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19 October 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
AirAsia Launches Lombok Route
Accor Introduces Ibis Styles in Malaysia
Jumeirah Partners with Ctrip
Wyndham Expands in Indonesia
Hilton Expands in Okinawa
Absolute Share Price Performance, as at 19 October 2012
AirAsia Launches Lombok Route Return to Headlines

Malaysian-based low cost carrier, AirAsia, has launched its inaugural flight from Kuala Lumpur (KL) to the Indonesian island of Lombok. The KL-Lombok direct route is the 15th Indonesian city that AirAsia is operating from KL and will be flown three times a week. Located in the West Nusa Tenggara, close to Bali, Lombok is one of Indonesia's emerging tourist destinations. Tourism destinations in Lombok include Mount Rinjani, the Gili Islands and Narmada Park. With this new service, this is the only scheduled direct air link between the Malaysian capital and Lombok.

Accor Introduces Ibis Styles in Malaysia Return to Headlines

The opening of the ibis Styles Kuala Lumpur Fraser Business Park and ibis Styles Kuala Lumpur Cheras will mark the debut of ibis Styles in Malaysia. The brand, which is Accor's premium economy and design hotels, is known for its all-inclusive accommodation, which includes breakfast and complimentary internet access. When opened, ibis Styles Kuala Lumpur Fraser Business Park will be one of the largest ibis Styles hotels in Asia Pacific. Located in Fraser Business Park, KL's newest shopping and lifestyle development, the property will have 500 rooms. ibis Styles Kuala Lumpur Cheras is located 15-minutes away from Kuala Lumpur City Centre and features 156 rooms. Both properties will be opened by October 2012.

Jumeirah Partners with Ctrip Return to Headlines

Dubai-based Jumeirah Group has signed a Global Direct Connectivity Partnership Agreement with China's online travel agency, Ctrip, to increase their presence in China. This new partnership will enable Ctrip customers to make reservations more efficiently for Jumeirah hotels. This move marks the latest phase in Jumeirah's Chinese strategy, with Chinese visitors representing the sixth largest source market for the group. Currently, the hotel chain has one hotel in China, the Jumeirah Himalayas, with five more properties scheduled to open, including the Jumeirah Guangzhou, Jumeirah Macau, Jumeirah Clearwater Bay Resort in Sanya, Jumeirah Hangzhou and Jumeirah Thousand Island Lake Resort in Qiandaohu.

Wyndham Expands in Indonesia Return to Headlines
Wyndham Hotel Group has signed four deals for hotels in Indonesia, including the debut of Howard Johnson in the country. The US hotel company will launch three Howard Johnson properties in Indonesia, the Howard Johnson Bali Benoa, Howard Johnson Surabaya East and Howard Johnson Makassar Central. Another Wyndham property, the Ramada Bali Lake Buyan, will also be opening in the country. The company currently has three properties in Bali, all operating under the Ramada brand. With this deal, Ramada's Indonesia portfolio will more than double, bringing it to seven properties in total. Wyndham currently has more than 540 hotels open in Asia Pacific and has also recently launched its extended stay Hawthorn Suites by Wyndham brand in India.
Hilton Expands in Okinawa Return to Headlines
The Hilton Hotels & Resorts brand has re-entered Okinawa with the signing of the Hilton Okinawa Chatan, making this the second Hilton Worldwide property in the city and the 11th in the country. The company announced the signing of a management agreement with Chatan Hotel & Resort Corporation, a subsidiary of Orix Real Estate Corporation, to manage the Hilton Okinawa Chatan in central Chatan, Okinawa. The property is scheduled to open in 2014 and will feature 346 rooms and will be located in Mihama, facing the Mihama American Village, which is one of the largest shopping complexes in Okinawa. Hilton Worldwide currently operates the DoubleTree by Hilton in Okinawa.
Absolute Share Price Performance, as at 19 October 2012
Closing Share Price as at 19 October 2012 12 October 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 7.10 7.00 1%
General Property Group 3.56 3.55 -
Mirvac Group 1.52 1.51 1%
Ocean Capital Limited 0.14 0.14 -
Thakral Holdings Group 0.80 0.80 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 19.50 18.90 3%
Dusit Thani Public Co Ltd 48.75 48.75 -
The Erawan Group Public Co Ltd 3.34 3.20 4%
Grande Asset Hotels and Property Public Co Ltd 1.40 1.43 -2%
Laguna Resorts & Hotel Public Co Ltd 36.75 36.50 1%
Minor International Public Co Ltd 18.50 18.00 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.30 15.28 -
Beijing Capital Tourism Co Ltd 11.93 11.74 2%
Jinling Hotel Corporation Ltd 6.98 6.90 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.46 4.42 1%
Guangzhou Dong Fang Hotel Co Ltd 7.19 7.25 -1%
Shenzhen Century Plaza Hotel Co Ltd 4.38 4.37 -
China Lodging Group, Limited 17.24 16.79 3%
Home Inns & Hotels Management Inc 28.20 27.55 2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.08 10.04 -
Regal Hotels International Holdings Ltd 3.45 3.44 -
Sino Hotels Holdings Ltd 2.60 2.60 -
The Hong Kong & Shanghai Hotels Ltd 10.02 9.69 3%
Shangri-La Asia Limited 15.74 15.46 2%
Dorsett Hospitality International 1.79 1.83 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 66.45 68.85 -3%
EIH (Oberoi Hotels & Resorts) 77.70 77.80 -
Hotel Leela Ventures 30.40 30.80 -1%
Korea Exchange (KRW)
The Shilla 48,900 51,200 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.44 0.41 7%
Ascendas Hospitality Trust 0.91 0.90 1%
Ascott Residence Trust 1.28 1.27 1%
Banyan Tree Holdings Limited 0.66 0.64 3%
CDL Hospitality Trusts 2.05 2.08 -1%
Far East Hospitality Trust 1.01 1.02 -1%
Hotel Grand Central Ltd 0.91 0.90 1%
Hotel Properties Ltd 2.73 2.75 -1%
Mandarin Oriental International Ltd (US$) 1.50 1.50 -1%
Pan Pacific Hotels Group Limited 2.26 2.27 -
Shangri-La Asia Limited (HK$) 15.00 15.00 -
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 341 333 2%
The Ambassador Hotel, Ltd 32.40 31.00 5%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,720 21,550 1%
Imperial Hotel, Ltd 2,102 2,121 -1%
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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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