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7 September 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
IHG Expands Presence in Indonesia
Qantas and Emirates Form Global Partnership
China Becomes Pullman's Biggest Market
Singapore Airlines to Launch Yangon Route
Tourism Numbers in Malaysia Continue to Increase
Absolute Share Price Performance, as at 7 September 2012
IHG Expands Presence in Indonesia Return to Headlines

InterContinental Hotels Group (IHG) has revealed an expansion plan for Indonesia, with a strong pipeline in the midscale segment for Holiday Inn and Holiday Inn Express. IHG will also strengthen its presence in the country with the launch of Hotel Indigo. A total of three Holiday Inn and nine Holiday Inn Express properties are set to open in the next three years, while Hotel Indigo is set to make its debut in 2016 with the Hotel Indigo Jakarta Kemang. Currently, IHG has four brands present in Indonesia - Holiday Inn, Holiday Inn Express, InterContinental and Crowne Plaza.

Qantas and Emirates Form Global Partnership Return to Headlines

A new partnership agreement between Qantas and Emirates will see Qantas reroute its European flights and moving its European hub from Singapore to Dubai. Alongside this 10-year agreement, Qantas has also announced the termination of its 17-year joint business venture with British Airways. Both airlines will codeshare on a range of routes, collaborate on pricing, sales and scheduling. With this partnership, Qantas will fly daily A380 services from both Sydney and Melbourne to London via Dubai. Between the two airlines, there will be 98 weekly services between Australia and Dubai.

China Becomes Pullman's Biggest Market Return to Headlines

The opening of the Pullman Anshan Time Square in Anshan marks Pullman's 14th property in China and illustrates the brand's vigorous expansion in the country. The property is the upscale business hotel brand's debut in Anshan, which has been dubbed China's "Capital of Iron and Steel", and is the second Accor hotel in the city. With a pipeline of 26 properties scheduled to open by 2015, China is now the largest country market in Pullman's portfolio.

Singapore Airlines to Launch Yangon Route Return to Headlines
Catering to the increasingly growing demand for both business and leisure travel to Myanmar, Singapore Airlines will launch daily services to Yangon, alongside the existing Yangon route offered by its subsidiary, Silkair. The new Yangon route offered by SIA will commence operations on 28 October. With this new flight route, the SIA Group will have a total of 16 flights weekly to Yangon, serviced by both SIA and Silkair.
Tourism Numbers in Malaysia Continue to Increase Return to Headlines
Malaysia has registered a growth of 2.4% in tourist arrivals for the first half of 2012. Having recorded 11,632,483 tourist arrivals during this period, the country has generated tourism receipts of RM26.8 billion, or a 4.0% increase from the same period in 2011. Increased air connectivity to several key destinations such as Beijing and Hong Kong, in addition to several key international tourism events such as the F1 Petronas Malaysia Grand Prix and the three-month long 1Malaysia GP Sale, have contributed to the continued growth of Malaysia's tourist arrivals.
Absolute Share Price Performance, as at 7 September 2012
Closing Share Price as at 7 September 2012 31 August 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.63 6.58 1%
General Property Group 3.61 3.51 3%
Mirvac Group 1.42 1.35 5%
Ocean Capital Limited 0.15 0.15 -
Thakral Holdings Group 0.80 0.80 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 17.50 16.40 7%
Dusit Thani Public Co Ltd 43.00 40.00 8%
The Erawan Group Public Co Ltd 2.64 2.64 -
Grande Asset Hotels and Property Public Co Ltd 1.17 1.19 -2%
Laguna Resorts & Hotel Public Co Ltd 36.50 40.00 -9%
Minor International Public Co Ltd 15.60 14.70 6%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.04 14.58 3%
Beijing Capital Tourism Co Ltd 12.80 11.92 7%
Jinling Hotel Corporation Ltd 7.12 6.82 4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.63 4.36 6%
Guangzhou Dong Fang Hotel Co Ltd 7.46 7.09 5%
Shenzhen Century Plaza Hotel Co Ltd 4.42 4.24 4%
Home Inns & Hotels Management Inc 23.99 23.06 4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.99 8.84 2%
Regal Hotels International Holdings Ltd 3.18 3.14 1%
Sino Hotels Holdings Ltd 2.44 2.50 -2%
The Hong Kong & Shanghai Hotels Ltd 9.11 9.40 -3%
Shangri-La Asia Limited 13.80 14.52 -5%
kosmopolito Hotel International 1.86 1.76 6%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 60.20 59.00 2%
EIH (Oberoi Hotels & Resorts) 75.90 76.95 -1%
Hotel Leela Ventures 27.95 27.90 -
Korea Exchange (KRW)
The Shilla 53,300 53,700 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.38 0.38 -
AscendasHT 0.90 0.89 1%
Ascott Residence Trust 1.25 1.25 -
Banyan Tree Holdings Limited 0.56 0.56 -
CDL HTrust 2.01 2.03 -1%
Far East HTrust 0.98 0.99 -1%
Hotel Grand Central Ltd 0.79 0.79 -
Hotel Properties Ltd 2.74 2.54 8%
Mandarin Oriental International Ltd (US$) 1.39 1.39 -
Pan Pacific Hotels Group Limited 2.08 2.06 1%
Shangri-La Asia Limited (HK$) 13.64 14.04 -3%
Stamford Land Corporation Ltd 0.54 0.54 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 333 328 2%
The Ambassador Hotel, Ltd 31.60 31.00 2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,230 21,460 -1%
Imperial Hotel, Ltd 2,300 2,412 -5%
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Michelle Hui
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Mark Keith & Daniel Voellm
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Natwar Nagar
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Kaushik Vardharajan
HVS Shanghai
Adeline Phua
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