Tourism and Creative Economy and BKPM. This event will explore strategies to invest and develop opportunities in one of the world's most populous country.

Highlights of IHT include:

  • Hotel and Tourism Investment Opportunities in the World's Largest Archipelago
  • Insights on Exponential Growth Opportunities for your Companies
  • Spotting the Market Trends and Capitalise on the Untapped Domestic Markets
  • Sources of Financing (Domestic and International) for Your Investments and Developments
  • Meet the Leading Hotel Management Chains for Your Hotel Developments
  • Ways a Hotel Owner or Developer could Optimise Hotel Profitability and Investment Returns
  • Be Among the First to Learn of Tourism Master Plans and Secure your Strategic Market Position
  • Connect with Major Developers, Owners, Investors, Bankers, Hotel Management Chains, Designers and Policy-makers
  • And more...
Click here to Register for Early Bird Rate (available until 15 March 2013). Registration Hotline: +65 6293 4415 or +62 21 5291 7472. For more information, visit www.indonesiahospitalityconference.com.

Please note that dates for IHT 2013 have been revised and will be held on 7 and 8 May 2013 at the Ritz-Carlton Pacific Place, Jakarta.

Accor Debuts Pullman in Vietnam Return to Headlines

French-based Accor has continued its expansion in Asia Pacific with the opening of Pullman Hanoi, marking the upscale international brand's debut in Vietnam. The property was previously known as the Hanoi Horison Hotel before having undergone a refurbishment. The Pullman Hanoi comprises of 242 rooms and is located close to the city's main business districts and a 40-minute drive from the Noi Bai International Airport. Accor currently has three other Pullman hotels confirmed in its development pipeline in Vietnam. These properties are set to be located in Ho Chi Minh City, Vung Tau and Da Nang.

2.86 Million Foreign Arrivals to Cambodia in 10 Months Return to Headlines

In the first ten months of 2012, Cambodia has attracted approximately 2.86 million foreign tourists, an increase of 24% over the same period in 2011. Vietnam remains the largest source market for Cambodia accounting for approximately 22% of international arrivals, followed by South Korea at 12% and China at 9%. Cambodia's neighbouring countries, Laos and Thailand, accounted for approximately 7% and 6% of foreign arrivals respectively. The tourism ministry anticipates a total of 3.3 million foreign tourists by 2012, and by 2020 total arrivals to Cambodia are targeted to reach seven million foreign visitors.

China's Wanda in Talks to Buy US Hotels Return to Headlines
Dalian Wanda Group, a privately owned company in China with interests in real estate, tourism and departmental stores, is currently in talks with hotel chains for acquisition opportunities in the United States. Wanda is also the world's largest movie theatre owner after its September purchase of US-based movie theatre chain AMC Entertainment. The company will invest US$10 billion over the next ten years and is in talks to acquire hotel properties in Washington DC, New York and Los Angeles.
Jumeirah to Expand Into India Return to Headlines
Jumeirah Group has recently signed a management agreement which will see the company debut in India. The company will operate a luxury hotel in central Mumbai which is expected to open in 2017 and will comprise of 470 rooms, suites and serviced apartments. This property will be part of the first phase of Jumeirah's expansion in India and the company is currently in talks on potential projects in other key destinations in the country. Jumeirah currently operates 20 hotels and serviced apartments in UAE, Europe, Maldives and China, and another 15 hotels are in the pipeline.
Lombok and Sumbawa Target Two Million Visitors Annually Return to Headlines
The West Nusa Tenggara (NTB) regional government has targeted to attract two million tourists annually to the areas of Lombok and Sumbawa by 2015. The NTB had previously launched the Visit Lombok-Sumbawa campaign earlier this year, which successfully saw one million domestic and international visitor arrivals for the first 11 months of 2012. The NTB government and regional tourism promotion board intend to tap into the international market with sales missions to source markets such as Malaysia, Saudi Arabia, China, Hong Kong, Singapore and Australia next year. Airlines such as Garuda Indonesia and Air Asia have recently begun directing flights to Lombok from Makassar and Kuala Lumpur, respectively.
First InterContinental Resorts in Australia Return to Headlines
InterContinental Hotels Group (IHG) has assumed management of the former Hyatt Regency Sanctuary Cove in Gold Coast, after reaching a commercial agreement with hotel owner, Mulpha Sanctuary Cove (Developments), marking the first InterContinental Resort in Australia. The 243-room InterContinental Sanctuary Cove Resort will join other InterContinental properties in the Australasia region, such as Sydney, Melbourne, Adelaide, Wellington and Fiji. The resort will feature a marina, golf green, beach lagoon and garden views. The new property will be the second IHG property managed for Mulpha, after the InterContinental Sydney, which was acquired in 2004.
Absolute Share Price Performance, as at 7 December 2012
Closing Share Price as at 7 December 2012 30 November 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.77 6.94 -2%
General Property Group 3.60 3.49 3%
Mirvac Group 1.50 1.47 2%
Ocean Capital Limited 0.14 0.14 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 26.25 25.50 3%
Dusit Thani Public Co Ltd 47.00 47.00 -
The Erawan Group Public Co Ltd 4.04 3.74 8%
Grande Asset Hotels and Property Public Co Ltd 1.33 1.33 -
Laguna Resorts & Hotel Public Co Ltd 35.00 35.50 -1%
Minor International Public Co Ltd 20.20 19.30 5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.07 13.91 -6%
Beijing Capital Tourism Co Ltd 10.19 9.67 5%
Jinling Hotel Corporation Ltd 6.79 6.58 3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 3.94 3.70 6%
Guangzhou Dong Fang Hotel Co Ltd 5.90 5.82 1%
Shenzhen Century Plaza Hotel Co Ltd 3.72 3.69 1%
China Lodging Group, Limited 16.10 16.95 -5%
Home Inns & Hotels Management Inc 25.25 26.88 -6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.10 10.14 -
Regal Hotels International Holdings Ltd 3.58 3.50 2%
Sino Hotels Holdings Ltd 2.50 2.50 -
The Hong Kong & Shanghai Hotels Ltd 11.00 10.94 1%
Shangri-La Asia Limited 14.88 15.00 -1%
Dorsett Hospitality International 1.97 1.87 5%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 64.45 59.60 8%
EIH (Oberoi Hotels & Resorts) 72.90 72.10 1%
Hotel Leela Ventures 30.70 30.60 -
Korea Exchange (KRW)
The Shilla 46,450 46,300 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.44 0.42 5%
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.28 1.32 -3%
Banyan Tree Holdings Limited 0.64 0.64 -
CDL Hospitality Trusts 1.92 1.92 -
Far East Hospitality Trust 0.99 0.99 -
Hotel Grand Central Ltd 0.91 0.89 2%
Hotel Properties Ltd 2.70 2.63 3%
Mandarin Oriental International Ltd (US$) 1.42 1.38 3%
Pan Pacific Hotels Group Limited 2.23 2.24 -
Shangri-La Asia Limited (HK$) 15.08 15.08 -
Stamford Land Corporation Ltd 0.56 0.55 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 356 345 3%
The Ambassador Hotel, Ltd 30.85 30.85 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 24,000 24,090 -
Imperial Hotel, Ltd 2,220 2,150 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
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.

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