HVS Website
22 March 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
EIU's View on Economic Insights and Its Impact on Indonesia
Singapore Expects Moderate Growth in Tourism Sector for 2013
W Hotels to Double Asian Portfolio in Five Years
Indonesia's Airport Authority to Develop Hotels
Dorsett to Make Singapore Debut
Don Mueang's Traffic Expected to Double
Absolute Share Price Performance, as at 22 March 2013
EIU's View on Economic Insights and Its Impact on Indonesia Return to Headlines

The Economist Intelligence Unit (EIU)'s Country Publishing Director, Robert Ward, will deliver its views on the implication and effect on the global economic situation on Indonesia. Robert will speak at the inaugural Indonesia Hospitality & Tourism Investment Conference (IHT) organised by HVS in May 2013 at the Ritz-Carlton Pacific Place in Jakarta, Indonesia.

Robert leads the Country Analysis team, which boasts more than 100 country and industry analysts. In this role, Robert helps to shape the company's response to changing economic and political trends. Robert has also been spearheading the Economist Intelligence Unit's strategy for China, notably the launch of the new Access China product, which features detailed forecasts for 31 Chinese provinces and nearly 300 Chinese cities. He also plays a core role in communicating the company's forecasts and views to clients and other high-level audiences around the world.

The HVS-organised IHT is co-hosted together with the Ministry of Tourism and Creative Economy of the Republic of Indonesia and the Indonesia Investment Coordinating Board (BKPM). The inaugural IHT will be held the Ritz-Carlton Pacific Place from 7 to 8 May 2013.

Click here to register NOW! For detailed conference programme, download brochure here or call +62 (21) 5291 7473 for assistance.

Singapore Expects Moderate Growth in Tourism Sector for 2013 Return to Headlines

The Singapore government expects moderate growth in tourism as the country has likely fallen short of its target of 15 million international arrivals for 2012. Singapore is expecting tourism receipts of S$24.5 billion and 14.8 million international visitors for 2013, a 2% increase from its target for 2012. Tourism growth is gradually slowing around the world, and Singapore will not be exempt. Following a biennial report released by the World Economic Forum, Singapore ranked first in Asia for its travel and tourism industry competitiveness and tenth among 140 countries worldwide.

W Hotels to Double Asian Portfolio in Five Years Return to Headlines

W Hotels Worldwide announced an expansion of its portfolio to 20 properties in Asia over the next five years. 11 hotels, or more than half of W's global pipeline, will be in Asia Pacific and the first W Hotel in mainland China will be opening in Guangzhou by March. Upcoming countries to welcome W Hotels include India, Indonesia and Malaysia, while cities such as Beijing, Shanghai, Changsha and Suzhou will have W Hotels by 2018. W Hotels will open its first property in India by 2015, while both the W Jakarta and W Kuala Lumpur are slated to open in 2016.

Indonesia's Airport Authority to Develop Hotels Return to Headlines
Indonesia's state owned airport authority, Angkasa Pura Airports, will be developing airport hotels across the country. The company has planned for 13 hotels, with a total number of 2,450 rooms in 13 east Indonesia airports by 2017. Angkasa Pura currently has two hotels in Surabaya and Makassar which are due to open by July 2013 and will begin development on a third hotel in Bali. Angkasa Pura Airports will own the hotels, however its subsidiary Angkasa Pura Hotels or other hotel companies will take on the management responsibilities. All three new hotels in development will be managed by Accor under the Ibis Budget and Novotel brands.
Dorsett to Make Singapore Debut Return to Headlines
Dorsett Hospitality International is set to make its debut in Singapore with the 285-room Dorsett Singapore. Owned and managed by Dorsett, the property is situated above the Outram Park MRT station and is located within the vicinity of Chinatown. Positioned as a mid-scale hotel and targeting leisure and business travellers, Doresett Singapore is conveniently located with easy access to Singapore's main shopping belt, Orchard Road, Marina Bay Sands, Sentosa and the city's Central Business District. Dorsett Hospitality International currently owns and manages 16 hotels in China, Hong Kong and Malaysia and the group has another eight properties opening in two years in countries such as Singapore and United Kingdom.
Don Mueang's Traffic Expected to Double Return to Headlines
Bangkok's second international airport, Don Mueang, is expected to double the number of passengers to 17 million by the end of September 2013. Since its reopening in October 2012 until the end of February this year, the airport has accommodated over 6.1 million passengers. Don Mueang currently serves three main carriers, AirAsia, Nok Air and Orient Aviation and is considered by the Thai government to be the main gateway to Bangkok for low-cost carriers. Don Mueang's operator, Airports of Thailand, expects the airport to accommodate 27.5 million passengers by 2016 after the reopening of Terminal 2. Together with Suvarnabhumi International Airport, the two airports will have the ability to handle 87.5 million passengers per annum.
Absolute Share Price Performance, as at 22 March 2013
Closing Share Price as at 22 March 2013 15 March 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.10 7.95 2%
General Property Group 3.75 3.79 -1%
Mirvac Group 1.63 1.70 -4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 37.00 41.00 -10%
Dusit Thani Public Co Ltd 59.00 59.00 -
The Erawan Group Public Co Ltd 5.35 5.90 -9%
Grande Asset Hotels and Property Public Co Ltd 1.38 1.80 -23%
Laguna Resorts & Hotel Public Co Ltd 34.50 38.00 -9%
Minor International Public Co Ltd 23.30 25.75 -10%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.49 13.29 2%
Beijing Capital Tourism Co Ltd 14.18 15.54 -9%
Jinling Hotel Corporation Ltd 7.39 7.08 4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.64 4.53 2%
Guangzhou Dong Fang Hotel Co Ltd 6.70 6.47 4%
Shenzhen Century Plaza Hotel Co Ltd 4.30 4.18 3%
China Lodging Group, Limited 16.50 15.89 4%
Home Inns & Hotels Management Inc 29.11 29.62 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 11.34 11.40 -1%
Regal Hotels International Holdings Ltd 3.69 3.72 -1%
Sino Hotels Holdings Ltd 2.60 2.56 2%
The Hong Kong & Shanghai Hotels Ltd 13.36 13.32 -
Shangri-La Asia Limited 16.54 17.74 -7%
Dorsett Hospitality International 2.20 2.26 -3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 53.55 55.65 -4%
EIH (Oberoi Hotels & Resorts) 56.55 61.60 -8%
Hotel Leela Ventures 20.95 21.35 -2%
Korea Exchange (KRW)
The Shilla 54,000 53,400 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.51 0.51 -
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.36 1.35 1%
Banyan Tree Holdings Limited 0.62 0.63 -2%
CDL Hospitality Trusts 2.00 2.11 -5%
Far East Hospitality Trust 1.13 1.22 -7%
Hotel Grand Central Ltd 1.00 0.99 1%
Hotel Properties Ltd 3.20 3.07 4%
Mandarin Oriental International Ltd (US$) 1.67 1.71 -2%
Pan Pacific Hotels Group Limited 2.37 2.48 -4%
Shangri-La Asia Limited (HK$) 17.52 17.52 -
Stamford Land Corporation Ltd 0.56 0.57 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 330 356 -7%
The Ambassador Hotel, Ltd 29.80 29.80 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 35,700 34,400 4%
Imperial Hotel, Ltd 3,800 3,770 1%
Return to Headlines
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.

HVS 2011 Terms of Use | Contact Us