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May 18, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
U Hotel To Debut In Sapa, Vietnam
Accor To Reopen Hotels In Christchurch
China’s First Capsule Hotel Opens In Xi’an
Regal Signs New Airport Hotel In Xi’an
Accor Unveils First Pullman Hotel In India
Absolute Share Price Performance, as at 18 May 2012
U Hotel To Debut In Sapa, Vietnam Return to Headlines

Absolute Hotel Services has signed a management contract for a new resort in Sapa, Vietnam, with Sapa Petro Tourist Jointstock Company. The U Sapa Resort is scheduled to open in early 2013 in the heart of the city close to City Centre Park. The 57-room hotel, to be designed in a French-colonial style, will offer amenities such as rain showers, LCD televisions and iPods with a selection of music in all the guestrooms. Other facilities will include a restaurant, lounge bar, library with internet access, fitness centre and spa. The hotel will also offer the brand’s signature concepts, such as free Wi-Fi, ‘wherever/whenever breakfast’ and 24-hour room use.

Accor To Reopen Hotels In Christchurch Return to Headlines

Accor has announced plans to reopen two of its major hotels in Christchurch, New Zealand, over a year after a devastating earthquake struck the town in February 2012. Hotel Ibis Christchurch is the first hotel scheduled to reopen, with a target date of September 2012. Novotel Christchurch will follow, with a planned reopening date of April 2013. Decisions on the future of Accor's two All Seasons hotels in Christchurch are still pending as access – particularly to the Cashel Street property – has been severely restricted by ongoing demolition work in the area. According to Accor, there is a critical shortage of accommodation in Christchurch and the reopening of these hotels will allow significant progress to be made in reviving Christchurch’s commercial and tourist fortunes.

China’s First Capsule Hotel Opens In Xi’an Return to Headlines

China's first capsule hotel has opened in Xi'an on 26 April, occupying an entire floor of a commercial plaza near Xi'an Train Station. Costing RMB1.5 million to fit out, the hotel contains 86 orange-colour capsules in 9 rooms. Each capsule is equipped with a television, dresser, computer desk and wireless broadband. In addition, self-service washing machines, a mini supermarket and leisure areas are also provided for common use. One night’s stay in the capsule costs as little as RMB50. According to the manager of the hotel, the hotel has gained in popularity among young travellers, especially students.

Regal Signs New Airport Hotel In Xi’an Return to Headlines
Regal Hotels International is bringing a new five-star hotel to Xi'an in China’s Shaanxi Province, by the second quarter of 2014, with the planned property situated adjacent to the Xi'an Xianyang International Airport. The Regal Airport Hotel will be next to Terminal 3A, and 30 kilometres from downtown Xi'an. With a building area of approximately 54,000 square metres, the eight-storey hotel will feature 300 guestrooms and facilities including a coffee shop, 2 restaurants, a swimming pool, a spa and a fitness centre. It will also feature extensive meeting space, including a grand ballroom. This project is part of an agreement signed between Regal Hotels International and Xi'an Xianyang International Airport Co Ltd.
Accor Unveils First Pullman Hotel In India Return to Headlines
Accor unveiled its first Pullman hotel in India, the Pullman Gurgaon Central Park, located in the National Capital Region of Delhi. The opening of this property represents a double milestone – the debut of the Pullman brand in India and the establishment of Accor’s 500th hotel in Asia Pacific. The hotel boasts 285 rooms, 3 restaurants, 2 bars, a spa, a fitness centre and over 1,700 square metres of conference and meeting space. In addition to Pullman Gurgaon Central Park, Accor operates another 16 hotels in India.
Absolute Share Price Performance, as at 18 May 2012
Closing Share Price as at 18 May 2012 11 May 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.20 6.48 -4%
General Property Group 3.16 3.20 -1%
Mirvac Group 1.25 1.30 -3%
Ocean Capital Limited 0.18 0.18 -
Thakral Holdings Group 0.750 0.750 -
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 11.80 13.10 -10%
Dusit Thani Public Co Ltd 34.00 34.00
The Erawan Group Public Co Ltd 2.58 2.78 -7%
Grande Asset Hotels and Property Public Co Ltd 1.19 1.35 -12%
Laguna Resorts & Hotel Public Co Ltd 39.50 40.50 -2%
Minor International Public Co Ltd 12.60 14.30 -12%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.33 16.65 -2%
Beijing Capital Tourism Co Ltd 12.92 13.31 -3%
Jinling Hotel Corporation Ltd 7.74 8.00 -3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.47 5.05 8%
Guangzhou Dong Fang Hotel Co Ltd 7.27 7.77 -6%
Shenzhen Century Plaza Hotel Co Ltd 4.94 4.94
Home Inns & Hotels Management Inc 21.70 24.03 -10%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.30 8.55 -3%
Regal Hotels International Holdings Ltd 2.81 2.81 -
Sino Hotels Holdings Ltd 2.38 2.43 -2%
The Hong Kong & Shanghai Hotels Ltd 10.20 10.10 1%
Shangri-La Asia Limited 15.32 15.82 -3%
kosmopolito Hotel International 1.11 1.27 -13%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 59.1 58.6 1%
EIH (Oberoi Hotels & Resorts) 78.6 79.6 -1%
Hotel Leela Ventures 30.3 31.4 -3%
Korea Exchange (KRW)
The Shilla 47,050 52,400 -10%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.35 0.38 -8%
Ascott Residence Trust 1.06 1.09 -3%
Banyan Tree Holdings Limited 0.57 0.60 -5%
CDL HTrust 1.74 1.91 -9%
Hotel Grand Central Ltd 0.75 0.80 -6%
Hotel Properties Ltd 1.85 1.93 -4%
Mandarin Oriental International Ltd (US$) 1.32 1.45 -9%
Pan Pacific Hotels Group Limited 1.80 1.75 3%
Shangri-La Asia Limited (HK$) 15.02 15.60 -4%
Stamford Land Corporation Ltd 0.53 0.55 -4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 339 385 -12%
The Ambassador Hotel, Ltd 30.85 33.85 -9%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 19,190 19,330 -1%
Imperial Hotel, Ltd 2,300 2,420 -5%
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