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22 February 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hear From the Region's Leaders in Hospitality at the Inaugural Indonesia Hospitality & Tourism Investment Conference (IHT)!
Accor in Talks for Novotel in Yangon
Garuda Indonesia Extends Reach to Six New Destinations
Japanese Hotelier Fujita Kanko Opens Singapore Office
Singapore-KL High-Speed Rail Planned
IHG Boosts Presence in India
Absolute Share Price Performance, as at 22 February 2013
Hear From the Region's Leaders in Hospitality at the Inaugural Indonesia Hospitality & Tourism Investment Conference (IHT)! Return to Headlines

Don't miss out on the opportunity to be part of the inaugural Indonesia Hospitality & Tourism Investment Conference (IHT) 2013! Join us from 7-8 May 2013 at the Ritz-Carlton Pacific Place in Jakarta to network with key leaders of the hotel and tourism industry from around the region.

Organised by HVS, the world's leading hospitality consultancy organisation, IHT promises a great conference to discover the insights and development and investment opportunities in the world's largest archipelago.

Confirmed speakers at IHT 2013 include Michael Issenberg - Chairman & Chief Operating Officer of Accor Asia Pacific; Simon Barlow - President, Asia Pacific of Carlson Rezidor Hotel Group; Simon Cooper - President & Managing Director, Asia Pacific of Marriott International; Marc Hediger - Chief Executive Officer of Lanson Place; PG Mathew - Managing Director of Oakwood Asia Pacific; Erik van Keulen - Senior Vice President Development - Asia Pacific, Whitbread Asia Pacific; Rajit Sukumaran - Assistant Vice President Acquisition and Development Asia Pacific of Starwood Hotels & Resorts; James Simmonds - Vice President Development Asia Pacific of New World Hospitality; Mark A. Edleson - President of Alila Hotels & Resorts and Jeffrey Perlman - Principal of Warburg Pincus LLC.

Be there. Be seen. Be where the action is. Be on a journey to experience exponential growth and success.

Click here to register by 15 March 2013 for early bird savings! For more information, visit www.indonesiahospitalityconference.com or call +62 21 5291 7473 for assistance.

Accor in Talks for Novotel in Yangon Return to Headlines

Accor is in talks to open a Novotel in Yangon, with local partner Max Myanmar Hotels Group. The proposed Novotel will be located within a property belonging to Max Myanmar and is anticipated to comprise of 366 rooms. The property will be located in Pyay Tower on Pyay Road and the rooms will be housed in two towers. The Novotel Yangon will feature facilities such as a ballroom, meeting and conference rooms, a café, wine bar, French restaurant, swimming pool, fitness centre, spa and tennis court. The property is expected to open at the end of 2013.

Garuda Indonesia Extends Reach to Six New Destinations Return to Headlines

Garuda Indonesia has announced its flight network expansion to six new destinations in Europe and the Middle East beginning this year. The carrier will serve the cities of Frankfurt, Brussels, Milan, Dusseldorf, Munich and Bahrain through a code sharing agreement with United Arab Emirate carrier, Etihad Airways. The code share agreement between both carriers was signed in October 2012 and covers destinations in Indonesia, Europe, the Middle East and Australia. With this agreement, Garuda passengers are able to travel from Indonesia to 80 destinations in 50 countries, served by Etihad Airways.

Japanese Hotelier Fujita Kanko Opens Singapore Office Return to Headlines
Japanese hospitality company, Fujita Kanko, will open its fourth overseas office in Singapore. The hotelier currently operates 50 properties in Japan and is planning on increasing the awareness of its Gracery and Washington hotel brands in Southeast Asia. The new Singapore hub is expected to help Fujita Kanko reach out to the markets in Southeast Asia, including Thailand, Malaysia, Indonesia and Vietnam. The Tokyo-based company has opened three overseas offices over the past three years in Shanghai, Seoul and Taipei.
Singapore-KL High-Speed Rail Planned Return to Headlines
Singapore and Kuala Lumpur have announced plans for a high-speed railway which will greatly reduce the travel time between both cities to 90 minutes. This project is estimated to be completed by 2020 and will significantly improve the connectivity between Singapore and Malaysia. Currently, the 300-kilometre journey between Singapore and Kuala Lumpur averages eight hours by rail and five hours by car. This project is set to be the biggest joint infrastructure by both countries and is expected to be built by private companies. Budgetary plans, ticket prices and station locations have yet to be announced.
IHG Boosts Presence in India Return to Headlines
InterContinental Hotels Group (IHG) has boosted its Indian portfolio by signing 13 new hotels, bringing its existing pipeline in India to 47. IHG currently has 13 hotels in ten cities across India such as Delhi, Bangalore and Mumbai. The growth in domestic tourism has fuelled the demand for midscale brands Holiday Inn and Holiday Inn Express and 85% of hotels in IHG's pipeline will cater to this mid market. IHG's expansion in India will include cities that are business and tourism destinations such as Chennai, Ahmedabad, Pune and Goa.
Absolute Share Price Performance, as at 22 February 2013
Closing Share Price as at 22 February 2013 15 February 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 7.96 7.68 4%
General Property Group 3.87 3.78 2%
Mirvac Group 1.59 1.55 3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 34.75 35.25 -1%
Dusit Thani Public Co Ltd 56.50 50.00 13%
The Erawan Group Public Co Ltd 6.15 6.00 3%
Grande Asset Hotels and Property Public Co Ltd 1.64 1.72 -5%
Laguna Resorts & Hotel Public Co Ltd 38.75 37.75 3%
Minor International Public Co Ltd 25.25 25.00 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.93 14.85 -6%
Beijing Capital Tourism Co Ltd 13.83 12.12 14%
Jinling Hotel Corporation Ltd 7.14 7.30 -2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.24 4.37 -3%
Guangzhou Dong Fang Hotel Co Ltd 6.78 6.96 -3%
Shenzhen Century Plaza Hotel Co Ltd 4.49 4.60 -2%
China Lodging Group, Limited 17.97 19.33 -7%
Home Inns & Hotels Management Inc 28.72 31.39 -9%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 11.38 11.66 -2%
Regal Hotels International Holdings Ltd 3.78 3.91 -3%
Sino Hotels Holdings Ltd 2.67 2.57 4%
The Hong Kong & Shanghai Hotels Ltd 13.08 13.26 -1%
Shangri-La Asia Limited 17.94 18.10 -1%
Dorsett Hospitality International 2.40 2.09 15%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 58.75 59.75 -2%
EIH (Oberoi Hotels & Resorts) 66.30 65.75 1%
Hotel Leela Ventures 24.80 24.70 -
Korea Exchange (KRW)
The Shilla 47,050 48,850 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.50 -
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.35 1.35 -
Banyan Tree Holdings Limited 0.66 0.68 -3%
CDL Hospitality Trusts 2.00 2.05 -2%
Far East Hospitality Trust 1.08 1.08 -
Hotel Grand Central Ltd 0.96 0.96 -
Hotel Properties Ltd 3.15 3.15 -
Mandarin Oriental International Ltd (US$) 1.60 1.61 -1%
Pan Pacific Hotels Group Limited 2.44 2.36 3%
Shangri-La Asia Limited (HK$) 18.52 18.52 -
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 364 366 -
The Ambassador Hotel, Ltd 30.40 30.55 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 28,870 27,890 4%
Imperial Hotel, Ltd 2,929 2,820 4%
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.

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