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Featured in this Asia Pacific Hospitality Newsletter |
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Asia Pacific is providing hotel chains exponential opportunities for growth, within which China is one of the main focus for the business development efforts of hotel chains. According to HVS research in January 2012, amongst the top five hotel chains in Asia Pacific by number of rooms, Home Inns tops the list with 147,524 rooms across 174 cities in China; followed by Jin Jiang Hotels Group with 93,520 rooms; Europe-based giants, IHG and Accor and Nasdaq-listed 7 Days Inn. Three of the five - Home Inns, Jin Jiang and 7 Days Inn are all China homegrown hotel chains.
One of the interesting points is that Home Inns and Jin Jiang Inns have adopted merger and acquisition strategy to expand. Jin Jiang Hotels acquired a stake in IHR in March 2010, while Home Inns successfully completed its acquisition of Motel 168 International Holdings Limited in September 2011. Is merger and acquisition a sustainable viable expansion strategy for hotel chains? At CHIC 2012, Yang Weimin, Chairman, Jin Jiang International Hotels (Group) Company Limited will present a case study review of its successful acquisition of InterState Hotels & Resorts; David Sun, CEO, Home Inns will also share insights into the Motel 168 transaction.
Among the five hotel chains mentioned, the three China-based firms (Home Inns, Jin Jiang Hotels, 7 Days Inn) have focused largely on the economy and mid-tier segments, which gives indication of the potential and size of this segment. The hotel chains are also taking it one-step further to create organic growth by diversifying its brand portfolio. Senior decision-makers will share topics discussed in the boardroom on brand strategy and profile. CHIC 2012 also welcomes Xu Shuguang , Chairman & CEO, GreenTree Inn Chain; Chen Han , CEO, Super 8 Hotel (China) Co., Ltd; Christopher Zhang , Vice President, Starwood Hotels & Resorts and other leaders from the sector sharing their insights.
Within the exponential growing market, hotel chains are pursuing the essence of a new breed of hospitality brand required for China. Join James Stuart, Founder, The Brand Company at CHIC 2012 discussing what are the critical success factors for such brands? Which are the most successful Navigator hospitality brands in China today? Where will we see such brands emerging in the future? What are the likely advantages of being global versus local, new, versus established in becoming a Navigator hospitality brand in China and for Chinese travellers elsewhere?
Organised by HVS, co-hosted by China Tourism Academy and Beijing International Studies University, the 8th China Hotel Investment Conference will be held on April 18-20, 2012 at Grand Hyatt Shanghai. For registration and more information, please visit www.chinahotelconference.com, or call +86 21 5171 7003.
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Passenger traffic at China's airports grew by 10% to reach a total of 620.5 million in 2011, according to China's official Xinhua News Agency. Quoting the country's Civil Aviation Administration of China (CAAC), Xinhua reported that Beijing, Shanghai (with two airports) and Guangzhou accounted for approximately 32% of total airport traffic, although the number of airports handling annual passenger totals in excess of 10 million grew from 16 in 2010 to 21 in 2011. These 21 hubs accounted for 75% of the country's total airport traffic. China plans to invest more than RMB1.5 trillion (US$237 billion) in its aviation industry by 2015, by which time the country is expected to have more than 220 airports.
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The Ascott Limited, CapitaLand's wholly owned serviced residence business unit, has clinched a contract to manage its first serviced residence in Xiamen, Fujian Province, China. Slated to open in late 2012, the 169-unit Citadines Jinshang Road Xiamen is the first international branded serviced residence in Xiamen. The serviced residence is located in the heart of Huli District, which is well-connected to the Xiamen airport and seaport. It is situated next to the Huli government office and is close to the Huli Economic Zone and high-tech district which houses 24 Fortune 500 companies. When completed, Citadines Jinshang Road Xiamen will offer a range of spacious studios to three-bedroom apartments catering to the different lifestyle needs of business and leisure travellers. All apartments will come with a fully equipped kitchen and separate work and sleeping areas. The comprehensive facilities at the serviced residence include a gymnasium, business centre, conference room and breakfast lounge.
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Shanghai-based hotel company Jin Jiang International has announced plans to develop a hotel at a Hello Kitty theme park in eastern China's Zhejiang Province. The new 360-room Yinrun Jin Jiang International Resort Hotel will open in May 2014 at the Hello Kitty Amusement Park in Anji, two hours' drive from Shanghai. The castle-themed, 45,000-square-metre property will offer rooms ranging from 36 square metres to 72 square metres, as well as several food and beverage outlets and an 800-square-metre grand ballroom. Other facilities include an entertainment centre, squash courts and a children's adventure playground. According to HVS's recent research, Jin Jiang is China's second largest hotel operator in terms of room count, with a total of 93,520 rooms and 608 properties.
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The new US$44 million Max Atria has opened at Singapore Expo. Managed by Singex Venues, the new convention centre features 32 column-free rooms with large foyers, a garden courtyard and rooftop space. The 12,700-square-metre convention wing can hold more than 3,500 people in a variety of spaces configured for meetings, conferences, banquets, light exhibitions and product launches, with complimentary and high performance Wi-Fi access. The venue is also the first purpose-built MICE venue in Singapore to receive the Building and Construction Authority's Green Mark Platinum status.
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Absolute Share Price Performance, as at 23 March 2012
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Closing Share Price as at |
23 March 2012
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16 March 2012
|
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
6.24
|
6.07
|
3%
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General Property Group |
3.11
|
3.09
|
1%
|
Mirvac Group |
1.23
|
1.21
|
1%
|
Ocean Capital Limited |
0.16
|
0.16
|
-
|
Thakral Holdings Group |
0.535
| 0.540
|
-1%
|
Living and Leisure Australia Group |
0.051
|
0.051
|
-
|
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
13.10
|
12.50
|
5%
|
Dusit Thani Public Co Ltd |
34.75
|
34.50
|
1%
|
The Erawan Group Public Co Ltd |
2.72
|
2.68
|
1%
|
Grande Asset Hotels and Property Public Co Ltd |
1.23
|
1.28
|
-4%
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Laguna Resorts & Hotel Public Co Ltd |
41.75
|
43.50
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-4%
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Minor International Public Co Ltd |
13.60
|
13.70
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-1%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
16.88
|
17.54
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-4%
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Beijing Capital Tourism Co Ltd |
13.62
|
14.60
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-7%
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Jinling Hotel Corporation Ltd |
7.56
|
7.59
|
-
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
5.07
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4.97
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2%
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Guangzhou Dong Fang Hotel Co Ltd |
7.32
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7.25
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1%
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Shenzhen Century Plaza Hotel Co Ltd |
4.88
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4.76
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3%
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NASDAQ (US$) |
Home Inns & Hotels Management Inc |
25.95
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26.05
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-
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
8.50
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8.96
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-5%
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Regal Hotels International Holdings Ltd |
2.64
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2.90
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-9%
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Sino Hotels Holdings Ltd |
2.34
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2.60
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-10%
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The Hong Kong & Shanghai Hotels Ltd |
10.76
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11.42
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-6%
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Shangri-La Asia Limited |
16.48
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18.26
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-10%
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kosmopolito Hotel International
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1.36
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1.42
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-4%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
62.0
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64.2
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-3%
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EIH (Oberoi Hotels & Resorts) |
84.9
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85.1
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-
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Hotel Leela Ventures |
31.6
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34.9
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-9%
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Korea Exchange (KRW) |
The Shilla |
47,500
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46,500
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2%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.39
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0.37
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5%
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Ascott Residence Trust |
1.08
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1.09
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-1%
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Banyan Tree Holdings Limited |
0.69
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0.62
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11%
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CDL HTrust |
1.73
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1.76
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-2%
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Hotel Grand Central Ltd |
0.82
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0.81
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1%
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Hotel Properties Ltd |
1.91
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1.92
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-1%
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Mandarin Oriental International Ltd (US$) |
1.58
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1.64
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-4%
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Pan Pacific Hotels Group Limited |
1.80
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1.86
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-3%
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Shangri-La Asia Limited (HK$)
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16.22
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17.82
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-9%
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Stamford Land Corporation Ltd |
0.54
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0.54
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-
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
435
|
441
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-1%
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The Ambassador Hotel, Ltd |
40.50
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38.35
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6%
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Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
231,200
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230,300
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-
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Japan Hotel and Resort Inc |
208,200
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207,000
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1%
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Imperial Hotel, Ltd |
2,470
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2,115
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17%
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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
HVS Singapore. |
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