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9 November 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Golden Tulip Enters Indonesia Market
Mandala Airlines to Increase Routes in December
Marriott Debuts Autograph Collection in Asia
Thomson and First Choice to Fly Direct to Phuket
Accors Expands into Bangladesh
Absolute Share Price Performance, as at 9 November 2012
Golden Tulip Enters Indonesia Market Return to Headlines

Tulip Group is set to enter the Indonesian market in 2014 with its 4-star brand, Golden Tulip Hotel, which targets both business and leisure travellers. The group, which merged with Louvre Hotels Group in 2011, has signed eight deals in Indonesia, with an additional 15 undergoing negotiations. Golden Tulip will debut in Indonesia with the opening of four hotels in Bali, one hotel in Bekasi, one hotel in Bandung, one hotel in Yogyakarta and one in Bogor. Louvre Hotels Group is owned by Starwood Capital Group and currently has more than 1,050 hotels in 42 countries.

Mandala Airlines to Increase Routes in December Return to Headlines

Indonesian based Mandala Airlines will open four new flight routes in December that will connect West Sumatra and Bali with other major cities in Indonesia and Singapore. The new routes will be: Padang-Jakarta, Padang-Singapore, Denpasar-Surabaya and Denpasar-Singapore. Mandala Airlines, which is the Indonesian subsidiary of Singapore-based Tiger Airways, expects the new flight routes to contribute to the growth of the economy of Padang and the West Sumatra province. The province is anticipating infrastructure and human resource improvements to handle the increase in tourist arrivals to Padang.

Marriott Debuts Autograph Collection in Asia Return to Headlines

Marriott's brand for independent hotels, Autograph Collection, has made its debut in Asia with the opening of The Stones Hotel Legian in Bali. The property is Marriott's 36th property under the brand's global portfolio and the brand is expected to expand to 40 hotels by the end of 2012. Autograph Collection is Marriott's exclusive portfolio of independent hotels and each hotel has its own distinct identity. The Stones Hotel Legian features 330-rooms and suites, and the focal point of the hotel is the 3,000 square metres pool which is surrounded by private cabanas. Located adjacent to one of the island's most popular beaches, The Stones Hotel Legian is situated 20 minutes from Ngurah Rai International Airport and within walking distance to shopping, restaurants and leisure activities located in Kuta, Legian and Seminyak.

Thomson and First Choice to Fly Direct to Phuket Return to Headlines
UK-based Thomson and First Choice is set to launch direct flights from London Gatwick to Phuket from November 2013, making them the only UK holiday company to fly directly from the UK to Phuket. The new flight will be on the company's newly acquired fleet of Thomson 787 Dreamliner aircraft, which is preparing for service on long-haul routes to Florida and Mexico from May 2013. Thomson and First Choice will also be incorporating the flights with its concept hotels in the region, such as First Choice SplashWorld and a Thomson Couples property in the resorts of Krabi, Khao Lak and Phuket.
Accors Expands into Bangladesh Return to Headlines
Accor has announced that it will expand into Bangladesh with the opening of two properties - Novotel Dhaka Gulshan Avnue and Novotel Chittagong, making the destination the group's 17th market in Asia Pacific. Both properties will be under management contracts and will add over 350 rooms to the capital, Dhaka, and Chittagong, both being the two largest cities in Bangladesh. The Novotel Dhaka Gulshan Avenue will be located in the diplomatic and business district of Dhaka and will have 185 rooms, while the 170-room Novotel Chittagong will be located in the city's main business direct. Bangladesh has enjoyed significant economic expansion over the last ten years and is currently the second largest exporter of textiles globally. Accor will operate over 560 hotels in Asia Pacific by 2012, including 19 hotels in India. The group aims to operate 700 hotels in the region by 2015, including a target of 90 hotels in South Asia.
Absolute Share Price Performance, as at 9 November 2012
Closing Share Price as at 9 November 2012 2 November 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.65 6.76 -2%
General Property Group 3.48 3.49 -
Mirvac Group 1.45 1.47 -1%
Ocean Capital Limited 0.14 0.14 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 23.30 20.40 14%
Dusit Thani Public Co Ltd 48.75 49.00 -1%
The Erawan Group Public Co Ltd 3.38 3.40 -1%
Grande Asset Hotels and Property Public Co Ltd 1.48 1.47 1%
Laguna Resorts & Hotel Public Co Ltd 35.50 36.00 -1%
Minor International Public Co Ltd 19.80 18.50 7%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.50 14.81 -2%
Beijing Capital Tourism Co Ltd 11.33 11.61 -2%
Jinling Hotel Corporation Ltd 6.77 6.98 -3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.06 4.36 -7%
Guangzhou Dong Fang Hotel Co Ltd 6.95 6.98 -
Shenzhen Century Plaza Hotel Co Ltd 4.36 4.42 -1%
China Lodging Group, Limited 16.68 16.60 -
Home Inns & Hotels Management Inc 28.10 28.26 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.85 9.88 -
Regal Hotels International Holdings Ltd 3.42 3.47 -1%
Sino Hotels Holdings Ltd 2.51 2.53 -1%
The Hong Kong & Shanghai Hotels Ltd 10.20 10.30 -1%
Shangri-La Asia Limited 15.44 15.26 1%
Dorsett Hospitality International 1.76 1.78 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 63.65 63.80 -
EIH (Oberoi Hotels & Resorts) 89.40 74.90 19%
Hotel Leela Ventures 29.60 29.85 -1%
Korea Exchange (KRW)
The Shilla 50,800 48,200 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.41 0.42 -2%
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.29 1.28 1%
Banyan Tree Holdings Limited 0.62 0.64 -3%
CDL Hospitality Trusts 1.92 1.97 -3%
Far East Hospitality Trust 1.00 0.98 2%
Hotel Grand Central Ltd 0.90 0.90 -
Hotel Properties Ltd 2.60 2.62 -1%
Mandarin Oriental International Ltd (US$) 1.45 1.48 -2%
Pan Pacific Hotels Group Limited 2.24 2.24 -
Shangri-La Asia Limited (HK$) 15.50 15.50 -
Stamford Land Corporation Ltd 0.55 0.56 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 332 312 6%
The Ambassador Hotel, Ltd 30.50 30.00 2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 22,600 22,800 -1%
Imperial Hotel, Ltd 2,104 2,110 -
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Michelle Hui
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Mark Keith & Daniel Voellm
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Kaushik Vardharajan
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Adeline Phua
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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.

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