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20 December 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Asia a driving force in tourism – ITB
Ascott crosses Milestone of 10,000 Apartment Units in China
Tokyo Marriott Hotel Opens
DoubleTree by Hilton enters Suzhou, Anhui
Centara plans to expand its resorts in both Rayong and Trat, Thailand
Genting Malaysia unveils redevelopment master plan
Absolute Share Price Performance, as at 20 December 2013
Asia a driving force in tourism – ITB Return to Headlines
During the first eight months of 2013, international departures from Asia increased by eight per cent. International departures from China grew by 26% which contributed significantly towards this trend. Asian source markets are expected to grow by around nine per cent in 2014. Overall, forecasts predict increasing international departures from Asia over the next few years, due mainly to economic growth and an expanding middle class that is both educated and young.

Ascott crosses Milestone of 10,000 Apartment Units in China Return to Headlines

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited has crossed its milestone of having 10,000 apartment units in China. This cements Ascott’s position as the largest international serviced residence owner-operator in China with 56 properties across 20 cities. Ascott’s target is to achieve 12,000 apartment units in China by 2015.

Tokyo Marriott Hotel Opens Return to Headlines

Marriott International announces the opening of the Tokyo Marriott Hotel. This represents the global hospitality company’s 12th hotel in Japan and the third under its flagship Marriott Hotels brand. The hotel has 249 rooms and is easily accessible through the Tokaido bullet train, Haneda Airport and the Yamanote Line circling central Tokyo. With this opening, Marriott International is poised to meet the growing demand for quality hospitality experiences in the country ahead of the 2020 Summer Olympics.

DoubleTree by Hilton enters Suzhou, Anhui Return to Headlines

DoubleTree by Hilton and Hilton Worldwide announced the opening of the 23-story, 301-room DoubleTree by Hilton Anhui-Suzhou. This opening marks the first DoubleTree by Hilton property in Suzhou and Anhui Province. Strategically located in the Bianhe New Developing Zone, the hotel is within walking distance of the scenic Delta Park and provides easy access to the Suzhou Hi-tech Development Zone; making it ideal for business and leisure travellers. It also features 1820 square meters of state-of-the-art meeting and banquet space.

Centara plans to expand its resorts in both Rayong and Trat, Thailand Return to Headlines

Centara resorts in both Rayong and Trat are due to be expanded due to the success of both destinations. Centara Chaan Talay Resort & Villas which was awarded with the TripAdvisor Certificate of Excellence this year will expand its villa and suites count from 44 to 70. Meanwhile, the Rayong property will be rebranded to Centara Sappaya Design Resort Rayong and will be repositioned to attract individuals looking for a design-minded trendy accommodation. It currently features 13 designed accommodation units and will be expanded to add 30 new rooms to the resort by 2014.

Genting Malaysia unveils redevelopment master plan Return to Headlines

Genting Malaysia recently announced a RM 5 billion (US$ 1.53 billion) 10-year redevelopment, expansion and refurbishment plan for its hotels, theme park and other infrastructure at Resorts World Genting. This plan, known as the Genting Integrated Tourism Plan will be carried out in phases. Phase One is scheduled for completion in 2016 and includes the development of the world’s first Twentieth Century Fox World Theme park, a 10,000 seat show arena, a 1,300-room three-star hotel as well as the refurbishment and upgrading and modernisation of Genting Grand, Maxims, Resort Hotel, Theme Park Hotel and First World Hotel.

Absolute Share Price Performance, as at 20 December 2013
Closing Share Price as at 20 December 2013 13 December 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.15 8.20 -1%
General Property Group 3.44 3.43 -
Mirvac Group 1.72 1.62 6%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 32.00 32.00 -
Dusit Thani Public Co Ltd 55.00 56.50 -3%
The Erawan Group Public Co Ltd 3.92 4.00 -2%
Grande Asset Hotels and Property Public Co Ltd 1.06 1.10 -4%
Laguna Resorts & Hotel Public Co Ltd 28.25 28.00 1%
Minor International Public Co Ltd 23.90 24.10 -1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.73 17.57 -10%
Beijing Capital Tourism Co Ltd 14.33 14.82 -3%
Jinling Hotel Corporation Ltd 7.89 8.56 -8%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.11 6.52 -6%
Guangzhou Dong Fang Hotel Co Ltd 5.87 6.44 -9%
Shenzhen Century Plaza Hotel Co Ltd 3.82 4.10 -7%
China Lodging Group, Limited 26.20 26.22 -
Home Inns & Hotels Management Inc 40.73 41.77 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.88 9.90 -
Regal Hotels International Holdings Ltd 4.69 4.74 -1%
Sino Hotels Holdings Ltd 2.75 2.75 -
The Hong Kong & Shanghai Hotels Ltd 10.98 10.78 2%
Shangri-La Asia Limited 15.00 15.40 -3%
Dorsett Hospitality International 1.57 1.54 2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 57.90 53.35 9%
EIH (Oberoi Hotels & Resorts) 54.05 53.30 1%
Hotel Leela Ventures 16.19 14.98 8%
Korea Exchange (KRW)
The Shilla 67,000 66,700 -
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.55 0.55 -
Ascendas Hospitality Trust 0.72 0.73 -1%
Ascott Residence Trust 1.19 1.17 2%
Banyan Tree Holdings Limited 0.67 0.67 -
CDL Hospitality Trusts 1.59 1.57 1%
Far East Hospitality Trust 0.82 0.83 -1%
Hotel Grand Central Ltd 1.07 1.05 2%
Hotel Properties Ltd 3.09 3.09 -
Mandarin Oriental International Ltd (US$) 1.67 1.62 3%
Shangri-La Asia Limited (HK$) 15.32 15.28 -
Stamford Land Corporation Ltd 0.57 0.56 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 335.50 334.00 -
The Ambassador Hotel, Ltd 29.40 29.25 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 50,000 49,500 1%
Imperial Hotel, Ltd 2,222 2,297 -3%
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Achin Khanna
HVS Shanghai
Annie Wang
HVS Singapore
Kaushik Vardharajan
HVS Mumbai
Natwar Nagar
HVS Bangkok
Chris Pucher
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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