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Featured in this Asia Pacific Hospitality Newsletter |
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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.
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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.
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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. |
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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. |
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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.
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Absolute Share Price Performance, as at 8 February 2013
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Closing Share Price as at |
8 February 2013
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1 February 2013
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
7.70
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7.57
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2%
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General Property Group |
3.88
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3.83
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1%
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Mirvac Group |
1.60
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1.59
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-
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
33.50
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32.00
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5%
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Dusit Thani Public Co Ltd |
48.00
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48.25
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-1%
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The Erawan Group Public Co Ltd |
5.30
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4.86
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9%
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Grande Asset Hotels and Property Public Co Ltd |
1.64
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1.58
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4%
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Laguna Resorts & Hotel Public Co Ltd |
38.75
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34.25
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13%
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Minor International Public Co Ltd |
23.50
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22.10
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6%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
14.85
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14.80
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-
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Beijing Capital Tourism Co Ltd |
12.12
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11.51
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5%
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Jinling Hotel Corporation Ltd |
7.30
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7.22
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1%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
4.37
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4.38
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-
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Guangzhou Dong Fang Hotel Co Ltd |
6.96
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7.19
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-3%
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Shenzhen Century Plaza Hotel Co Ltd |
4.60
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4.72
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-3%
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NASDAQ (US$) |
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China Lodging Group, Limited
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19.41
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18.54
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5%
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Home Inns & Hotels Management Inc |
31.80
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31.50
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1%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
11.66
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11.64
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-
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Regal Hotels International Holdings Ltd |
3.86
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3.94
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-2%
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Sino Hotels Holdings Ltd |
2.57
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2.57
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-
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The Hong Kong & Shanghai Hotels Ltd |
13.40
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13.62
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-2%
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Shangri-La Asia Limited |
18.00
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18.70
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-4%
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Dorsett Hospitality International
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2.11
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2.18
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-3%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
61.95
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61.80
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-
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EIH (Oberoi Hotels & Resorts) |
67.65
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69.65
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-3%
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Hotel Leela Ventures |
25.55
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27.15
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-6%
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Korea Exchange (KRW) |
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The Shilla |
46,400
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45,600
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2%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.50
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0.51
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-2%
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Ascendas Hospitality Trust
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0.91
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0.91
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-
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Ascott Residence Trust |
1.32
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1.36
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-3%
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Banyan Tree Holdings Limited |
0.68
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0.70
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-3%
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CDL Hospitality Trusts
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2.02
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2.04
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-1%
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Far East Hospitality Trust
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1.08
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1.04
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4%
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Hotel Grand Central Ltd |
0.94
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0.95
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-1%
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Hotel Properties Ltd |
3.18
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3.19
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-
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Mandarin Oriental International Ltd (US$) |
1.66
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1.65
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1%
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Pan Pacific Hotels Group Limited |
2.35
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2.36
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-
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Shangri-La Asia Limited (HK$)
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18.52
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18.52
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-
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Stamford Land Corporation Ltd |
0.56
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0.58
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-3%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
365
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365
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-
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The Ambassador Hotel, Ltd |
30.55
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30.40
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-
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Tokyo Stock Exchange (JPY) |
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Japan Hotel REIT Investment Corp.
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28,110
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28,910
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-3%
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Imperial Hotel, Ltd |
3,050
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2,989
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2%
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Return to Headlines |
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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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