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March 30, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Top Asian Hotel Chains Strong Showing in Shanghai at CHIC 2012
Shangri-La Unveils Plans For Second Property In Harbin
Per Aquum Launches Niyama Resort In The Maldives
First Hyatt-Branded Hotel For Cambodia
Swissôtel To Debut In Phuket
Absolute Share Price Performance, As At 30 March
Top Asian Hotel Chains Strong Showing In Shanghai At CHIC 2012 Return to Headlines

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, among 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.

Notably, Home Inns and Jin Jiang Hotels have adopted the merger and acquisition strategy to expand. Jin Jiang Hotels acquired a stake in Interstate Hotels & Resorts(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 the China Hotel Investment Conference (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; and David Sun, CEO, Home Inns will also share insights into the Motel 168 transaction.

Among the five abovementioned hotel chains, 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 an 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 their brand portfolio. Senior decision-makers will share topics discussed in the boardroom on brand strategy and profile. CHIC 2012 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 to share their insights.

Within the exponentially 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 as he shares on topics such as: 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 18 to 20 April 2012 at Grand Hyatt Shanghai. For registration and more information, please visit www.chinahotelconference.com, or call +86 21 5171 7003.

Shangri-La Unveils Plans For Second Property In Harbin Return to Headlines

Shangri-La Asia Limited has announced the development of its second hotel in Harbin, the capital of Heilongjiang Province in China. Scheduled to open in 2015, the 44-storey, 566-room hotel will be located in Songbei District, the city's new economic development zone and a well-established tourist area, which is a 15-minute drive to the city centre and 45 minutes from the international airport. The hotel's guestrooms range from 484 square feet for a standard room to 2,422 square feet for the Shangri-La Suite, with most rooms offering river views. Forty-three one-bedroom to three-bedroom serviced apartments ranging in size from 969 to 2,422 square feet will also be available for long-stay guests. The hotel's signature Chinese restaurant will offer 18 private dining rooms and the property will also feature a Japanese restaurant, and specialty restaurants such as an all-day dining café, a lobby lounge and a bar on the top floor. Meeting facilities include the city's largest ballroom at 25,836 square feet.

Per Aquum Launches Niyama Resort In The Maldives Return to Headlines

Niyama, Per Aquum's latest addition to its portfolio, is now open in the Maldives in the southwestern atoll of Dhaalu. Niyama is a 40-minute seaplane flight from the Maldives capital of Malé. The resort features a range of 86 rooms, 64 of which include a private pool. The resort also includes the world's first underwater music club, Subsix, which is located 500 metres offshore and six metres below the surface of the Indian Ocean. Other facilities include the Lime Spa with eight treatment rooms, and the Tribal restaurant, which is designed as a modern day campsite with live cooking stations.

First Hyatt-Branded Hotel For Cambodia Return to Headlines
Hyatt Hotels Corporation announced that an affiliate has signed a management agreement with Hotel De La Paix for the first Hyatt-branded hotel in Cambodia. Under the agreement, Hotel De La Paix Siem Reap, one of the country's top-rated hotels, will be rebranded as Park Hyatt Siem Reap. The hotel will close on 30 June 2012 for a complete renovation and is expected to open as Park Hyatt Siem Reap in the first quarter of 2013. Located at the centre of one of Asia's major emerging cultural destinations, the property, designed by award-winning Bangkok-based interior designer Bill Bensley, was previously voted as Cambodia's No. 1 hotel by Travel + Leisure. Park Hyatt Siem Reap will include 107 guestrooms and suites, two restaurants, a bar and a retail bakery. The hotel will also feature meeting facilities, a spa, fitness centre and two swimming pools.
Swissôtel To Debut In Phuket Return to Headlines
Swissôtel Hotels and Resorts adds its first property in Phuket in April this year. The company has been appointed to manage the existing Courtyard by Marriott at Kamala Beach, which has been rebranded as Swissôtel Resort Phuket since 1 April 2012. This will be the group's third property in Thailand and its first resort property in Southeast Asia. Located on the western side of the island, Swissôtel Resort Phuket offers 180 one-bedroom to three-bedroom suites. Each suite is equipped with a separate living room and private balcony. Resort facilities include a lagoon-style pool, spa and fitness centre and a kids' club for children. MICE facilities at the resort include 450 square metres of meeting space, with eight function rooms and a pre-function area able to hold up to 150 people.
Absolute Share Price Performance, as at 30 March 2012
Closing Share Price as at 30 March 2012 23 March 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.20 6.24 -1%
General Property Group 3.12 3.11 -
Mirvac Group 1.17 1.23 -4%
Ocean Capital Limited 0.18 0.16 13%
Thakral Holdings Group 0.525 0.535 -2%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 12.90 13.10 -2%
Dusit Thani Public Co Ltd 34.00 34.75 -2%
The Erawan Group Public Co Ltd 2.70 2.72 -1%
Grande Asset Hotels and Property Public Co Ltd 1.25 1.23 2%
Laguna Resorts & Hotel Public Co Ltd 42.25 41.75 1%
Minor International Public Co Ltd 14.30 13.60 5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.58 16.88 -2%
Beijing Capital Tourism Co Ltd 12.59 13.62 -8%
Jinling Hotel Corporation Ltd 7.17 7.56 -5%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.60 5.07 -9%
Guangzhou Dong Fang Hotel Co Ltd 6.71 7.32 -8%
Shenzhen Century Plaza Hotel Co Ltd 4.48 4.88 -8%
Home Inns & Hotels Management Inc 25.51 25.95 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.37 8.50 -2%
Regal Hotels International Holdings Ltd 2.68 2.64 2%
Sino Hotels Holdings Ltd 2.37 2.34 1%
The Hong Kong & Shanghai Hotels Ltd 10.54 10.76 -2%
Shangri-La Asia Limited 16.94 16.48 3%
kosmopolito Hotel International 1.31 1.36 -4%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 63.7 62.0 3%
EIH (Oberoi Hotels & Resorts) 85.6 84.9 1%
Hotel Leela Ventures 33.5 31.6 6%
Korea Exchange (KRW)
The Shilla 48,250 47,500 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.42 0.39 8%
Ascott Residence Trust 1.07 1.08 -1%
Banyan Tree Holdings Limited 0.68 0.69 -1%
CDL HTrust 1.74 1.73 1%
Hotel Grand Central Ltd 0.81 0.82 -1%
Hotel Properties Ltd 1.96 1.91 3%
Mandarin Oriental International Ltd (US$) 1.62 1.58 3%
Pan Pacific Hotels Group Limited 1.80 1.80 -
Shangri-La Asia Limited (HK$) 16.44 16.22 1%
Stamford Land Corporation Ltd 0.56 0.54 4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 418 435 -4%
The Ambassador Hotel, Ltd 37.40 40.50 -8%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 18,700 18,933 -1%
Imperial Hotel, Ltd 2,228 2,470 -10%
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