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Featured in this Asia Pacific Hospitality Newsletter |
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UK-based budget hotel company Premier Inn will be making its debut in Southeast Asia with the opening of the Premier Inn Jimbaran in Bali. Slated to open in the second half of 2013, this will be the company's first property in Asia, outside of India and the Middle East. The hotel is being developed by PT Alda Bali Indotel and will feature a restaurant, bar and swimming pool. Upon opening, it will join Premier Inn's current portfolio of 630 hotels. Premier Inn is now looking into expanding in other parts of Southeast Asia, including Singapore, Malaysia and Thailand, as well as increasing its prescence in Indonesia.
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Far East Orchard, a Singapore-based hotel company, has signed a memorandum of understanding (MoU) to acquire the Rendezvous hotel brand, which is the hospitality management business of the Straits Time Company. The MoU will give Far East a 50% interest in three hotels in Australia in addition to Far East Hospitality Trust's acquisition of the Rendezvous Grand Hotel Singapore and its retail component, Rendezvous Gallery Singapore. Far East currently operates eight upper mid-scale hotels in Singapore under the brands Village, Oasia and Quincy, as well as a range of serviced residences in both Singapore and Kuala Lumpur.
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Possible Partnership between Airports of Thailand and Myanmar Airports Authority
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Airports of Thailand (AoT) and Myanmar's Airport Authority are currently in talks which may enable both agencies to enter a partnership, including the possibility of AoT becoming a joint venture partner in Myanmar. AoT is keen in aiding in development of major infrastructure at Myanmar's airports, and a tie-up with the airport authority will also enable AoT to engage in airport operations and investments in countries such as Laos and Cambodia. With an expected increase in inbound traffic to Myanmar, the Yangon International Airport will undergo expansion to double its passenger capacity. Passenger traffic at Yangon airport is expected to grow by 20-23% annually for the next four years. Additionally, a new airport 50 kilometres from Yangon, the Hanthawaddy Airport in Bago, is set to be built. |
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Garuda Indonesia, Indonesia's flag carrier, seeks to raise at least US$200 million from bond sales next year to help finance expansion plans. The airline's issuance will comprise of bonds of both dollar- and rupiah-denominations, which will help minimise the amount of foreign-exchange loss. Proceeds from the sale of bonds will be sufficient to cover at least half of Garuda's capital expenditure for 2013, while the remaining expenses will be covered by bank loans. The airline has benefitted from the country's strong economic growth as Indonesia has marked an increase in domestic airline travel. Garuda has embarked on a Quantum Leap program, which will see a revitalisation of its fleet and network expansion. The airline currently operates 95 planes, and by 2015 this is expected to increase to 144. |
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Following the debut of the first Holiday Inn Express in India, the Holiday Inn Express Ahmedabad, IHG has announced that another 18 Holiday Inn Express hotels are expected to open within the next five years in key cities in India. The newly opened Holiday Inn Express Ahmedabad is a joint venture between IHG and Indian hospitality group, Duet India Hotels. The two groups will collaborate in the expansion of the Holiday Inn Express brand in India. The entry of the brand in India comes at a time where there is increasingly growing demand for high-quality and value for money hotels by both business and leisure travellers in India. Holiday Inn Express will also be expanding in Southeast Asia, with another 16 hotels expected to open in Thailand, Indonesia, Singapore and Malaysia.
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Australian-based StayWell Hospitality Group will debut in Indonesia, following the signing of a management agreement to operate the four-star Park Regis Kuta, Bali. The new hotel will be located on Jalan Raya Kuta, in close proximity to Kuta's main beach, shopping and entertainment areas. Due to open in early 2013, the Park Regis Kuta is owned by PT Rudy Indopratama Sejahtera. The hotel will comprise of 175 guest rooms, an al fresco café, restaurant, outdoor tropical swimming pool, health and wellness centre amongst other facilities. The company made its debut in Southeast Asia in 2010 with the opening of the Park Regis Singapore, and now plans to expand in India, China, Europe and Middle East.
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Absolute Share Price Performance, as at 30 November 2012
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Closing Share Price as at |
30 November 2012
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23 November 2012
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.94
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6.84
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1%
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General Property Group |
3.49
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3.48
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-
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Mirvac Group |
1.47
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1.46
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1%
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Ocean Capital Limited |
0.14
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0.14
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-
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
25.50
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25.25
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1%
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Dusit Thani Public Co Ltd |
47.00
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46.25
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2%
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The Erawan Group Public Co Ltd |
3.74
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3.50
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7%
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Grande Asset Hotels and Property Public Co Ltd |
1.33
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1.28
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4%
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Laguna Resorts & Hotel Public Co Ltd |
35.50
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34.00
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4%
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Minor International Public Co Ltd |
19.30
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19.90
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-3%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
13.91
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14.51
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-4%
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Beijing Capital Tourism Co Ltd |
9.67
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10.59
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-9%
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Jinling Hotel Corporation Ltd |
6.58
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6.79
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-3%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
3.70
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3.94
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-6%
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Guangzhou Dong Fang Hotel Co Ltd |
5.82
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6.51
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-11%
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Shenzhen Century Plaza Hotel Co Ltd |
3.69
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4.17
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-12%
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NASDAQ (US$) |
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China Lodging Group, Limited
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16.95
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16.76
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1%
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Home Inns & Hotels Management Inc |
26.88
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25.89
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4%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
10.14
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10.02
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1%
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Regal Hotels International Holdings Ltd |
3.50
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3.43
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2%
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Sino Hotels Holdings Ltd |
2.50
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2.50
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-
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The Hong Kong & Shanghai Hotels Ltd |
10.94
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11.02
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-1%
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Shangri-La Asia Limited |
15.00
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15.06
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-
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Dorsett Hospitality International
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1.87
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1.92
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-3%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
59.60
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61.05
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-2%
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EIH (Oberoi Hotels & Resorts) |
72.10
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71.05
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1%
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Hotel Leela Ventures |
30.60
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30.85
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-1%
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Korea Exchange (KRW) |
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The Shilla |
48,300
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46,450
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4%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.42
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0.41
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2%
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Ascendas Hospitality Trust
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0.91
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0.91
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-
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Ascott Residence Trust |
1.32
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1.29
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2%
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Banyan Tree Holdings Limited |
0.64
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0.60
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7%
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CDL Hospitality Trusts
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1.92
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1.91
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1%
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Far East Hospitality Trust
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0.99
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0.98
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1%
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Hotel Grand Central Ltd |
0.89
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0.89
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-
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Hotel Properties Ltd |
2.63
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2.64
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-
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Mandarin Oriental International Ltd (US$) |
1.38
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1.36
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1%
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Pan Pacific Hotels Group Limited |
2.24
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2.24
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-
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Shangri-La Asia Limited (HK$)
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15.08
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15.00
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1%
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Stamford Land Corporation Ltd |
0.55
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0.55
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-
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
345
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334
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3%
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The Ambassador Hotel, Ltd |
30.85
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29.60
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4%
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Tokyo Stock Exchange (JPY) |
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Japan Hotel REIT Investment Corp.
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24,090
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23,980
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-
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Imperial Hotel, Ltd |
2,150
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2,200
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-2%
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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. |
