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28 June 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Ritz-Carlton to Return to Bali
Philippines Introduces Long-Stay Visa
AirAsia Japan Terminated
Sri Lanka to Open Mega Casino in 2016
Minor Hotel Group's AVANI to Debut in Thailand
Absolute Share Price Performance, as at 28 June 2013
Ritz-Carlton to Return to Bali Return to Headlines
Ritz-Carlton will make its return to Bali in 2014 after a five-year absence, with the opening of the Ritz-Carlton Bali. Owned by Oriental Indah Bali Hotel Company, the property will be located in Sawangan and will have 288 guestrooms including 90 suites and 14 villas, of which ten villas will be perched atop a cliff. The Ritz-Carlton Bali will also have six F&B outlets, including a cliff-side restaurant in a natural cave. Ritz-Carlton last operated a Bali property in 2009, which is now the Ayana Resort and Spa and is part of the Capella Hotel Group Portfolio.

Philippines Introduces Long-Stay Visa Return to Headlines

Philippines is set to launch a new Long Stay Visitors Visa Extension, which will enable temporary visitors to extend their visa validity by six months after the expiry of the standard 21 day visa. Currently, visitors can obtain a 38 day extension after the expiration of the standard visa and then continue to apply for a maximum of three two-month extensions. The new long-stay visa extension is valid for multiple entries to the Philippines and is set to benefit business travellers, backpackers, medical tourists and students.

AirAsia Japan Terminated Return to Headlines

AirAsia and ANA have signed a termination agreement to end their joint-venture, AirAsia Japan, one year after the launch of the airline. ANA has agreed to purchase all of AirAsia's shares in the joint-venture, while all the aircraft will be returned to AirAsia. The buyout will cost ANA 2.45 billion Japanese Yen (US$25 million) and operations will close by 31 October 2013. AirAsia will continue to operate international flights to and from Japan using its long-haul subsidiary, AirAsia X.

Sri Lanka to Open Mega Casino in 2016 Return to Headlines
Sri Lanka will see the opening of a 36-storey casino cum luxury resort in Colombo in 2015. Backed by Australian casino mogul James Packer's Crown and Sri Lankan gaming industry veteran Ravi Wijeratne's Rank Group, the casino will occupy 1.3 hectares and will cost US$350 million. The new resort is targeted at wealthy Indian and Chinese nationals and is aimed at making Colombo's nightlife comparable amongst the likes of Singapore and Bangkok. The casino is also expected to generate MICE business, by offering a comprehensive package including entertainment, F&B and gaming for business and MICE visitors.
Minor Hotel Group's AVANI to Debut in Thailand Return to Headlines
Minor Hotel Group has announced that it will take over management of the Amari Atrium Bangkok and will relaunch the property under its AVANI brand, marking AVANI's debut in Thailand. The 568-room property will undergo extensive renovation for its guestrooms and public areas and will reopen under the AVANI brand in 2014. AVANI currently has two properties in its portfolio, with another two in the pipeline which are set to debut in Vietnam and Malaysia. Minor Hotel Group also has plans to expand the brand across Asia, India, the Indian Ocean and the Middle East.
Absolute Share Price Performance, as at 28 June 2013
Closing Share Price as at 28 June 2013 21 June 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.27 8.04 3%
General Property Group 3.84 3.71 4%
Mirvac Group 1.61 1.58 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 33.25 30.00 11%
Dusit Thani Public Co Ltd 57.25 55.00 4%
The Erawan Group Public Co Ltd 3.74 3.70 1%
Grande Asset Hotels and Property Public Co Ltd 1.26 1.22 3%
Laguna Resorts & Hotel Public Co Ltd 32.50 32.00 2%
Minor International Public Co Ltd 24.80 23.90 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 12.57 13.20 -5%
Beijing Capital Tourism Co Ltd 13.08 12.65 3%
Jinling Hotel Corporation Ltd 6.44 6.88 -6%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.14 4.37 -5%
Guangzhou Dong Fang Hotel Co Ltd 5.10 5.76 -11%
Shenzhen Century Plaza Hotel Co Ltd 3.32 3.61 -8%
China Lodging Group, Limited 16.00 15.37 4%
Home Inns & Hotels Management Inc 26.71 25.96 3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.67 9.69 -
Regal Hotels International Holdings Ltd 3.47 3.42 1%
Sino Hotels Holdings Ltd 2.75 2.75 -
The Hong Kong & Shanghai Hotels Ltd 12.60 12.92 -2%
Shangri-La Asia Limited 13.40 13.54 -1%
Dorsett Hospitality International 1.80 1.75 3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 48.00 51.65 -7%
EIH (Oberoi Hotels & Resorts) 51.80 52.40 -1%
Hotel Leela Ventures 16.95 17.05 -1%
Korea Exchange (KRW)
The Shilla 61,000 61,100 -
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.58 0.56 4%
Ascendas Hospitality Trust 0.84 0.88 -5%
Ascott Residence Trust 1.29 1.30 -1%
Banyan Tree Holdings Limited 0.69 0.69 -
CDL Hospitality Trusts 1.70 1.73 -2%
Far East Hospitality Trust 0.96 0.97 -1%
Hotel Grand Central Ltd 1.05 1.02 3%
Hotel Properties Ltd 3.17 3.30 -4%
Mandarin Oriental International Ltd (US$) 1.62 1.70 -5%
Pan Pacific Hotels Group Limited 2.53 2.53 -
Shangri-La Asia Limited (HK$) 13.50 13.62 -1%
Stamford Land Corporation Ltd 0.59 0.61 -3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 353 353 -
The Ambassador Hotel, Ltd 30.10 28.15 7%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 37,500 36,050 4%
Imperial Hotel, Ltd 3,460 3,255 6%
Return to Headlines
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Michelle Hui
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Kaushik Vardharajan
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Tan Wei See
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Natwar Nagar
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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