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2 November 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Alila Set to Launch Phinisi Boat
MAS to Join Oneworld in February
Starwood Opens Luxury Collection in Samui
Korea Lifts Hurdle for Foreign Investors Opening Casinos
Qatar Increases Yangon Flight Frequency Due to Strong Demand
Absolute Share Price Performance, as at 2 November 2012
Alila Set to Launch Phinisi Boat Return to Headlines

Alila Hotels and Resorts is set to launch its own luxury wooden Phinisi sailing boat, the Alila Purnama, in December 2012. Translated as The Full Man, the Alila Purnama will be the most luxurious live-aboard Phinisi boat in the region and can accommodate up to 10 guests and 16 crew members. Alila Purnama will feature a library, lounge, bar, indoor dining area, outdoor deck and complimentary WiFi access onboard. The boat's first sail will be from West Papua province's Raja Ampat in Indonesia and will take guests on a six-day sea and island-hopping journey around Raja Ampat islands including Gam, Miskon and Yangello.

MAS to Join Oneworld in February Return to Headlines

Malaysia Airlines (MAS) has received clearance and will become a full member of airline alliance, Oneworld, from February 2013. MAS' application into Oneworld was previously faced with uncertainties due to the company's net loss of US$820 million in 2011. However since relaunching new routes and embarking on a fleet realignment strategy, the airline has shown a decrease in operating loss in the second quarter of 2012. The addition of MAS to the Oneworld network will substantially increase the alliance's network in Southeast Asia, adding 14 destinations to Oneworld's route map. MAS will also be the first member airline that flies to Brunei. Oneworld's current global coverage will be expanded to 840 destinations in 156 countries with the inclusion of MAS into the alliance.

Starwood Opens Luxury Collection in Samui Return to Headlines

Starwood Hotels & Resorts will open its first Luxury Collection resort on Koh Samui in 2013. The Vana Belle resort is set to open in January 2013 and will be Starwood's third Luxury Collection hotel in Thailand. The property will be located in a private cove close to Chaweng Beach. The property has been designed as a luxury retreat and will include 80 suites and villas, measuring from 86-211 square metres, of which all will come with private pools. Facilities at the Vana Belle resort will include two restaurants - Kiree, an indoor and alfresco restaurant serving International cuisine and Panali, a beachside Italian restaurant, as well as a spa, library and fitness centre.

Korea Lifts Hurdle for Foreign Investors Opening Casinos Return to Headlines
Recent relaxation of rules by the South Korean government will now enable foreign investors to face fewer hurdles to open new casinos in the country. The recent revision will now make it easier for foreign investors to open foreigners-only casinos in South Korea's Free Economic Zones (FEZs). Prior to the revision, foreign investors had to make an outlay of at least US$300 million before applying for a permit to open a foreigners-only casino with no guarantee of obtaining such a permit despite the investment, resulting in few investors. With the revision, foreign investors need only to invest US$30 million when applying for a permit. However, investors must invest a total of US$500 million within four years from the permit approval date, before being entitled to a final permit to operate a casino. US-based Caesars Entertainment Corp and Japan-based Okada Holdings have already expressed interest in investing in Incheon Free Economic Zone. Currently, 16 out of 17 casinos in South Korea are open exclusively to foreigners.
Qatar Increases Yangon Flight Frequency Due to Strong Demand Return to Headlines
Barely a month into the commencement of Qatar Airway's Doha-Yangon route after a four-year absence, the airline has increased this route's frequency due to strong demand. Initially operating thrice weekly flights, Qatar has increased its flights to Yangon and now operates on a daily basis. Much of the demand to Yangon stems from Europe, with key markets including the UK, France, Germany, Italy, Russia and Spain. However, lack of hotel accommodation in Yangon and around the country may deter any future increment in flight frequencies to Myanmar.
Absolute Share Price Performance, as at 2 November 2012
Closing Share Price as at 2 November 2012 26 October 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.76 6.86 -1%
General Property Group 3.49 3.51 -1%
Mirvac Group 1.47 1.52 -3%
Ocean Capital Limited 0.14 0.14 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 20.40 18.90 8%
Dusit Thani Public Co Ltd 49.00 49.25 -1%
The Erawan Group Public Co Ltd 3.40 3.28 4%
Grande Asset Hotels and Property Public Co Ltd 1.47 1.40 5%
Laguna Resorts & Hotel Public Co Ltd 36.00 35.50 1%
Minor International Public Co Ltd 18.50 17.50 6%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.81 14.70 1%
Beijing Capital Tourism Co Ltd 11.61 11.30 3%
Jinling Hotel Corporation Ltd 6.98 6.84 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.36 4.35 -
Guangzhou Dong Fang Hotel Co Ltd 6.98 6.96 -
Shenzhen Century Plaza Hotel Co Ltd 4.42 4.37 1%
China Lodging Group, Limited 16.60 16.96 -2%
Home Inns & Hotels Management Inc 28.26 28.56 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.88 10.06 -2%
Regal Hotels International Holdings Ltd 3.47 3.52 -1%
Sino Hotels Holdings Ltd 2.53 2.57 -2%
The Hong Kong & Shanghai Hotels Ltd 10.30 10.16 1%
Shangri-La Asia Limited 15.26 15.48 -1%
Dorsett Hospitality International 1.78 1.79 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 63.80 63.55 -
EIH (Oberoi Hotels & Resorts) 74.90 76.35 -2%
Hotel Leela Ventures 29.85 29.70 1%
Korea Exchange (KRW)
The Shilla 48,200 50,700 -5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.42 0.43 -2%
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.28 1.29 -1%
Banyan Tree Holdings Limited 0.64 0.64 -
CDL Hospitality Trusts 1.97 2.05 -4%
Far East Hospitality Trust 0.98 1.02 -4%
Hotel Grand Central Ltd 0.90 0.90 -
Hotel Properties Ltd 2.62 2.71 -3%
Mandarin Oriental International Ltd (US$) 1.48 1.50 -1%
Pan Pacific Hotels Group Limited 2.24 2.25 -
Shangri-La Asia Limited (HK$) 15.50 15.60 -1%
Stamford Land Corporation Ltd 0.56 0.57 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 312 326 -4%
The Ambassador Hotel, Ltd 30.00 30.90 -3%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 22,800 22,580 1%
Imperial Hotel, Ltd 2,110 2,200 -4%
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Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
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Natwar Nagar
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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.

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