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21 June 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Marriott Revamps Logo for Modernisation
Far East's Quincy Joins Lagoi Bay
Tune Opens Headquarters in Melbourne
Cinnamon Air Takes to the Skies as Sri Lanka's Newest Domestic Airline
Subic Bay, Philippines to Get Integrated Resort
Absolute Share Price Performance, as at 21 June 2013
Marriott Revamps Logo for Modernisation Return to Headlines
Marriott has revamped its logo in line with its major global rebranding initiative and modernisation of the brand. The revamped branding is part of Marriott's new marketing campaign, "Travel Brilliantly" which is targeted at the next generation of travellers. The new campaign will include TV, digital and mobile advertising, the new logo and enhanced social media platforms. Marriott will also launch a new website to showcase the brand's innovations and gather new ideas from influencers, experts and travelling consumer enthusiasts. In addition to the branding work, Marriott will also undertake a major renovation of its hotel lobbies, which will be redesigned as high-technology social areas for the modern traveller to work and socialise.

Far East's Quincy Joins Lagoi Bay Return to Headlines

Far East Hospitality-owned chain Quincy Hotel, Residences and Suites is the latest brand to join Bintan's Lagoi Bay development and will form part of The Heritage Bintan project. Quincy will make its debut in Indonesia with the management of the 218-key property, which will be built by Stareast Sejahtera and will be located within the 1.6 hectare The Heritage Bintan development. The Heritage Bintan is expected to be completed in April 2015 and will be located adjacent to the Bintan Market Place and in close proximity to the Swiss-Belhotel Lagoi Bay, Bintan. Phase one of Lagoi Bay will be completed by the end of 2013, which will see the opening of The Plaza Lagoi and The Sanchaya.

Tune Opens Headquarters in Melbourne Return to Headlines

Tune Hotels has announced plans to enter Melbourne and to open its first property and operational headquarters in the city. The Tune Hotel Melbourne is scheduled to open in November 2013 and the 225-room property will mark the brand's entry into Australia and New Zealand. Similarly, the new operational headquarters will oversee business in Australia and New Zealand and will work in conjunction with Tune's corporate office in Kuala Lumpur.

Cinnamon Air Takes to the Skies as Sri Lanka's Newest Domestic Airline Return to Headlines
Cinnamon Air, the newest domestic airline in Sri Lanka, will take to the skies at the end of June 2013. The airline is owned and operated by Saffron Aviation, a joint venture between John Keells Holdings and two other local companies. Most of the airline's flights will cover the southern and central part of Sri Lanka, including Koggala, Dickwella and Kandy. Other scheduled destinations include Sigiriya, Batticaloa and Trincomalee. The airline aims to cut travel time to outlying area in Sri Lanka and will co-ordinate flight timings with that of SriLankan Airlines and most major international carriers serving the Bandaranaike International Airport.
Subic Bay, Philippines to Get Integrated Resort Return to Headlines
Subic Bay Area will be home to the latest integrated resort in Philippines, which is expected to be completed in four years and will cost 20 billion pesos (US$462.3 million). Subic Bay Metropolitan Authority has signed an agreement with South Korea-owned Resom Resort Philippines to develop the new integrated resort, which completed in phases. Phase one will comprise of a 300-room luxury hotel, convention facilities, pool, spa, restaurants amongst other facilities and is expected to be completed in time for the APEC summit in November 2015. Phase two will include the construction of more hotels, condominiums, theme and water parks, casino and gaming operations and a golf course amongst others.
Absolute Share Price Performance, as at 21 June 2013
Closing Share Price as at 21 June 2013 14 June 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.04 7.72 4%
General Property Group 3.71 3.74 -1%
Mirvac Group 1.58 1.59 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 30.00 33.75 -11%
Dusit Thani Public Co Ltd 55.00 55.00 -
The Erawan Group Public Co Ltd 3.70 3.80 -3%
Grande Asset Hotels and Property Public Co Ltd 1.22 1.28 -5%
Laguna Resorts & Hotel Public Co Ltd 32.00 33.75 -5%
Minor International Public Co Ltd 23.90 24.70 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.20 13.09 1%
Beijing Capital Tourism Co Ltd 12.65 12.71 -
Jinling Hotel Corporation Ltd 6.88 6.91 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.37 4.66 -6%
Guangzhou Dong Fang Hotel Co Ltd 5.76 6.07 -5%
Shenzhen Century Plaza Hotel Co Ltd 3.61 3.78 -4%
China Lodging Group, Limited 15.37 14.83 4%
Home Inns & Hotels Management Inc 25.96 28.91 -10%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.69 9.90 -2%
Regal Hotels International Holdings Ltd 3.42 3.54 -3%
Sino Hotels Holdings Ltd 2.75 2.75 -
The Hong Kong & Shanghai Hotels Ltd 12.92 12.62 2%
Shangri-La Asia Limited 13.54 13.52 -
Dorsett Hospitality International 1.75 1.92 -9%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 51.65 47.80 8%
EIH (Oberoi Hotels & Resorts) 52.40 53.40 -2%
Hotel Leela Ventures 17.05 17.25 -1%
Korea Exchange (KRW)
The Shilla 61,100 62,000 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.58 -3%
Ascendas Hospitality Trust 0.88 0.86 2%
Ascott Residence Trust 1.30 1.32 -2%
Banyan Tree Holdings Limited 0.69 0.68 1%
CDL Hospitality Trusts 1.73 1.80 -4%
Far East Hospitality Trust 0.97 0.98 -1%
Hotel Grand Central Ltd 1.02 1.05 -3%
Hotel Properties Ltd 3.30 3.12 6%
Mandarin Oriental International Ltd (US$) 1.70 1.70 -
Pan Pacific Hotels Group Limited 2.53 2.53 -
Shangri-La Asia Limited (HK$) 13.62 13.62 -
Stamford Land Corporation Ltd 0.61 0.57 7%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 353 352 -
The Ambassador Hotel, Ltd 28.15 28.45 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 36,050 35,550 1%
Imperial Hotel, Ltd 3,255 3,090 5%
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Michelle Hui
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HVS New Delhi
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HVS Shanghai
Tan Wei See
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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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