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8 February 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Le Méridien to Open Six More Hotels in Asia in 12 Months
Bhutan to Offer Private Jet Services
Archipelago to Add 42 Hotels by Year-end
New Body to Promote Tourism in Vietnam's Central Coast
JW Marriott Enters Bangladesh
Absolute Share Price Performance, as at 8 February 2013
Le Méridien to Open Six More Hotels in Asia in 12 Months Return to Headlines

Le Méridien Hotels & Resorts has announced a pipeline of nine hotels, which are expected to open within the next 12 months. Among these nine properties, six will be opened in Asia in locations such as Jimbaran Bay - Bali, Zhengzhou, Ho Chi Minh City, Dhaka, Qingdao and Mahabaleshwar in India. All new properties will feature the Le Méridien Hub experience, which focuses on making the hotel lobby a social gathering place for conversations, debates and exchanges. All six hotels in Asia are expected to open by October 2013.

Bhutan to Offer Private Jet Services Return to Headlines

Drukair, Bhutan's national carrier, has formed a partnership with charter specialist, Chapman Freeman to offer private jet services in the country. Under this partnership, Chapman Freeman will provide private jets and flying permits to operate charters to the Himalayan Kingdom, in addition to certified navigators which are a necessity given the mountainous environment in Bhutan. The new service will be based at Paro International Airport in Bhutan, which is considered one of the most challenging airports for pilots to take-off and land, due to its surrounding mountainous landscape.

Archipelago to Add 42 Hotels by Year-end Return to Headlines

Indonesia-based hotel operator Archipelago International will add 42 hotels to its portfolio in 2013. The company's four-star Aston and two-star favehotel and Neo brands are the fastest growing brands amongst Archipelago's seven brands. The strong increase in domestic tourism in Indonesia has helped to propel the growth in Archipelago's portfolio. New Archipelago properties are expected to open this year in Bali, Balikpapan, Belitung, Bogor, Jakarta, Jambi, Jember, Kupang, Luwuk, Madiun, Mataram, Semarang, Solo and Surabaya. Additionally, the company will be launching a new three-star plus brand in September this year.

New Body to Promote Tourism in Vietnam's Central Coast Return to Headlines
Hoteliers, golf course owners and travel operators along Vietnam's central coast have come together to form a tourism body, Central Coast Vietnam Destination Marketing Organisation, to promote the region. Founding members include hotels and resorts such as The Nam Hai, Crowne Plaza Danang, Hyatt Regency Danang, Fusion Maia Danang, Furama Resort Danang, Grand Mercure Danang, The Ocean Villas, Angsana Lang Co, La Residence Hue, Montgomerie Links and Danang Golf Club. The tourism body aims to promote resort towns such as Danang, Hoi An and Hue as leisure tourism destinations to rival destinations such as Bali, Koh Samui and Phuket and the marketing campaign will be timed with the launch of direct Dragonair flights between Hong Kong and Danang in March 2013.
JW Marriott Enters Bangladesh Return to Headlines
Marriott International and Jamuna Builders Limited have signed an agreement to operate the 700-room JW Marriott Hotel Dhaka. Jamuna Builders Limited is the real estate arm of Jamuna Group, Bangladesh's largest diversified conglomerate. The JW Marriott Hotel Dhaka will be part of a mixed-use development, which will include retail and office components. The property is located close to Dhaka's international airport and will feature three restaurants, two bars, a spa with eight treatment rooms and 2,280 square metres of meeting space. Upon completion, the JW Marriott Hotel Dhaka will be one of the largest JW Marriott hotels in Asia.
Absolute Share Price Performance, as at 8 February 2013
Closing Share Price as at 8 February 2013 1 February 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 7.70 7.57 2%
General Property Group 3.88 3.83 1%
Mirvac Group 1.60 1.59 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 33.50 32.00 5%
Dusit Thani Public Co Ltd 48.00 48.25 -1%
The Erawan Group Public Co Ltd 5.30 4.86 9%
Grande Asset Hotels and Property Public Co Ltd 1.64 1.58 4%
Laguna Resorts & Hotel Public Co Ltd 38.75 34.25 13%
Minor International Public Co Ltd 23.50 22.10 6%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.85 14.80 -
Beijing Capital Tourism Co Ltd 12.12 11.51 5%
Jinling Hotel Corporation Ltd 7.30 7.22 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.37 4.38 -
Guangzhou Dong Fang Hotel Co Ltd 6.96 7.19 -3%
Shenzhen Century Plaza Hotel Co Ltd 4.60 4.72 -3%
China Lodging Group, Limited 19.41 18.54 5%
Home Inns & Hotels Management Inc 31.80 31.50 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 11.66 11.64 -
Regal Hotels International Holdings Ltd 3.86 3.94 -2%
Sino Hotels Holdings Ltd 2.57 2.57 -
The Hong Kong & Shanghai Hotels Ltd 13.40 13.62 -2%
Shangri-La Asia Limited 18.00 18.70 -4%
Dorsett Hospitality International 2.11 2.18 -3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 61.95 61.80 -
EIH (Oberoi Hotels & Resorts) 67.65 69.65 -3%
Hotel Leela Ventures 25.55 27.15 -6%
Korea Exchange (KRW)
The Shilla 46,400 45,600 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.51 -2%
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.32 1.36 -3%
Banyan Tree Holdings Limited 0.68 0.70 -3%
CDL Hospitality Trusts 2.02 2.04 -1%
Far East Hospitality Trust 1.08 1.04 4%
Hotel Grand Central Ltd 0.94 0.95 -1%
Hotel Properties Ltd 3.18 3.19 -
Mandarin Oriental International Ltd (US$) 1.66 1.65 1%
Pan Pacific Hotels Group Limited 2.35 2.36 -
Shangri-La Asia Limited (HK$) 18.52 18.52 -
Stamford Land Corporation Ltd 0.56 0.58 -3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 365 365 -
The Ambassador Hotel, Ltd 30.55 30.40 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 28,110 28,910 -3%
Imperial Hotel, Ltd 3,050 2,989 2%
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Michelle Hui
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Mark Keith & Daniel Voellm
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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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