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Featured in this Asia Pacific Hospitality Newsletter |
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Dusit International will open its property on the Pacific island of Guam, following the signing of a hotel management agreement with hotel owners, Tanota Partners. The beachfront Dusit Thani Guam is scheduled for a soft opening in late 2013 and will feature 417 rooms and the island's largest conference centre. Under a partnership agreement to educate and train Guam professionals in international hospitality, scholarships at the Dusit Thani College in Bangkok, culinary and training classes in Guam and bi-lateral internship exchange programs, will be available once the hotel is fully operational. In addition, Dusit International will be opening a new regional sales office in Tokyo later this year as part of its expansion of the company's hotel support facilities.
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From 1 October, Indonesian airport authority, PT Angkasa Pura II, will integrate airport tax into air tickets. Indonesia's national carrier, Garuda Indonesia, has begun including the passenger service charge, or airport tax, on prices of tickets departing from Jakarta's Soekarno-Hatta International Airport. Currently, this integration only concerns domestic flights of Garuda Indonesia, however there are plans for other airlines and international flights to follow suit. PT Angkasa Pura II hopes to have all airports integrate the airport tax into air tickets by 2014.
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Millennium & Copthorne (M&C) continues its expansion into China with the signing of the Millennium Hangzhou Resort, its first resort hotel in the country. Since its entry into China in 2006, M&C currently has six properties and will increase its portfolio there to nine properties with the opening of the M Hotel Chengdu, Millennium Fuqing and the Millennium Hangzhou Resort, over the next three years. The new additions to M&C's portfolio are in line with its strategy to expand its presence in China. The Millennium Hangzhou Resort is owned by Shanghai Seagull Holding Group, which also owns the Millennium Hongqiao Hotel in Shanghai, M&C's first managed hotel in China.
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Singapore Airlines' (SIA) low-cost carrier, Scoot, and Tiger Airways, which is partially owned by SIA, have signed a partnership which will see them offering joint itineraries on routes via their mutual hub in Singapore. Under the initial phase of this agreement, passengers will be able to purchase a single travel itinerary from Scoot's Australian destinations of Sydney and the Gold Coast, to three of Tiger's Asian destinations of Phuket, Ho Chi Minh City and Kuala Lumpur, via Singapore. Passengers will be issued a single ticket, however they will have to pass through immigration and collect their baggage before checking into the second leg of their flight. In a second phase starting in November, passengers will be able to avoid the secondary check-in and immigration procedure.
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EAST, Beijing has opened in the Chinese capital, making it Swire Hotels' second property in the city after The Opposite House in Sanlitun Village. EAST, Beijing follows the opening of the first EAST Hotel in Hong Kong in 2010, and is located in Jiangtai in the Chaoyang District. The 369-room hotel is located within a mixed-use development INDIGO, comprising of a shopping mall, a 25-storey Grade-A office tower and a 17 hectare park which is currently in development. The property features a social business lounge, two restaurants, a multi-element bar, café, fitness centre and an indoor swimming pool. EAST, Beijing has been designed to meet the needs of a business traveller and is located close in proximity to the Central Business District of Beijing and the Wangjing area.
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Absolute Share Price Performance, as at 5 October 2012
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Closing Share Price as at |
5 October 2012
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28 September 2012
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
6.94
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6.70
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4%
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General Property Group |
3.52
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3.40
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4%
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Mirvac Group |
1.51
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1.43
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5%
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Ocean Capital Limited |
0.14
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0.14
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-
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Thakral Holdings Group |
0.79
| 0.80
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-1%
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
18.20
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17.30
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5%
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Dusit Thani Public Co Ltd |
46.75
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46.75
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-
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The Erawan Group Public Co Ltd |
3.34
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3.04
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10%
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Grande Asset Hotels and Property Public Co Ltd |
1.42
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1.34
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6%
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Laguna Resorts & Hotel Public Co Ltd |
36.75
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36.25
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1%
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Minor International Public Co Ltd |
17.19
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15.40
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12%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
15.05
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15.05
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-
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Beijing Capital Tourism Co Ltd |
11.89
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11.89
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-
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Jinling Hotel Corporation Ltd |
6.84
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6.84
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-
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
4.45
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4.45
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-
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Guangzhou Dong Fang Hotel Co Ltd |
7.27
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7.27
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-
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Shenzhen Century Plaza Hotel Co Ltd |
4.34
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4.43
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-2%
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NASDAQ (US$) |
China Lodging Group, Limited
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16.50
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16.69
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-1%
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Home Inns & Hotels Management Inc |
26.30
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24.80
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6%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.94
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9.26
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7%
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Regal Hotels International Holdings Ltd |
3.40
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3.36
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1%
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Sino Hotels Holdings Ltd |
2.70
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2.70
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-
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The Hong Kong & Shanghai Hotels Ltd |
9.63
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9.18
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5%
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Shangri-La Asia Limited |
15.36
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15.04
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2%
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Dorsett Hospitality International
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1.90
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1.92
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-1%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
66.65
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70.10
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-5%
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EIH (Oberoi Hotels & Resorts) |
79.25
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80.10
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-1%
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Hotel Leela Ventures |
31.95
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30.75
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4%
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Korea Exchange (KRW) |
The Shilla |
53,600
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55,400
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-3%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.41
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0.41
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-
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Ascendas Hospitality Trust
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0.91
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0.91
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-
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Ascott Residence Trust |
1.27
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1.25
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2%
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Banyan Tree Holdings Limited |
0.64
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0.61
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5%
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CDL Hospitality Trusts
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2.10
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2.03
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3%
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Far East Hospitality Trust
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1.06
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1.03
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3%
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Hotel Grand Central Ltd |
0.89
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0.90
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-1%
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Hotel Properties Ltd |
2.83
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2.77
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2%
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Mandarin Oriental International Ltd (US$) |
1.50
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1.45
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3%
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Pan Pacific Hotels Group Limited |
2.29
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2.29
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-
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Shangri-La Asia Limited (HK$)
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15.00
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14.78
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1%
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Stamford Land Corporation Ltd |
0.57
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0.58
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-2%
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
347
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352
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-1%
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The Ambassador Hotel, Ltd |
32.80
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33.20
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-1%
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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21,700
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22,000
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-1%
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Imperial Hotel, Ltd |
2,200
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2,100
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5%
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Return to Headlines |
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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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