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5 October 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Dusit to Enter Guam
Indonesia Airport Tax to be Included in Air Ticket
Millennium & Copthorne Increases Presence in China
Scoot and Tiger Airways Form Partnership
Swire Opens Second Property in Beijing
Absolute Share Price Performance, as at 5 October 2012
Dusit to Enter Guam Return to Headlines

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.

Indonesia Airport Tax to be Included in Air Ticket Return to Headlines

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.

Millennium & Copthorne Increases Presence in China Return to Headlines

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.

Scoot and Tiger Airways Form Partnership Return to Headlines
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.
Swire Opens Second Property in Beijing Return to Headlines
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.
Absolute Share Price Performance, as at 5 October 2012
Closing Share Price as at 5 October 2012 28 September 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.94 6.70 4%
General Property Group 3.52 3.40 4%
Mirvac Group 1.51 1.43 5%
Ocean Capital Limited 0.14 0.14 -
Thakral Holdings Group 0.79 0.80 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 18.20 17.30 5%
Dusit Thani Public Co Ltd 46.75 46.75 -
The Erawan Group Public Co Ltd 3.34 3.04 10%
Grande Asset Hotels and Property Public Co Ltd 1.42 1.34 6%
Laguna Resorts & Hotel Public Co Ltd 36.75 36.25 1%
Minor International Public Co Ltd 17.19 15.40 12%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.05 15.05 -
Beijing Capital Tourism Co Ltd 11.89 11.89 -
Jinling Hotel Corporation Ltd 6.84 6.84 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.45 4.45 -
Guangzhou Dong Fang Hotel Co Ltd 7.27 7.27 -
Shenzhen Century Plaza Hotel Co Ltd 4.34 4.43 -2%
China Lodging Group, Limited 16.50 16.69 -1%
Home Inns & Hotels Management Inc 26.30 24.80 6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.94 9.26 7%
Regal Hotels International Holdings Ltd 3.40 3.36 1%
Sino Hotels Holdings Ltd 2.70 2.70 -
The Hong Kong & Shanghai Hotels Ltd 9.63 9.18 5%
Shangri-La Asia Limited 15.36 15.04 2%
Dorsett Hospitality International 1.90 1.92 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 66.65 70.10 -5%
EIH (Oberoi Hotels & Resorts) 79.25 80.10 -1%
Hotel Leela Ventures 31.95 30.75 4%
Korea Exchange (KRW)
The Shilla 53,600 55,400 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.41 0.41 -
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.27 1.25 2%
Banyan Tree Holdings Limited 0.64 0.61 5%
CDL Hospitality Trusts 2.10 2.03 3%
Far East Hospitality Trust 1.06 1.03 3%
Hotel Grand Central Ltd 0.89 0.90 -1%
Hotel Properties Ltd 2.83 2.77 2%
Mandarin Oriental International Ltd (US$) 1.50 1.45 3%
Pan Pacific Hotels Group Limited 2.29 2.29 -
Shangri-La Asia Limited (HK$) 15.00 14.78 1%
Stamford Land Corporation Ltd 0.57 0.58 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 347 352 -1%
The Ambassador Hotel, Ltd 32.80 33.20 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,700 22,000 -1%
Imperial Hotel, Ltd 2,200 2,100 5%
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HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Natwar Nagar
HVS New Delhi
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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