HVS Website
16 November 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
1st Annual Indonesia Hospitality & Tourism Investment Conference - 8 & 9 May 2013, Ritz Carlton Pacific Place
Multi-million Dollar Investments for Cambodian Airports
Fairmont Debuts in the Philippines
Best Western to Quintuple Indonesia Portfolio
Ascott Launches Citadines in Chengdu
Absolute Share Price Performance, as at 16 November 2012
1st Annual Indonesia Hospitality & Tourism Investment Conference -
8 & 9 May 2013, Ritz Carlton Pacific Place
Return to Headlines

Invest in the World's Largest Archipelago: Indonesia

Co-hosted by the Ministry of Tourism and Creative Economy and HVS Global Hospitality Services, the inaugural Indonesia Hospitality and Tourism Investment Conference (IHT) will be held on 8 to 9 May 2013 at the Ritz-Carlton Pacific Place in Jakarta. Be the First to capitalise on the tremendous investment and business opportunities for your company in an archipelago of 242 million people - the fourth most populous country in the world.

Rich in natural resources and experiencing an era of dynamic economic progress, Indonesia is a market not to be missed. Domestic and international visitor arrival is expected to increase from the current 250 million to an estimated 400 million by 2022, reflecting an estimated five percent annual growth. An additional 100,000 guestrooms will be required, translating to an estimated 700 to 800 hotels to be built in the next decade, creating tremendous opportunities for developers, investors, financiers, hotel management groups, airlines companies, travel agencies, consultancies and other stakeholders.

IHT promises a great conference for delegates to acquire market insights, seek business opportunities and ideas, showcase your products, as well as connect with CEOs and decision-makers essential for the future of your businesses. Be there. Be seen. Be where the action is. Be on a journey to experience exponential growth and success.

Register Now to secure your seat at IHT. Early bird registration is open! For more information on IHT, visit: www.indonesiahospitalityconference.com

Multi-million Dollar Investments for Cambodian Airports Return to Headlines

Almost US$400 million will be invested in three of Cambodia's airports over the next eight years. Cambodia Airports, which is 70 per cent owned by France's VINCI Airports, will fund this project. An approximate US$80 million will be invested to expand the international terminal at Phnom Penh International Airport, while another US$100 million will be used to upgrade Siem Reap International Airport. Additionally, US$200 million is set to be invested in constructing a new runway for Sihanoukville Airport. Upon completion of the upgrading at Phnom Penh and Siem Reap's airports, the terminals of both airports will be able to increase their capacity each to five million passengers annually.

Fairmont Debuts in the Philippines Return to Headlines

Canadian-based Fairmont Hotels & Resorts has made its debut in the Philippines with the Fairmont Makati. Scheduled to open on 3 December, the property is located in Metro Manila, which is one of the major financial, commercial and economic hubs in Asia. Fairmont Makati features 280 rooms and suites and has been designed by leading architects, Arquitectonica and interior designers Bent Severin International. The hotel is housed in the same tower as the 32-room all-suite Raffles Makati hotel and the 237-unit Raffles Residences, which is a sister brand under Fairmont Raffles Hotels International, its parents company.

Best Western to Quintuple Indonesia Portfolio Return to Headlines

Best Western International is set to open 25 new hotels over the next three years in Indonesia. The new developments will span nine destinations and two of the company's brands - midscale Best Western and the luxury Best Western Premier, and will bring Best Western International's total inventory from 600 rooms to almost 3,500 by 2015. The company currently operates properties in Bali, Jakarta and Solo. With this expansion, Best Western International will open a property in Semarang by 2012, and will enter Banjarmasin, Makassar, Bogor, Palu and Malang in 2013, followed by properties in Bandung, Manado, Samarinda, Balikpapan, Pontianak and Surabaya from 2014 onwards.

Ascott Launches Citadines in Chengdu Return to Headlines

The Ascott Limited, CapitaLand's serviced residence business unit, will debut its Citadines brand in Chengdu in 2014. The 177-unit Citadines South Chengdu will add to Ascott's portfolio of 8,000 apartment units in 43 properties across 17 cities. Ascott currently operates one serviced residence in Chengdu under the Somerset brand and will open two Ascott-branded properties in the next two years. The company has approximately 70 Citadines-branded properties in Asia Pacific and Europe, of which nine are located in cities in China such as Shanghai, Hong Kong, Suzhou and Xi'an.

Absolute Share Price Performance, as at 16 November 2012
Closing Share Price as at 16 November 2012 9 November 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.59 6.65 -1%
General Property Group 3.40 3.48 -2%
Mirvac Group 1.45 1.45 -
Ocean Capital Limited 0.14 0.14 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 23.20 23.30 -
Dusit Thani Public Co Ltd 48.00 48.75 -2%
The Erawan Group Public Co Ltd 3.22 3.38 -5%
Grande Asset Hotels and Property Public Co Ltd 1.27 1.48 -14%
Laguna Resorts & Hotel Public Co Ltd 33.75 35.50 -5%
Minor International Public Co Ltd 19.00 19.80 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.45 14.50 -
Beijing Capital Tourism Co Ltd 10.58 11.33 -7%
Jinling Hotel Corporation Ltd 6.71 6.77 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 3.85 4.06 -5%
Guangzhou Dong Fang Hotel Co Ltd 6.71 6.77 -1%
Shenzhen Century Plaza Hotel Co Ltd 4.32 4.36 -1%
China Lodging Group, Limited 16.43 16.68 -1%
Home Inns & Hotels Management Inc 26.57 28.10 -5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.98 9.85 1%
Regal Hotels International Holdings Ltd 3.45 3.42 1%
Sino Hotels Holdings Ltd 2.50 2.51 -
The Hong Kong & Shanghai Hotels Ltd 10.70 10.20 5%
Shangri-La Asia Limited 15.24 15.44 -1%
Dorsett Hospitality International 1.72 1.76 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 62.20 63.65 -2%
EIH (Oberoi Hotels & Resorts) 70.15 89.40 -22%
Hotel Leela Ventures 29.35 29.60 -1%
Korea Exchange (KRW)
The Shilla 48,200 50,800 -5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.40 0.41 -2%
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.28 1.29 -1%
Banyan Tree Holdings Limited 0.63 0.62 2%
CDL Hospitality Trusts 1.88 1.92 -2%
Far East Hospitality Trust 0.99 1.00 -1%
Hotel Grand Central Ltd 0.88 0.90 -2%
Hotel Properties Ltd 2.50 2.60 -4%
Mandarin Oriental International Ltd (US$) 1.34 1.45 -8%
Pan Pacific Hotels Group Limited 2.24 2.24 -
Shangri-La Asia Limited (HK$) 14.80 15.50 -5%
Stamford Land Corporation Ltd 0.55 0.55 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 328 332 -1%
The Ambassador Hotel, Ltd 29.70 30.50 -3%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 23,070 22,600 2%
Imperial Hotel, Ltd 2,106 2,104 -
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
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