HVS Website
7 June 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hilton Unveils Major Expansion of Luxury Brands in Asia Pacific
Shun Tak Secures Stake in Jetstar Hong Kong
Jakarta Launches Construction of MRT
Malaysia aims for US$60 billion in Tourist Receipts by 2020
AirAsia Set to Launch First Bangkok-Naypyidaw Route
Anantara Launches Second Property in Vietnam
Absolute Share Price Performance, as at 7 June 2013
Hilton Unveils Major Expansion of Luxury Brands in Asia Pacific Return to Headlines
Hilton Worldwide has announced plans to roll out 16 new properties across Asia under its Waldorf Astoria and Conrad brands by 2020. Waldorf Astoria will have five new properties opening between now and 2020 while Conrad's pipeline will feature 11 hotels in the region. The majority of the 16 new properties will be located in China in cities including Beijing, Chengdu, Guangzhou, Sanya, Xiamen and Qingdao amongst others, and the remaining properties will be launched in Bangkok, Mumbai, Manila, Bengaluru and Bali.

Shun Tak Secures Stake in Jetstar Hong Kong Return to Headlines

Shun Tak Holdings has paid US$66 million for an equal third share of the upcoming Jetstar Hong Kong. The new airline will be a joint venture involving Qantas and China Eastern Airlines. If the application for its operating license is approved, Jetstar Hong Kong will be the only budget airline in Hong Kong, since the liqudation of the low cost carrier, Oasis, in 2008. Jetstar Hong Kong aims to tap into the rising demand from Hong Kong and Greater China, in a market that is set to see 450 million passengers by 2015.

Jakarta Launches Construction of MRT Return to Headlines

Jakarta has launched the construction of the metropolis' first underground system, the Jakarta Mass Rapid Transit System (MRT). Construction is planned to commence in July 2013 and the first phase of construction is expected to connect Lebak Bulus in South Jakarta to the Hotel Indonesia traffic circle in Central Jakarta. The first track will consist of 13 stations and will run for 15 kilometres and will have a combination of underground and elevated tracks and is expected to finish completion in 2017. When fully completed, the MRT system will stretch to a total of 110 kilometres.

Malaysia aims for US$60 billion in Tourist Receipts by 2020 Return to Headlines
Under the Malaysia's Economic Transformation Programme, tourism has been identified as one of the 12 National Key Economic Areas to drive the country's economic growth. Malaysia attracted over US$20.2 billion in tourist receipts and tourists arrivals of more than 25 million in 2012. The country is now aiming for 36 million tourist arrivals and US$60 billion tourism receipts by 2020 and a number of tourism development projects have been put in place in order to achieve this aim, including a focus on securing major events for Malaysia under the tourism ministry's new brand Malaysia Major Events.
AirAsia Set to Launch First Bangkok-Naypyidaw Route Return to Headlines
AirAsia is set to launch the first direct route between Bangkok and Naypyidaw, the capital of Myanmar, this October. The airline currently runs flights between Bangkok to Yangon and Mandalay. Upon the new route's launch, AirAsia will fly daily from Bangkok to Naypyidaw. With the SEA Games approaching in December 2013, Myanmar's chairmanship of ASEAN in 2014 and the ASEAN Economic Community in 2015, there has been increasing demand for flight options to Myanmar's capital.
Anantara Launches Second Property in Vietnam Return to Headlines
Anantara has launched its second property in Vietnam, following the acquisition of the Life Heritage Resort Hoi An. Located on the Thu Bon River in central Vietnam, the resort has been rebranded as the Anantara Hoi An Resort and offers 93 duplex rooms and suites. This rebranding comes after Minor Hotel Group's acquisition of Life Resorts earlier this year. The Anantara Hoi An is the second Anantara in Vietnam, following the Anantara Mui Ne Resort & Spa, which joined the brand's portfolio in November 2011. Minor is planning to rebrand the Life Wellness Resort Quy Nhon later this year under Anantara's sister brand, Avani.
Absolute Share Price Performance, as at 7 June 2013
Closing Share Price as at 7 June 2013 31 May 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.08 8.50 -5%
General Property Group 3.72 3.89 -4%
Mirvac Group 1.64 1.68 -2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 35.00 35.25 -1%
Dusit Thani Public Co Ltd 62.50 71.00 -12%
The Erawan Group Public Co Ltd 4.34 4.60 -6%
Grande Asset Hotels and Property Public Co Ltd 1.45 1.56 -7%
Laguna Resorts & Hotel Public Co Ltd 38.00 40.50 -6%
Minor International Public Co Ltd 24.10 27.00 -11%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.26 13.62 -3%
Beijing Capital Tourism Co Ltd 13.13 14.05 -7%
Jinling Hotel Corporation Ltd 7.15 7.30 -2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.70 5.09 -8%
Guangzhou Dong Fang Hotel Co Ltd 6.23 6.54 -5%
Shenzhen Century Plaza Hotel Co Ltd 3.87 4.13 -6%
China Lodging Group, Limited 15.66 15.97 -2%
Home Inns & Hotels Management Inc 29.83 28.99 3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.52 10.68 -1%
Regal Hotels International Holdings Ltd 3.60 3.76 -4%
Sino Hotels Holdings Ltd 2.75 2.75 -
The Hong Kong & Shanghai Hotels Ltd 13.16 13.80 -5%
Shangri-La Asia Limited 13.70 14.38 -5%
Dorsett Hospitality International 1.94 1.97 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 50.25 51.30 -2%
EIH (Oberoi Hotels & Resorts) 56.20 56.45 -
Hotel Leela Ventures 18.10 18.85 -4%
Korea Exchange (KRW)
The Shilla 60,600 62,500 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.64 0.62 3%
Ascendas Hospitality Trust 0.89 0.90 -1%
Ascott Residence Trust 1.36 1.35 1%
Banyan Tree Holdings Limited 0.73 0.76 -4%
CDL Hospitality Trusts 1.86 1.84 1%
Far East Hospitality Trust 1.01 1.02 -1%
Hotel Grand Central Ltd 1.07 1.08 -1%
Hotel Properties Ltd 3.29 3.31 -1%
Mandarin Oriental International Ltd (US$) 1.75 1.73 1%
Pan Pacific Hotels Group Limited 2.53 2.53 -
Shangri-La Asia Limited (HK$) 14.20 14.12 1%
Stamford Land Corporation Ltd 0.60 0.62 -3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 352 350 1%
The Ambassador Hotel, Ltd 29.50 29.40 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 34,850 39,650 -12%
Imperial Hotel, Ltd 2,900 3,500 -17%
Return to Headlines
HVS Beijing
Michelle Hui
HVS Hong Kong
Daniel Voellm
HVS Mumbai
Natwar Nagar
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Tan Wei See
HVS Singapore
David Ling
HVS Guangzhou
Tony Tao
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.

HVS 2011 Terms of Use | Contact Us