HVS Website
July 20, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Ascott To Open Third Property In Chengdu
Hyatt Announces Plans For Andaz Gurgaon And Grand Hyatt Kochi In India
Tourist Arrivals To Sri Lanka Rise 18.7% In First Half Of 2012
Tourist Arrivals To Thailand Exceed Ten Million In First Half Of 2012
Outrigger To Acquire Laguna Beach Resort In Phuket
Absolute Share Price Performance, as at 20 July 2012
Ascott To Open Third Property In Chengdu Return to Headlines

Serviced residence operator Ascott has secured a contract to manage its third property in Chengdu which is scheduled to open in 2013. Ascott Raffles City Chengdu is located in the heart of Chengdu’s bustling business centre along Renmin Nan Road. It is part of the Raffles City Chengdu integrated development designed by renowned architect Steven Holl and comprises serviced residences, Grade A offices, luxury apartments and a shopping mall. The property boasts 296 serviced apartments, an indoor swimming pool, sauna, spa, gymnasium, reading lounge, restaurants, meeting rooms and children’s play area. The new properties further enhance Ascott’s leadership position as the largest international serviced residence owner-operator in China with about 7,800 apartment units in 42 properties across 17 cities.

Hyatt Announces Plans For Andaz Gurgaon And Grand Hyatt Kochi In India Return to Headlines

Hyatt Hotels Corporation announced that Hyatt affiliates have signed management agreements for an Andaz hotel in Gurgaon and a Grand Hyatt hotel in Kochi, bringing the total number of announced Hyatt-branded hotels under development in India to 56. Slated to open in Q4 2014, Andaz Gurgaon will offer 275 guestrooms and 75 serviced apartments. Additionally, the hotel will feature an all-day dining restaurant, a specialty restaurant, a bar and a gourmet store, a spa with six treatment rooms, a fitness centre, a swimming pool and more than 1,000 square metres of meeting space. Grand Hyatt Kochi will feature 250 guestrooms and amenities including an all-day dining restaurant, two specialty restaurants, a bar and lobby lounge, a spa with ten treatment rooms, a fitness centre, a swimming pool and the Grand Club lounge. The hotel will also offer more than 5,000 square metres of meeting space.

Tourist Arrivals To Sri Lanka Rise 18.7% In First Half Of 2012 Return to Headlines

Sri Lanka has registered a growth of 18.7% in the first six months of 2012. According to data released by the government, the country welcomed 452,867 tourists during the period January to June 2012. The Sri Lanka Tourism Development Authority said arrivals from North America increased 20.2% in the first six months while arrivals from Western Europe were up 20.3%. Leisure travellers from East Asia rose 36.7% while arrivals from South Asia were only up 4.6%, but made up the bulk of the visitors at 116,717. The Sri Lankan government has set a target of one million arrivals for 2012, and expects the number to rise to 2.5 million by 2016. Around US$2 billion in earnings are also expected from the tourism industry this year.

Tourist Arrivals To Thailand Exceed Ten Million In First Half Of 2012 Return to Headlines
The number of foreign tourists to Thailand during the first six months of the year has increased by 7.6% to 10.49 million compared to the same period of last year, according to the country’s Ministry of Tourism and Sports. More than half of the visitors (5.4 million) were from East Asia, led by the Chinese, while Europeans were the second largest group with 2.9 million visitors. Russians were the top visitors from Europe. The Ministry of Tourism and Sports expects the number of visitors to reach its target of 20.5 million visitors by the end of this year. The biggest jump in international arrivals was seen from Africa, up 21.17%. Europe came in second at 13.12%, followed by East Asia at 9.11%.
Outrigger To Acquire Laguna Beach Resort In Phuket Return to Headlines
Outrigger Hotels and Resorts has entered into an agreement to acquire the 254-key Laguna Beach Resort, located in the Laguna Phuket integrated resort on Bang Tao Bay in the northwest coast of Phuket, Thailand. Originally opened in 1991, the Laguna Beach Resort is nestled between a tropical lagoon and the Andaman Sea. The resort features amenities such as a spa, tennis courts, meeting and conference rooms, a wedding chapel, extensive water features and a resort pool. Each of the 254 rooms features a private balcony. The resort is just 20 minutes away from the airport and Patong Beach, and 25 minutes from Phuket town. The property is currently undergoing a major renovation of all of its rooms and public areas, and is expected to reopen early in the second quarter of 2013.
Absolute Share Price Performance, as at 20 July 2012
Closing Share Price as at 20 July 2012 13 July 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.71 6.69
General Property Group 3.40 3.33 2%
Mirvac Group 1.32 1.26 5%
Ocean Capital Limited 0.15 0.15 -
Thakral Holdings Group 0.750 0.735 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 14.80 14.80
Dusit Thani Public Co Ltd 34.00 34.00 -
The Erawan Group Public Co Ltd 2.64 2.62 -
Grande Asset Hotels and Property Public Co Ltd 1.17 1.18 -1%
Laguna Resorts & Hotel Public Co Ltd 39.50 40.00 -1%
Minor International Public Co Ltd 15.50 15.30 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.36 15.33 -
Beijing Capital Tourism Co Ltd 12.95 13.44 -4%
Jinling Hotel Corporation Ltd 7.38 7.36 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.68 4.78 -2%
Guangzhou Dong Fang Hotel Co Ltd 7.41 7.06 5%
Shenzhen Century Plaza Hotel Co Ltd 4.51 4.54 -1%
Home Inns & Hotels Management Inc 17.00 18.99 -10%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.23 8.28 -1%
Regal Hotels International Holdings Ltd 2.92 2.90 1%
Sino Hotels Holdings Ltd 2.51 2.37 6%
The Hong Kong & Shanghai Hotels Ltd 10.24 10.44 -2%
Shangri-La Asia Limited 14.70 15.20 -3%
kosmopolito Hotel International 1.51 1.44 5%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 60.6 63.6 -5%
EIH (Oberoi Hotels & Resorts) 79.6 83.2 -4%
Hotel Leela Ventures 32.3 32.0 1%
Korea Exchange (KRW)
The Shilla 49,900 50,400 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.38 0.38 -
Ascott Residence Trust 1.07 1.09 -2%
Banyan Tree Holdings Limited 0.52 0.53 -2%
CDL HTrust 1.87 1.86 1%
Hotel Grand Central Ltd 0.80 0.82 -2%
Hotel Properties Ltd 2.23 2.30 -3%
Mandarin Oriental International Ltd (US$) 1.42 1.42
Pan Pacific Hotels Group Limited 1.98 1.96 1%
Shangri-La Asia Limited (HK$) 14.80 14.90 -1%
Stamford Land Corporation Ltd 0.60 0.60
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 276 291 -5%
The Ambassador Hotel, Ltd 28.20 28.15 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,140 21,140 -5%
Imperial Hotel, Ltd 2,451 2,439 -
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: hvs@hvs.com.

You can also contact us by phone or regular mail:

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