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Featured in this Asia Pacific Hospitality Newsletter |
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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.
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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. |
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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. | |
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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%.
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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.
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Absolute Share Price Performance, as at 20 July 2012
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Closing Share Price as at |
20 July 2012
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13 July 2012
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
6.71
|
6.69
|
–
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General Property Group |
3.40
|
3.33
|
2%
|
Mirvac Group |
1.32
|
1.26
|
5%
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Ocean Capital Limited |
0.15
|
0.15
|
-
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Thakral Holdings Group |
0.750
| 0.735
|
2%
|
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
14.80
|
14.80
|
–
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Dusit Thani Public Co Ltd |
34.00
|
34.00
|
-
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The Erawan Group Public Co Ltd |
2.64
|
2.62
|
-
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Grande Asset Hotels and Property Public Co Ltd |
1.17
|
1.18
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-1%
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Laguna Resorts & Hotel Public Co Ltd |
39.50
|
40.00
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-1%
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Minor International Public Co Ltd |
15.50
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15.30
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1%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
15.36
|
15.33
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-
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Beijing Capital Tourism Co Ltd |
12.95
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13.44
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-4%
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Jinling Hotel Corporation Ltd |
7.38
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7.36
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-
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
4.68
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4.78
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-2%
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Guangzhou Dong Fang Hotel Co Ltd |
7.41
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7.06
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5%
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Shenzhen Century Plaza Hotel Co Ltd |
4.51
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4.54
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-1%
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NASDAQ (US$) |
Home Inns & Hotels Management Inc |
17.00
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18.99
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-10%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
8.23
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8.28
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-1%
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Regal Hotels International Holdings Ltd |
2.92
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2.90
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1%
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Sino Hotels Holdings Ltd |
2.51
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2.37
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6%
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The Hong Kong & Shanghai Hotels Ltd |
10.24
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10.44
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-2%
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Shangri-La Asia Limited |
14.70
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15.20
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-3%
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kosmopolito Hotel International
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1.51
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1.44
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5%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
60.6
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63.6
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-5%
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EIH (Oberoi Hotels & Resorts) |
79.6
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83.2
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-4%
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Hotel Leela Ventures |
32.3
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32.0
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1%
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Korea Exchange (KRW) |
The Shilla |
49,900
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50,400
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-1%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.38
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0.38
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-
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Ascott Residence Trust |
1.07
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1.09
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-2%
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Banyan Tree Holdings Limited |
0.52
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0.53
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-2%
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CDL HTrust |
1.87
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1.86
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1%
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Hotel Grand Central Ltd |
0.80
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0.82
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-2%
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Hotel Properties Ltd |
2.23
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2.30
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-3%
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Mandarin Oriental International Ltd (US$) |
1.42
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1.42
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–
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Pan Pacific Hotels Group Limited |
1.98
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1.96
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1%
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Shangri-La Asia Limited (HK$)
|
14.80
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14.90
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-1%
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Stamford Land Corporation Ltd |
0.60
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0.60
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–
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
276
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291
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-5%
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The Ambassador Hotel, Ltd |
28.20
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28.15
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-
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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21,140
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21,140
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-5%
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Imperial Hotel, Ltd |
2,451
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2,439
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-
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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
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